Technical analysis by minorcontrastDetour about Symbol KDA: Buy recommendation (5/13/2024)

An ascending broadening wedge pattern formed at the 2$ level, followed by a rejection to the 0.7 demand zone. A decrease in bearish momentum can be observed. While Others.D remains bearish, USDT.D exhibits indications of a weakening local trend. The seeming weekness in BTC.D and the strengthening of the large cap alts(like ETH) could be a plausible explanation. In such context a retest of the prior trend with a positive divergence  on the KDABTC 1M timeframe bears significant importance.I haven't seen this chart. Any reversal will most likely be local only.