KASUSD: Above the 1D MA50, confirmed new rally.KASUSD crossed over the 1D MA50, which has been the Resistance last week, and on a bullish 1D technical outlook (RSI = 63.474, MACD = 0.006, ADX = 30.066) is extending the rise after making on September 5th a bottom on the long term Channel Up. The technical target is the 2.5 Fibonacci level (TP = 0.10500).
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Kaspa
#KAS/USDT 4h (ByBit) Broadening wedge on resistanceKaspa is facing 200MA where it already got rejected once, seems likely to retrace down to 50MA support.
⚡️⚡️ #KAS/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (6.7X)
Amount: 5.0%
Current Price:
0.03945
Entry Targets:
1) 0.04020
Take-Profit Targets:
1) 0.03540
Stop Targets:
1) 0.04260
Published By: @Zblaba
$KAS BYBIT:KASUSDT.P #Kaspa #L1 #PoW kaspa.org
Risk/Reward= 1:2.0
Expected Profit= +80.0%
Possible Loss= -40.0%
Estimated Gaintime= 4-8 days
Lowest risk entry on KAS - BULLISHKaspa currently finds itself at the bottom of the ascending channel, which has been a consistent support level.
Also near the bull market support band (20/21 week sma/ema), which has also been a support level.
Holding until the top end of the channel would provide nice ROI from an entry from this level if it holds again.
We also have a cup and handle (with a higher handle) that is still playing out.
KAS vs Early BTC: The Ascending ChannelYou can see here that the ascending channel that $KAS finds itself in is very similar to the early channel that BTC traded in before breaking out to $30.
If Kaspa repeats something similar, as it already is doing, it could lead to an epic move north of $1.00 USD.
KAS also consistently bounces off the 20/21 week SMA/EMA as has always done during a bull rally (green and red lines).
Any touches of those moving averages are strong buys, as far as I'm concerned. I'm not sure we will get a touch again in the near term, as the bottom side of the channel may hold as support.
It seems like we are in a deep value zone right now.
Previous monthly ATH close was around .0324, and that has held so far (not shown here). Also confluent with the bottom of the channel.
Downside is limited IMO. Bullish.
Kaspa vs Early BTC: Ascending Channel Breakout to $1.50+You can see here that the ascending channel that $KAS finds itself in is very similar to the early channel that CRYPTOCAP:BTC traded in before breaking out to $30.
If Kaspa repeats something similar, as it already is doing, it could lead to an epic move north of $1.00 USD.
KAS also consistently bounces off the 20/21 week SMA/EMA as has always done during a bull rally (green and red lines).
Any touches of those moving averages are strong buys, as far as I'm concerned. I'm not sure we will get a touch again in the near term, as the bottom side of the channel may hold as support.
It seems like we are in a deep value zone right now.
Previous monthly ATH close was around .0324, and that has held so far (not shown here). Also confluent with the bottom of the channel.
Downside is limited IMO. Bullish.
KASPA kas/usdt (Head and shoulder) ?In trading, the term "head and shoulders" refers to a popular chart pattern used in technical analysis to predict potential trend reversals. The head and shoulders pattern typically forms after an uptrend and is considered a bearish reversal pattern. It consists of three peaks or highs, with the middle peak (the "head") being higher than the two surrounding peaks (the "shoulders"). Here's how the pattern is typically identified:
Left Shoulder: This is the first peak and occurs during an uptrend.
Head: The highest peak of the pattern, representing a brief consolidation or continuation of the uptrend.
Right Shoulder: This is the third peak, usually lower than the head, and forms after a minor rally from the head.
The pattern is considered complete when there is a confirmation of a trend reversal. Traders often look for specific criteria to confirm the pattern:
Neckline: Draw a line connecting the lows of the left shoulder and the right shoulder. The neckline serves as a key support level.
Breakdown: A breakdown occurs when the price of the asset falls below the neckline, indicating that the pattern is valid and a trend reversal may be underway.
Volume: It's common to see a significant increase in trading volume when the breakdown occurs, confirming the pattern.
Once the head and shoulders pattern is confirmed, traders often use it as a signal to open short positions (sell) or to close long positions (take profits) in anticipation of a bearish move in the price of the asset.
It's important to note that while the head and shoulders pattern is a widely recognized and studied technical pattern, it is not foolproof, and false signals can occur. Traders often use additional technical analysis tools and indicators to confirm their trading decisions and manage risk.
In summary, the head and shoulders pattern in trading is a bearish reversal pattern that forms after an uptrend and is characterized by three peaks, with the middle peak (the head) being higher than the two surrounding peaks (the shoulders). It can be a signal that a trend reversal is imminent, but traders should use additional analysis and risk management strategies when trading based on this pattern.
Trend reversal coming soon, Bearish KASusdt/KaspaThis analyse is ANTI FOMO/FUD, this ananalyse is realistic. I hear stories from KASPA believers that Kaspa will defeat Bitcoin, that it will only go UP. we heard those stories million times with other projects, just to mention Luna, Solana, matic, FTT and so many more. what did they ALL HAVE IN COMMON? they ALL DUMPED.
So now, i look at kaspa, i see LOW volume, i see overbought RSI, i see bearish divergence, i see more than 30,000% price increase, i see almost 1 year of uptrend, this is all SIGNS of exhaustion and signs of TREND REVERSAL. nothing goes UP forever, when you see indicators flashing ALERTS, its time to LEAVE.
i predict with GOOD market condition and stable BTC, kaspa MAY STILL go to around 0,055 or 0,08 MAX.
BE CAREFUL. #kasusdt #bitcoin #kucoin #MEXC #kaspa MEXC:KASUSDT KUCOIN:KASUSDT COINEX:KASUSDT
RUNEUSDTIf this labeling is correct, we can expect the short-term growth of this currency in the form of a hypothetical wave B.
It goes without saying that the current four-hour candlestick can be the final confirmation of this scenario..if it closes like this..
We know that wave B will be time-consuming and complex and can be in any form.
Trading in corrective waves is always associated with high risks and risks, so we must have capital management and a moving stop.
Taraxa: 10x or -40% - or both?Taraxa is a BlockDAG coin like Kaspa ($KAS). $KAS has aroused interest in similar coins with its enormous price gains in recent months. Whether it's right or wrong in the case of Taraxa remains to be seen. In terms of charts, there is a relatively clear picture.
If NASDAQ:TARA successfully holds the $0.0060 level, I expect a return to the last high of $0.015. If the price breaks through this resistance, the markers in red are guide values for TP levels (levels, not points!).
If NASDAQ:TARA fails to hold $0.006, the $0.0035 to $0.0041 area is a very good area to accumulate.
If the price falls below this level, I will sell and only buy back after a successful return above $0.0041.
NFA. DYOR. I am a human being, and I have been married three times, so I'm obviously prone to error.
KASUSD Rebounded on the 1D MA50 but needs this level asap.Kaspa (KASUSD) is on the 4th straight bullish 1D candle following an exact rebound on the 1D MA50 (blue trend-line). This was the initial bullish signal after a 10 day correction within the Channel Up pattern that started on the May 24 bottom. That was also the bottom of the larger long-term Channel Up.
A similar sequence got rejected on the 0.618 Fibonacci retracement level on April 28 and eventually extended the decline to the -1.0 Fibonacci extension and hit the 1D MA200 (orange trend-line). As a result, if the price closes a 1D candle above the current 0.618 Fib, we will buy the break-out and target 0.1200 long-term (+900% from the May bottom). If it fails on the 0.618 Fib, we will sell and target the 1D MA200 at 0.02700.
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Kaspa/USDT Bearish Divergence on Weekly WITH DOUBLE TOP?!PLEASE READ CAREFULLY:
Bearish divergence is typically recognized through the following characteristics:
Price Highs vs Indicator Highs: In an uptrend, the price of an asset tends to make higher highs, indicating increasing buying pressure. However, if during this time, the indicator (e.g., RSI or MACD) fails to make higher highs and instead forms lower highs, this creates a bearish divergence.
Signaling Potential Reversal: Bearish divergence signals a potential weakening of the ongoing uptrend and can suggest that the buying momentum is fading. It might indicate that the uptrend could be losing steam and that a trend reversal or a corrective move might be on the horizon.
Confirmation Required: It's important to note that bearish divergence alone is not a guaranteed signal of a trend reversal. Traders and analysts usually wait for additional confirming signals before making trading decisions. This could include looking for candlestick patterns, trendline breaks, or other technical patterns that align with the potential reversal.
Here's a simple example:
Imagine you are looking at the price chart of $KAS which has been in an uptrend. The price makes higher highs, reaching new peaks. However, when you look at the RSI indicator, you notice that it's not making higher highs and instead is forming lower highs. This discrepancy between the price movement and the RSI is a bearish divergence and might suggest that the bullish momentum could be waning.
Keep in mind that while bearish divergence can be a useful tool in technical analysis, it's not foolproof, and false signals can occur. It's important to use it in conjunction with other technical indicators, fundamental analysis, and risk management techniques to make informed trading decisions.
KASUSDT at daily support, likely to head to 0.03745The price has come back again to the daily support DS1 which was also the target of our last two short trades. I think the price is likely to bounce from here towards 4h resistance zone 4HR1. I think a long is favorable here with a target of 0.03745. Lets try this long.
KASUSDT at 4h resistance, likely to head downThe price has bounced well from the daily support DS1 which was our target for the last short trade. We did not take any long though it was a good opportunity for going long. However, now price is coming close to 4h resistance 4HR1 area. I think this zone shall resist the price and push it down again towards the daily support zone. Since the price has strength moving upwards, I will keep the size small for this short trade.
KASUSDT likely to head to daily support 0.034-0.035The price bounce from hourly support HS1 and hit the hourly resistance HR1. The price is likely to move further down from here towards daily resistance DS1. This makes a short trade favorable here. The target of this short trade should be the daily support DS1 around 0.034-0.035. There is another large time frame idea of the price heading towards weekly support but thats not presented here as we would like to do multiple trades here and therefore, trading mid time frame levels.
Kaspa (KAS) – Inverse Head and shoulders. 0.04 USD Is in Sight. * In my previous TV idea, I revealed my notion that Kaspa is forming a Cup and Handle pattern with a target of 0.15 USD (I use a log scale).
* Although this Cup and Handle is not complete yet, Kaspa is forming an Inverse Head and Shoulders which gives me more confidence that this Cup and Handle formation will eventually materialize.
* Of course, this prediction business is highly speculative, but I wanted to share, and you can come to your own conclusions.
NFA.
What do you think? Please share in the comments.
Best Wishes.