Technical analysis by TradeYourLogic about Symbol KDA: Buy recommendation (8/6/2022)

Not a financial adviceI have done some tiny research regarding KDA and to be honest I frankly believe it has immense potential(similar to EGLD, Harmony, Solana before their price peak), therefore I decided to DCA it. As you can see it is currently in overbought area per RSI hence correction will take place but if you check its weekly candle you will observe a bullish engulfingI will update this post, if anything phenomenal happensHope you have managed to make some decent gains, do not forget to fix it, also bear in mind that we are quite overbought per RSI and per USDT.D chart potential correction might be comingWell, as I said before, correction is in play, keep DCAing and holding for a long termI expect to see another leg up if we keep 2 - 2.2$ level and we see 50MA crossing 200MA on 12H timeframe