Kaspa potential breakout to above orange line; 4 hrly chart.

2nd bullish divergence marker on the 4 hourly timeframe had appeared. Is Kaspa on the verge of breaking out above the short term green trendline?

If Kaspa successfully breaks out and then manages to retest ATH at ca. 20 cents, finding support above the orange long-term trendline, then it would have a chance to make its way towards above $1.

See the previously published full long-term trend lines here below.

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Breakout on the hourly:

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Successful retest on the hourly:

Loading up more on KAS again at this level.

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Update on the hourly..

Trade active

Support established..

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Waiting for breakout above 18 cents (blue line) from the inverse head and shoulder, with a measured move target at 32 cents.

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Redrawn iH&S:

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Just broken out and retesting the blue line atm..need to successfully hold above and close on the daily above to confirm. Setting stoploss below blue line, accounting for volatility.

cybernetwork

Related publications

KASPA key trendlines..

by cybernetwork

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