Kaspa Yin Yang pattern for 2025 target $6.42Kaspa Yin Yang pattern for 2025 target $6.42
I am giving this post a new name for a chart pattern which I am calling the Yin Yang chart pattern. This pattern is based on the curves of the Yin Yang pattern and not really on the philosophical aspects or traits that it illustrates.
I know this may sound strange and I had to try to contain the excitement over this possibility. Maybe some of you professional technical traders can enlighten me as I need it so many times when looking at the charts.
What we are looking at is a Fibonacci Retracement from the high price of Kaspa on July 31st, 2024 to the high of June 3rd, 2022. On June 3rd the price of Kaspa was at $0.00062 while the price on July 31st, 2024 was at $0.20781. When we apply the fib retracement we get a fib zone of 1.618 at a price target of $6.42. The interesting thing that shocked me was I posted on X back in 2023 that Kaspa would hit a target price of $6.42 and I based this on several metrics on mining and hash power plus price for both BTC and Kaspa which gave me this crazy $6.42 target. Today is when I decided to plot the Fibonacci zones and to my excitement the 1.618 was right on the price that I came up with back in late 2023. I wanted to share this post so that we can see if this will even happen. This is all speculative but fibonacci numbers are pretty solid targets to consider when looking into future price action.