KAS vs BTC looking strong, supported by the golden pocket.
Updated
Resistance turned support at about the golden pocket since breaking out on the 26Jun'24 and the first successful retest on the 23Jul'24, and with the latest retest on the 6Sep'24.
Ichimoku cloud have turned green as well since previous analysis.
A strong pump up to above the 50% Fib retracement level before dropping back down, suggests substantial capital awaiting on the sidelines to re-enter upon sign of a turnaround.
High probability of KAS recovering back towards ATH if it is able to hold and establish support above the green 50 SMA line, and to eventually allow the red 21 EMA line to cross above again.
Ichimoku cloud have turned green as well since previous analysis.
A strong pump up to above the 50% Fib retracement level before dropping back down, suggests substantial capital awaiting on the sidelines to re-enter upon sign of a turnaround.
High probability of KAS recovering back towards ATH if it is able to hold and establish support above the green 50 SMA line, and to eventually allow the red 21 EMA line to cross above again.
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PRISM Signal on the daily:
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Cyber Ensemble Signal on the daily:
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Fusiongaps V5 (waiting for the purple histogram to flip positive again):
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Higher Highs and Higher Lows established on the 4hrly Chart from Aug on the FG {50/15} histogram.
Trade closed: stop reached
KAS fell below orange 200 SMA, will wait for opportunity to reaccumulate later.Note
Re-entering BTC into KAS once BTCUSD breaks above the orange daily 200 SMA.
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KasUsd, updated measured move target reached. Will the yellow support line hold?
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KASUSD chart have broken down below yellow support line.
Updated measured move as shown below to look forward to DCA in:
Setting the bulk of the rest of my liquid capital aside, and aiming to continue DCAing within the green zone now.
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Conversely, if KAS somehow flips bullish inspite of what the current technicals suggest, I would continue to DCA in cautiously if KAS is able to first break above the solid arrowed yellow line, and enter in a lot more aggressively upon confirmation of a higher high (above the dashed yellow line at ca. 14 cents).Note
Shorter term higher-high would be set if KAS manages to go above 0.1235 USD, and if that holds, perhaps I could start continue DCAing into KAS earlier from there.
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KAS/ETH chart, bullish divergences on the daily:
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And the same for KAS/USD:
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