Kaspa: Bull Flag, waiting for the next leg up.

Accumulation of KAS from BTC and ETH completed.

KAS vs BTC looking strong, supported by the golden pocket.

Presently seeing a bull flag setup on the hourly timeframe.

Expecting KAS to perhaps retest the golden pocket ~61.8-65% Fib retrace lvl, before breaking above the blue resistance line..

Trade active

Short timeframe hourly chart. Bull flag, waiting for potential breakout from golden pocket fib retracement range. Set stoploss below 65% fib retrace lvl, accounting for volatility. Hardly a crash, just a healthy retrace so far. Also, look at the series of bullish divergences that have formed again at the current level of correction.

Note: Adjusted lower the base (100%) of the Fib retracement level drawn.

Trade closed: target reached

LOL!

Note

Breakout, buy order fulfilled.

Note

Seeing the amount of extremely strong emotional negative posts everywhere (probably by those who had sold the bottom) -- with the hope that KAS would continue on a downward trend so as to minimize any sense of "regret" -- KAS pumping hard instead would be extremely painful and a "hated pump"; which is usually the perfect catalyst for an impending pump coming up.

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Furthermore it would be extremely unwise to short a chart with bullish divergence(s) showing up consecutively everytime its price heads slightly lower.

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Long term trends that I am monitoring.

cybernetwork

Related publications

Waiting to convert some ETH into KAS.

by cybernetwork

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