KASPA double cup and handle breakout imminent?
Updated
Waiting for breakout above green line for confirmation.
Three tries previously before finally breaking out and going parabolic..
Three tries previously before finally breaking out and going parabolic..
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Bullish breakout didn't occur. Holding on to dry powder to accumulate lower.Presently KAS have hit the bottom of the green box. If KAS fails to recover above the green 50 SMA, confirming the rejection by the 50 SMA instead, then the next level is around the $0.035 measured move target as shown below for an opportunity to accumulate at a much lower price instead!
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Zoomed out view to see the volume profile levels where the light blue line was set at:Note
KAS returns above the red 21 EMA as well as the green 50 SMA on the hourly.Good place to drip in to KAS just a little bit here.
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Failed to hold above the hourly 21 EMA, and confirmed the 38.2% Fib level as resistance. Next short-term measured move target is the 61.8% Fib level.Note
Hourly Chart:Bounced off the green 50 SMA on the hourly.
Now appearing to be supported above the red 21 EMA and the orange 200 SMA.
Dripping a bit more into KAS.
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UPDATE:Been DCAing more aggressively into KAS since it bounced off 0.0451 USD, and will continuing to do so below 0.05 USD. Setting stoploss accordingly (not shared).
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KAS has finally broken out significantly above USD 0.05!End of accumulation/
Although, if KKAS retraces to retest USD 0.05, this would pose another golden opportunity for a final stacking up of KAS.
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