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KAVA is showing signs of a Power of Three (PO3) bullish breakout after months of accumulation.
Daily Time Frame: it shows a symmetric triangle with price bouncing from the triangle support. Continuous growth would lead to a breakout of the triangle while a Daily close below the triangle will cause a huge dip.
Weekly Time Frame: Zooming out to the weekly it's shows the PO3 where price has been moving in consolidation zone for sometime. There was a liquidity sweep below this zone taking out trader stop loss but price quickly recovered after breakdown.
Short Term Target
0.4630 - 0.5311
Mid Term Target
0.5311 - 7944
Long Term Target
1.00+
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