KAS - Still bullish, important candle close Sunday
Updated
KAS followed my charting and projected path very well over the last couple weeks (I haven't adjusted the path in over a week). We still have nice momentum on the MACD, it is down from peak greed on the daily and looks to be hooking back towards greed which is nice. Nothing too concerning on the shorter timeframe charts, normal market action. I'll be watching the close Sunday to see if we close above the mid-line of the upward channel and avoid a hammer candle which could indicate a reversal. TP level 0.1908 to 0.21. Moving my SL up to ensure I can retain profits. If overall bullish action in the wider crypto market persists next week I'm still bullish.
Note
Nice consolidation, still seeing buyers on MACD and we came down slightly from peak greed, took a break, and will probably go back up.
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.