KASUSD: Initiated the new rally phase to 0.1100KASUSD / Kaspa recovered the recently lost Support of the 1day MA50 and almost reached the August 7th High.
With the Rising Support holding, the long term bullish trend is intact.
Based on a similar rise since the start of the year, the price is just starting the new rally.
Buy now and target the 2.618 Fibonacci extension at 0.11000.
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KASUSD
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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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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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.
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.
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KASUSD This is how Kaspa can reach 0.1000 in August.Kaspa / KASUSD is rising today after approaching the 1day MA50.
At the same time, the 1day RSI bounced on a Rising Support in a way similar to January 31st.
As you see, Kaspa's price action is so far cyclical. A vast rise corrects to a Fibonacci level then a Channel Up leads the price to the next price jump.
As long as the 1day MA50 holds, buy and target the -0.382 Fibonacci level at 0.1000 projected on the next rally.
Previous chart:
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Kaspa (KAS) Is Building a BaseTLDR:
• Kaspa has been moving in an upward sloping channel since October 2022.
• Kaspa Dropped below the channel on May 20th and tested the channel trend line as resistance twice.
• Regardless, this is a base building period and upside is still on the table.
Probable Scenario:
• IMO, it is more likely that KAS will find support at the 0.382 Fibonacci retracement, the 0.02 USD leve,l and push back into the trend channel.
Worst case Scenario:
Worst case scenario for KAS is to drop a parallel channel and hit the Range Low at 0.012 USD.
KAS Coin (Kaspa) - TA and Price PredictionAnalyzing a coin with a short price history is a challenge. In TA we analyze an asset based on past performance and try to project what this past performance may mean for future performance. A coin without a significant past PA is tricky. However, because of it’s incredible PA recently and because of this asset’s fundamentals I will follow it closely and share setups as I see them.
Support:
• Currently KAS found support at the 0.011991 USD level. It was also oversold on the RSI daily and reacted nicely to it. It is still too early to say if the current downtrend is over.
• If the 0.1191 level doesn’t hold it may find support at the 0.009161 level. Note that price usually tends to go back to unfilled wicks, so it is not out of the question.
Resistance:
• 0.022522 USD. Previous HL.
• 0.033101 USD. Previous LH.
• 0.043301 USD. ATH
Accumulation Range:
IMO, any price between current price and 2 cents is good for long-term accumulation.
Price Prediction:
Kaspa is a young asset. The Kaspa blockchain (DAG) still has a lot of development to make. KAS’s Price history also makes it difficult to extrapolate future price. However, we know that this kind of asset can make an astonishing PA if the stars align.
If we take a fib extension from previous low to high, we can see that KAS’s ATH was between the 1 – 1.272 fib extension. Assuming that the next ATH will be between these fib extensions, our price target is roughly between 12-22 cents. Astonishing as it may appear to be, in crypto everything is possible.
If we copy the fractal of Kadena’s meteoric rise during the previous bull market and apply it to Kaspa, we get a price target much higher, but we need to take it with a grain of salt. We are not in a bull market, yet.
Reservations:
This is a high risk, high reward trade. It can be an extremely profitable trade, but it can also fail miserably.
This is a long-term trade. It may take months or even a year before my price target is achieved.
NFA.
Feedback will be appreciated.
Best wishes to all.
KASUSD Best buy opportunity over the MA50 (1d).KASUSD continues to be supported by the MA200 (1d) exactly at the bottom of the Channel Up.
The MA50 (1d) behaves as Resistance, containing the price under it since May 6th.
Trading Plan:
1. Buy if a (1d) candle closes over the MA50 (1d).
Targets:
1. 0.0800 (Fibonacci 1.5 level, which was a Higher High on the previous MA50 breakout).
Tips:
1. The RSI (1d) is on a pattern that looks very much like the December-January bottom. It is even above the MA trendline, which serves as an additional reason to expect a bullish breakout.
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Notes:
Past trading plan:
Maximum point of this wave: 0.034542Hello?
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(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.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
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** This is a chart created with my know-how.
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KASUSD Little more room left on this rally.KASUSD/ Kaspa is rallying on a Rising Support. The 1day MA50 is also supporting for the past 2 months.
The RSI is also on a Rising Support, indicating no divergence form the prevailing bullish trend.
Target 0.0300, which as on the October/ November rise, it represents a +650% rise on the 2.382 Fibonacci.
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KASUSD Strong rise on the MA50 (4H)KASUSD is holding and is rising on its MA50 (4H).
Its Bull Flag succesfully broke to the upside.
Both of the above can be also seen on the November 6th-8th Bull Flag, which broke upwards and reached the Fibonacci 1.5 extension.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 0.02500 (Fibonacci extension 1.5).
Tips:
1. The RSI (4H) also forms a sequence identical to November.
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