After Breaking Huge Channel Kadena (KDA) Is Now Re-Testing Its Resistance As Support

Hi friends hope you are well, and welcome to the new update on KDA.

On a weekly time frame, KDA has already broken out a big down channel and not re-testing the previous resistance of the channel as support.

On a daily time frame, KDA has formed a broadening wedge pattern, and now it has again dropped at the support of the wedge. At the same time, there is also a hidden bullish divergence flashed on this daily time frame, therefore, a price reversal is possible.

For a detailed analysis, you can also watch the video.