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Kaspasignals

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. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:KASUSD
by TradingShot
6
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.
Short
by The3eyedFrog
1
KASUSD Can reach $0.10 in August.Kaspa (KASUSD) continues rising after a rebound on the 1D MA50 (blue trend-line) 10 days ago. Its movement appears to be highly cyclical since it first started trading and we are at the start of the bullish run of the 3rd Cycle. As long as the 1D MA50 supports, we are long and target 0.10 which is lower than the previous +900% rise but falls within a potential Channel Up that may be established, as each Cycle appears to be getting weaker. Also the Cycles appear to be highly symmetrical as, based on the 1D RSI, we have completed the first kick-start phase of the run, similar to February 07. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:KASUSDLong
by TradingShot
3