KAS zones for correctionKAS idea shared before but here is small updates MEXC:KASUSDT
Possible Targets and explanation idea
➡️W tf. Basic 3 drive pattern on a Weekly chart - bearish pattern
➡️M fvg like a magnet for correction
➡️Most likely we will test buy line on a W tf. and will close at least 50% fvg
➡️Leave 2 main liquidity pools around M fvg
➡️Money inflow indicator Bearish div marked on a chart
➡️Money outflow on a W chart
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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Kaspa
KASPA TECHNICAL ANALYSIS + TRADE PLAN 2024 BY BLAŽ FABJANTA+TRADE plan by Blaž Fabjan
Descending Triangle Formation:
A clear descending triangle pattern is observed with lower highs (resistance) and a horizontal support around the $0.14 level. This is typically a bearish pattern, but in some cases, it can lead to a breakout to the upside.
The current price is close to the triangle’s apex, indicating a potential breakout soon.
Support and Resistance Levels:
Resistance: The downtrend resistance line is around $0.145 to $0.15. A break above this level would indicate a bullish reversal.
Support: The horizontal support around $0.14 has been tested multiple times. If the price breaks below this, it could trigger a further decline toward the next major support at around $0.13.
Indicators:
Volume Moving Average Convergence Divergence (VMAC): There are visible divergences, suggesting that momentum might be building. The overall indicator seems to support a bullish divergence.
Relative Strength Index (RSI): The RSI is near the oversold region (~35.49). This suggests that selling pressure might be easing, and a reversal could be imminent.
Stochastic Oscillator: The stochastic is near oversold levels, which often precedes a bullish move if it crosses upward.
Hull Moving Average (HMA): The histogram is showing signs of reduced bearish momentum, with green candles suggesting a possible bullish shift.
Trading Strategy
Bullish Scenario (Breakout to the upside):
Entry: Consider entering a long position on a confirmed breakout above $0.145-$0.15 (the resistance line). This would signal the end of the descending triangle and likely lead to upward momentum.
Target 1: $0.17, which would align with the projected move from the triangle breakout.
Target 2: $0.19, a previous high and psychological resistance level.
Stop Loss: Place a stop loss below $0.138 to minimize risk in case of a false breakout or bearish continuation.
Bearish Scenario (Breakout to the downside):
Entry: If price breaks below the $0.14 support level with volume, it could signal a bearish continuation. Short positions could be considered in this case.
Target 1: $0.13, the next major support.
Target 2: $0.12, the next significant psychological support level.
Stop Loss: A stop loss above $0.145 (above the resistance) would minimize risk if the trade reverses.
To sum up:
The current technical picture is at a critical point with a descending triangle suggesting a potential breakout in either direction. The oversold conditions in the RSI and stochastic, along with possible bullish divergence, lean towards a bullish breakout. However, be prepared for a downside if the $0.14 support fails.
Monitoring the volume during the breakout is crucial to confirm the direction and strength of the move.
Kaspa technical analysis + trade plan (27.09.2024) by BFTechnical Analysis + trade plan by Blaž Fabjan
Chart Pattern: Falling Wedge (Uptrend Bias)
A falling wedge pattern is present, which typically signals a bullish reversal. In this case, the price seems to be nearing the breakout point of the wedge. The breakout direction is upwards, and this pattern typically leads to a price increase if confirmed.
Support and Resistance Levels
Resistance Line: The upper line of the falling wedge, acting as dynamic resistance.
Support Line: The lower line of the wedge, acting as dynamic support.
Volume
Volume levels indicate significant interest, especially when approaching a potential breakout zone. The volume profile shows that recent trading sessions have been accompanied by a spike in activity, which can be a good sign for momentum.
Indicators
VMC Cipher B (Divergences): This indicator shows divergence signals, indicating possible trend reversals. It appears to be bullish with green dots forming at key points, suggesting an upward move.
RSI (Relative Strength Index): The RSI is around 54.79, which is neutral but slightly tilting towards bullish. It suggests that the market isn't overbought or oversold.
Stochastic Oscillator: Around 75.24, this indicator shows a bullish cross, indicating momentum might be shifting upward, but it's approaching the overbought zone.
HMA+ Histogram: Appears to be indicating short-term momentum change as the trend might be shifting upwards.
Price Prediction/Target
If the falling wedge plays out as expected, the price could target higher levels, breaking the $0.165-$0.170 range. The chart suggests a further upward target in the next phase, as highlighted by the projected arrow and airplane symbol.
Trading Plan
Entry Strategy:
Buy on Breakout: If the price breaks above the resistance line of the falling wedge (around $0.166 or slightly higher), consider entering a long position.
Confirmation: Wait for at least a 4-hour candle close above the resistance to confirm the breakout.
Aggressive Entry: You could also enter once the price reaches near the support line but remains cautious if the breakout has not been confirmed.
Stop Loss:
Place a stop loss below the recent swing low or just under the support line of the wedge (around $0.160). This will protect against a potential fake breakout.
Take Profit Targets:
Short-term Target: $0.175 - $0.180 (the first major resistance after breakout).
Medium-term Target: $0.190 and beyond, as indicated by the chart.
Risk Management:
Avoid risking more than 2-3% of your total portfolio on this trade.
Adjust your position size based on the stop-loss distance and your risk tolerance.
Monitoring:
Keep an eye on the volume and the RSI levels. If RSI enters the overbought zone (above 70), consider reducing your position or securing profits.
Watch for any signs of a failed breakout, as this could lead to a sharp drop back into the wedge pattern.
Exit Strategy:
If the price fails to break out and starts to drop below the support line, exit the trade.
If the price hits the overbought zone on both RSI and Stochastic, it might be wise to secure profits at key levels mentioned.
Conclusion:
The overall outlook based on the chart suggests a bullish breakout is likely if the falling wedge pattern completes. This offers a good risk-to-reward ratio for a long position if managed carefully with proper stop losses and monitoring of key indicators like volume and RSI.
FACT0RN A Trend Reversal in Play After Strong Breakout Above 12$In March 2024, following its listing on MEXC, FACT0RN Fact experienced a significant price surge, skyrocketing from $4.77 to $110. After this explosive move, the token underwent a sharp correction, pulling back to $6.25.
However, a recent interest rate cut by 0.50 points in the U.S. triggered renewed market optimism. FACT0RN capitalized on this sentiment, climbing back above $12, breaching the key resistance level of $11.82. Both daily and weekly candles have closed above this critical level, confirming a trend reversal and hinting at further bullish momentum.
Key Statistics:
Total Supply: 681,298 Fact0rn
Current Market Cap: $8,215,091
What is FACT0RN?
FACT0RN is a unique Proof-of-Work (PoW) cryptocurrency that leverages integer factorization as the core of its mining competition. Unlike traditional mining methods, Fact miners are rewarded for advancing mathematical research, specifically by improving integer factorization algorithms. These efforts contribute to the real-world goal of phasing out outdated cryptographic techniques.
This innovative approach is what makes Fact a project with both immediate and long-term potential. Short-term traders benefit from its volatility, while long-term holders stand to gain from FACT0RN's growing reputation in both the crypto and academic fields.
KASPA USDT 4H CHART TA+price predictionHi! Today I will analyze Kaspa / Usdt chart on 4h timeframe and I will look up what's following in near future - price prediction. TA by Blaž Fabjan
The descending triangle is highlighted, signaling a potential bearish continuation or reversal.
1. Resistance is marked on the chart, suggesting that the price is struggling to break above that level.
2. Support is seen near the base of the triangle. If this support level breaks, a more significant downside is expected.
Indicators:
VMC Cipher Divergences: Suggesting a mix of bullish and bearish divergences. Current momentum appears bearish, as evidenced by the divergences. However, there could be a potential reversal, depending on the market structure.
RSI (Relative Strength Index): Sitting near the lower range (~42.77), which suggests that the asset is not yet oversold, but it's approaching a level that could present a buying opportunity if oversold conditions are met.
Stochastic RSI: It appears oversold (~42.35), indicating that a reversal or upward momentum might be due soon.
Price Action:
The chart shows a potential downward move towards the lower boundary of the triangle, which is marked with an emoji representing the target zone. A bounce from this zone may lead to a bullish breakout, as indicated by the upward arrow.
If the price falls below the triangle, the next support is likely around the $0.1500 level (as per the emoji), with a possible further decline if that level is breached.
Volume:
The volume appears stable, but no significant spikes indicate a strong trend change or momentum yet. Low volume during a potential breakdown would suggest a weaker move, while a volume spike could confirm the breakout/breakdown.
Trading Plan
Short-Term Outlook (Bearish Continuation):
Entry: If the price breaks below the current support at ~$0.1600, short positions could be considered, targeting the next support near $0.1500 or lower.
Stop Loss: Set just above the resistance level, around $0.1700, to minimize risk.
Target: Short-term targets would be $0.1500 (first support), potentially moving lower depending on market conditions.
Bullish Reversal (Medium- to Long-Term Outlook):
Entry: If the price bounces off support (as indicated by the chart), wait for confirmation of a reversal before entering. Look for a close above $0.1700 as a bullish sign.
Stop Loss: Set below the triangle's lower boundary at ~$0.1550.
Target: First target could be around $0.2100, following the chart’s indication of a potential sharp upward movement. Breakouts from descending triangles often lead to significant upward momentum.
Confirmation:
Wait for confirmation of direction either through volume increase or a clear breakout from the triangle. Trade cautiously within the triangle as price movements could be choppy.
In summary, the chart suggests a possible short-term bearish movement towards the $0.1500 level, followed by a potential bullish reversal. Watch for breakout confirmation and act accordingly based on the defined trading plan.
KASPA - Long into OctoberKASPA is still maintaining pretty bullish structure, the recent FED rate news will probably push some money back into stocks and crypto over the next five weeks or so. Close to neutral on DegenerShift, coming down out of peak greed levels. I'm targeting 0.22 and would like to see KAS stick the landing above 0.20. I think KAS will at least test this.
KAS/USDT Trading ScenarioThe KAS’s price chart continues to follow an upward trend, with the trendline successfully acting as a support level four times, indicating its significant strength. From a volume profile perspective, the current asset price is in a zone of heightened market participant interest, with a key volume level POC at $0.16833.
After the news about a potential Fed rate cut, a short-term correction is likely, as the market has probably already priced this event in. In this case, we may see sell-offs following the news release. However, in the long term, growth potential remains, with the trendline, once again being tested, serving as a possible reversal point.
KASPA Nearing Breakout Point
Shifting to a shorter timeframe:
Rising on a bullish trendline, KASPA is making a bullish triangle pattern. If it crosses the breakout point, the take profit will be at $0.2-0.22.
However, to start its bullish trajectory, it must break above the converging EMA (100, 200) on the 4-hour chart.
KAS - Neutral to slightly bullish next week.KAS - KAS must maintain 0.16382 to maintain bullish structure with a possible move to 0.19. If it invalidates, I expect it will move out of the short-term bullish channel and retest the lower end of the longer-term bull channel - so it could go as low as 0.14 or even 0.12. Overall - Neutral to Bullish until we see invalidation of bullish structure.
KAS - Slightly bullish, make or break in the next few daysKAS - Slightly bullish. MACD coming back to neutral, despite recent selling pressure and bearish divergence. KAS is still staying within the larger bull channel and held at the 0.12 cent level, so I expect a possible bounce to 0.17 before coming back down to the 200 DMA. If we hold at the 0.14 level, I foresee KAS testing the shorter bull channel lower bound which is now resistance.
If KAS does not hold at the 0.14 level over the next few days, I expect it will test the bottom of the larger channel which is in the 0.12 cent range. In that case, it might bounce off the bottom of the channel keeping in the bullish structure but a death cross can push KAS out of that channel quickly on failure.
Kaspa (KAS) Long-Term Spot Trade SetupMarket Correction Impact:
Kaspa has retraced 40% following the market correction this weekend, breaking back into its range.
Historical Significance:
Historically, such retracements with KAS have marked local bottoms on the chart.
Price Action to Watch:
If the price pulls back this week to fill 50% of the wick left behind on yesterday's daily candle and retests the mid-range support area along with the 200-day EMA, this will offer a great zone to DCA (Dollar Cost Average) into a long-term trade on KAS.
Trade Strategy:
DCA Entry Zones:
Primary DCA Entry: $0.14
Secondary DCA Entry: $0.10 (in case BTC pulls back further)
Summary:
Keep an eye on Kaspa's price action, especially around the mid-range support area and the 200-day EMA. Prepare to DCA into long-term positions at $0.14 and $0.10 to capitalize on potential market recoveries.
#Kaspa #KAS #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Trading #SupportAndResistance #LongTermTrade #DCA #200DayEMA #MarketCorrection
Alt Coin Holders are about to become RICH! ALT SEASONBitcoin dominance is topping out and is ready to shed dominance across the market!
Expect a hard drop! If the bottom of the wedge is broken then we can expect a major alt cycle!
I hope you're READY because alt coins are where the BIG MONEY will be made!
Use non-kyc exchange TradeOgre, here is my list of coins to accumulate now!
GHOST DAG Coins / $:CAS $:NXL $:SDR $:NTL $:HTN / Tickers are not on trading view
All coins across the market will rally together when the dominance melts! My eyes are set on projects that utilize Ghost DAG, Similar to $KASPA
KASPA / USDT 4H TIMEFRAME MEXC TECHNICAL ANALYSISFalling Wedge Pattern:
The chart shows a falling wedge pattern, which is a bullish signal. This pattern suggests that the price might soon reverse and move upward.
Oversold Conditions:
The RSI and Stochastic RSI indicators are in the oversold zone. This typically means that the asset is undervalued and could see a price increase soon.
Volume Spike:
There's a noticeable increase in trading volume as the price reaches the bottom of the wedge. This suggests strong buying interest and supports the idea of an upcoming upward move.
Potential Price Target:
If the price breaks out of the wedge, it could move toward the $0.22 to $0.24 range, as shown by the projected arrow on the chart.
Conclusion:
The chart suggests a potential bullish reversal. If the price breaks above the wedge, it could lead to a significant upward move. Keep an eye on the breakout level and consider managing risk by setting a stop-loss below the recent low.
This analysis highlights the key factors indicating a potential price increase for the KAS/USDT pair.
Trendline Trading Strategy - MAJOR Correction for $KAS THE TREND IS YOUR FRIEND,
until it isn’t.
This is literally the easiest trading strategy that even a monkey can figure out.
Find the major Trendline, and if it breaks, either
A) Sell Your Position
B) Open a Short
Case in point:
Seems like pretty much every coin has broken its trend, but I spent some time last night before bed seeing what was still holding up.
Spotted CRYPTOCAP:KAS
Putting it in context with the rest of the market nuking, I knew Kaspa was one of the last of the Mohicans so I opened my 3x Short.
Today I wake up, and see it broke trend on the 4hr which gives us data for the next 3-5 days / 6-8 trades per month.
P.S. YES that’s Bearish Divergence.
~JK
Kaspa - BullishKaspa - Bullish. Kaspa has been green in a sea of red this past week, still very bullishon the daily with a healthy pullback.
-Tested the top of the long-term bullish channel which started 11/04/2023.
-Moving with the more recent bullish channel starting 5/1/24.
-Keeping with the long-term trendline with a healthy pullback to 0.18269 (keeping with trendline)
-Pullback from the highs of 0.2078 on 8/2/24, matching up with when it was overbought on the MACD.
-Pullback on 8/2/24 coincided with peak fear on the fear & greed index, coming out of peak greed zone toward neutral 8/3/24.
I think KASPA will hold at 0.1859, or possibly tag the bottom of the bullish channel (which it historically likes to do) at 0.1802 before moving to retest the top part of the long-term channel and advance out of that while in the short-term bullish channel to 0.2233. I especially think this will be the case if the wider crypto market is still bleeding on 8/3/24 when the US session gets started.
Invalidation would be if on 8/3/24 we see a sustained pullback below 0.1802.
#Kas 1W chart; Is the MM manipulating?CRYPTOCAP:KAS 1W chart;
It has managed to surpass the Ath level high it reached in February 2024 4 times but failed to close above it.
With its performance since the beginning of this week, it has managed to reach an all-time high.
However, it is obvious that MM is manipulating here.
Even if it closes above this level, the negativity on the RSI side shows us that a decline may be coming.
Therefore, a decline of about 25% would not be a surprise. ⏳
KASPA gearing up for new ATH?KASPA is one of the outperforming altcoins that we've seen in the past weeks
If we look on the top crypto performance rankings, KASPA's price is going absolutely banana
Notice how healthy the trend is, it's consistently creating a bullish bases hitting ATHs
If price can stay above .20, it could easily spike up to .24 area before we see a substantial pullback down into demand zone .14 area
KASPA - Bullish!KAS - MACD is still showing room to run and KASPA hasn't reached peak greed on the fear and greed index. KAS breached the important psychological level of 0.20, even during wider market turmoil on the 30th. So far...no major bearish divergences!
My initial TP level from previous charts was 0.21 however, based on the indicators and interest in this coin I'm amending TP levels to 0.25, and 0.34. Invalidation will be when we see strong bearish divergence but so far, still looking incredibly strong on daily, weekly, monthly charts.
This is the kind of chart I really like, long-term steady growth with overall wide organic market accumulation. Honestly, it reminds me a lot of BTC in the early days in terms of it's long-term growth pattern and steady accumulation. I don't think larger exchanges like CB can ignore this coin for much longer.
KAS - Still bullish, important candle close SundayKAS 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.
KAS - Still long, expecting consolidationKAS is still consolidating between the 0.17 to 0.18 cent range which I like for potential action up to 0.21 or higher. We recently hit a pocket of greed, so we could see a larger pullback any day now. KAS also likes to touch the bottom of the channel and the 50DMA so look for a potential dip to the 0.16 range if the overall crypto market turns red in the early part of the week. If BTC sustains upward momentum, I'm targeting a TP level around 0.21 or 0.22 still. My buy area was 0.10 to 0.11 though, so if we fail to hold at 0.16 I might TP at 0.15768, or take partial profit just to lock in some gains.
KASPS #KAS don't be surprised if it hits 20c by ChirstmasI already have one target that's outstanding @14.3c
But as you can this breakout move is actually after 7 months consolidating in a rising bullish pennant.
This train is leaving people behind and people may jump off the train after achieving 40-50% returns. --- scarred by the bear market , but actually missing the Multiples that this move is making.