KAS showing strength, could be about to break out
Are we ready for an explosion in KAS price? After playing around with the long-term blue support line (lower bound of an ascending channel on the log chart), and simultaneously bouncing off the upper bound of a previous consolidation zone (green rectangle in left chart), KAS looks like its still building strength. Its now attempting to break out from a shorter term descending wedge/potential bull formation. The next few days or even hours could be instrumental in whether KAS enters another big movement up. The daily stochastic briefly touched the oversold region two days ago and has flipped back up which is potentially bullish. With hash rate increasing, and price proportionally much lower currently (since it's generally correlated to hash rate), this also is a very positive sign.
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