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KAS/USDT: Altcoin with Promising FutureGreetings fellow traders! I'm excited to present my very first analysis on TradingView, and I couldn't have picked a more intriguing asset to cover than Kaspa. MEXC:KASUSDT is currently displaying bullish signals on the daily timeframe, primarily due to the formation of a clear double bottom. A double bottom is a positive chart pattern that occurs when an asset reaches a low point twice and then rallies again. This pattern is often interpreted as an indication of an impending market reversal and the beginning of a bullish trend. In addition to the formation of the double bottom, there are other factors contributing to the bullish outlook for Kaspa. One of these is the listing of Kaspa on multiple exchanges, including Uphold . This listing could lead to increased liquidity and demand for Kaspa, which in turn could result in a rise in the coin's price. Furthermore, there are strong rumors circulating that Kaspa will soon be listed on KuCoin , one of the leading top-tier exchanges. If this speculation proves to be true, it could have a significant impact on the adoption of Kaspa and drive up demand for the coin, resulting in further price appreciation. It's important to note that investing in cryptocurrencies is inherently risky due to the volatile nature of the market. Therefore, it's crucial to conduct thorough research before making any investment decisions and to have a sound investment strategy that aligns with your individual goals and risk tolerance. May the markets be ever in your favor!
Long
by UnknownUnicorn3327923
1
KASUSDT KASPAI recently came accross Kaspa coin when it was about to list on Gate.io ibought a small bag at 0.014 and ejoyed some profit. price is now at 0.037 i mapped some charts on it. Head and shoulder completed with the breakout and retest. completion of ABCD pattern done. PLUS Cypher patter in making which has the potential completion on 0.02434. I personally booked my Profit and will wait to price reach at this level to buy it back.. DYOR before investing Happy Trading guys.
by saadashrafawan
5
Curious how it feels like o be early for a party? $KASOpinion: Benefits of KAS: KAS has a focus on scalability, user-friendliness, and content creation, making it a unique cryptocurrency in the market. The KAS team has a proven track record of success in the blockchain industry, providing a strong foundation for future growth and development. KAS is designed to be eco-friendly while maintaining a Proof-of-Work (PoW) algorithm. Faster blocks and low energy intensive mining. (Unlike currencies like NGM:RVN ) Drawbacks of KAS: KAS faces competition from other cryptocurrencies with larger user bases and more established networks, which may make it challenging to gain market share. The KAS network is still relatively new, which means there may be limited adoption and resources for developers compared to more established cryptocurrencies. There is no guarantee of success for any cryptocurrency, including KAS. The cryptocurrency market is highly volatile and unpredictable, and investors should conduct their own research before making any investment decisions. How to use this chart: There is mounting evidence we could be entering a new market cycle. At this point in time, I do not find it enough to flip bullish or believe we are in a bull run. If we are in a bull run, all that changes is that we short higher, start using close only orders, and expect deep pullbacks to the 4-hour time frame. It is with this in mind that I have added the yellow lines. These are close levels, levels at which closing the order instead of shorting it makes the most sense. Until we have a clear market direction, I will be including these in my ideas. L = Long C = Close S = Short Notes on how I personally use my charts/NFA: Each level L1-L3 and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic. Just my personal way of using this. This is not intended or made to constitute any financial advice. This is not intended or made to constitute any financial advice. FED Macro Situation Consideration: All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over. NOT INVESTMENT ADVICE I am not a financial advisor. The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
Long
by TheBitcoinGeneration
Maximum point of this wave: 0.034542Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (KASUSDT chart) The largest measurable part of the current wave is the 0.034542 point. Therefore, if it rises above 0.034542, you should be cautious in trading until the next wave. (1h chart) Therefore, the key is whether it can rise with support around 0.029505-0.031822. If not, 1st: 0.026392-0.027106 2nd: 0.022125 (0.020556-0.023311) You need to check if it is supported in the vicinity of the 1st and 2nd order. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
2