Kaspa strong case for $0.35 by April 7th 2024
I have 5 reasons why I believe Kaspa can reach a target price of $0.35 by April 7th:
1) We have an ascending wedge starting April 2nd, 2023 from April peak to November 19th peak. This wedge will act as resistance once Kaspa hits the top of this wedge by April 7th.
2) We have two previous percentage increases (green box) 331% & 373% which when averaged out gives us a 352% increase for this next breakout.
3) We have a fib resistance at 2.72 extension when calculating from November 18th high to the low of January 12th, 2024.
4) Two last breakout averages take us to the 2.72 fib extension
5) The Fibonacci channel in red is also right at the target 2.72
1) We have an ascending wedge starting April 2nd, 2023 from April peak to November 19th peak. This wedge will act as resistance once Kaspa hits the top of this wedge by April 7th.
2) We have two previous percentage increases (green box) 331% & 373% which when averaged out gives us a 352% increase for this next breakout.
3) We have a fib resistance at 2.72 extension when calculating from November 18th high to the low of January 12th, 2024.
4) Two last breakout averages take us to the 2.72 fib extension
5) The Fibonacci channel in red is also right at the target 2.72
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.