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Kaspa / USDT

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KASUSDT trade ideas

Kaspa Potential Buy Level - Sell Zones Technical EvaluationWe Have had alot of requests lately to chart this asset, currently, I would not recommend buying this token until it crosses some pivotal levels outlined in the chart, or it drops to my buy level. The R/R level on this asset is just not to my liking, I would recommend setting alerts or limit orders at my target buy-in level ($.09229) Here is a breakdown of the prices outlined in my chart. Heavy Support level: .08811 Target Buy-in Level: .09229 Major Resistance: .11128 Target 1 Sell-Level: .12586 Major Resistance level 2: .17181 Target 2 Sell-Level: .18673 Minor Resistance level: .20994 Target 3 Sell-Level .30886 Now for some fundamental analysis on Kaspa At the current moment in time there is a ton of misinformation reg arding this coin going on, For example a large amount of bag holders are exclaiming "A binance or Kucoin listing is surely around the corner" and "This whale wallet buying and moving all this CRYPTOCAP:KAS is actually Binance" The latter can be disproved with 5 minutes of internet surfing and a tiny bit of logical deduction, The so called "binance wallet" interacting with this large amount of kaspa is actually Kucoins Kaspa holdings and it has been steadily decreasing since December 21st coinmarketcap.com The desperation of bag holders who missed the top is a negative factor contributing to the downward trend in CRYPTOCAP:KAS we have witnessed recently, which is why I am waiting for a solid entry point before actually entering this position. I recommend you set alert levels at my Potential buy-in level 1 and Major Resistance 1 and Target 1 sell-level. Here is a bit of General information about CRYPTOCAP:KAS (Referenced from coinmarketcap) Kaspa is a proof-of-work (PoW) cryptocurrency which implements the GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG does not orphan blocks created in parallel, rather allows them to coexist and orders them in consensus. The Kaspa blockchain is actually a blockDAG. This generalization of Nakamoto consensus allows for secure operation while maintaining very high block rates (currently one block per second, aiming for 10/sec, dreaming of 100/sec) and minuscule confirmation times dominated by internet latency. The Kaspa implementation includes a lot of cool features such as Reachability to query the DAG's topology, Block data pruning (with near-future plans for block header pruning), SPV proofs, and later subnetwork support which will make future implementation of layer 2 solutions much easier.
by Helios_Capital_Investment
KAS LOOKS BEARISHThe KAS symbol is close to a supply resistance range Considering that it is a bearish structure, it is expected to be rejected from this supply downwards. I specified the targets on the chart. I also specified the invalidation level. Closing a 4-hour candle above this level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
2
Kaspa Cycle OutlookIn the not-so-distant future, we anticipate a retracement in Kaspa's price. Currently, we observe an upside potential of 10% to 15.5c, contrasted with a downside risk ranging between 4.2c to 6.4c. Notably, we have yet to retest the previous all-time high (ATH) at 5.4c, making it a significant target to keep an eye on. On the daily chart, the RSI peaked at over 90 when the price touched 9.9c. However, with the price now at 14.2c, the RSI has only dropped to 87, signaling bearish divergence on the daily timeframe. Similarly, the weekly RSI stands at 87, suggesting that we may be closer to a market top than currently perceived. This RSI momentum decline is also evident on the 4-hour timeframe, reinforcing the likelihood of an impending shift in market sentiment. Depending on the pace of this decline, we project the 200-day exponential moving average to reach approximately the 5.4c level by mid-December. If the decline takes longer, we could anticipate it around 6.4c in late January. Our trendline support is indicated by the blue line, with potential target levels marked as small green boxes, specifically at 5.4c and 6.4c. Traders should monitor these levels closely as they could play a crucial role in future price movements.
by CyberNetGain
8
2024 Kaspa Outlook: A Tentative ForecastIntroduction: As we set our sights on the year 2024, it becomes imperative to gain a deeper understanding of the potential time horizon and price expectations that may unfold over the course of this pivotal year. In the ever-evolving world of cryptocurrency and financial markets, it's a challenging yet essential endeavor to make informed projections. Let's embark on a journey of exploration, attempting to sketch a tentative roadmap for the year 2024. Assessing the Year Ahead: In the fast-paced and highly speculative realm of cryptocurrencies, forecasting future price movements requires a blend of careful analysis and educated guesswork. While it's impossible to predict with absolute certainty, we can attempt to outline a plausible scenario that may play out during the year ahead. Price Expectations: Considering the historical volatility of the crypto market, it's reasonable to anticipate significant price fluctuations in 2024. Market sentiment, macroeconomic factors, technological developments, and regulatory changes will all contribute to shaping the price trajectory of various cryptocurrencies, including Bitcoin, Ethereum, and others. One possible scenario could involve continued adoption of cryptocurrencies by mainstream financial institutions and corporations. This institutional interest could drive prices higher, especially for well-established cryptocurrencies with a track record of stability. Additionally, advancements in blockchain technology and DeFi (Decentralized Finance) applications may attract further investment and fuel price growth. On the flip side, regulatory actions by governments worldwide could introduce uncertainties and create headwinds for the crypto market. Increased scrutiny and potential restrictions on crypto exchanges, wallets, and transactions could lead to price corrections. It's essential to keep a watchful eye on evolving regulatory landscapes. Time Horizon: In terms of the time horizon for 2024, it's crucial to recognize that the crypto market operates in distinct cycles. These cycles are often characterized by periods of boom and bust. For example, the year may start with optimism, leading to a bull market, followed by a correction or consolidation phase. Moreover, the crypto market is influenced by events like halving cycles (in the case of Bitcoin), major technological upgrades (such as Ethereum 2.0), and global economic developments. These events can have a profound impact on the market's direction and timing. Conclusion: In conclusion, attempting to predict the exact time horizon and price expectations for the entirety of 2024 in the cryptocurrency market is a complex and uncertain task. However, by considering a combination of historical data, market trends, and external factors, we can formulate a reasonable framework for potential outcomes. Investors and traders should approach the crypto market in 2024 with a diversified portfolio, a long-term perspective, and a commitment to staying informed about the latest developments. While the journey ahead may be unpredictable, careful analysis and a prudent approach can help navigate the exciting yet volatile world of cryptocurrencies in the year 2024. Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Cryptocurrency investments carry inherent risks, and individuals should conduct their research and consult with financial professionals before making investment decisions.
Long
by CyberNetGain
5
Kaspa Will Soon Try For Another ATHKaspa's price has been consolidating between 10 and 12 cents for the past 29 days. This period of low volatility has created a congestion zone that is expected to provide strong support for Kaspa's price. Additionally, the low volatility period has caused a squeeze that will likely drive prices to surge upwards. While BB width and squeeze are not reliable indicators of direction, the overall trend is bullish, and the probability is that the breakout will be to the upside. Over the last 11 days, there has been a subtle shift towards a possible breakout. Although KAS is still within the congestion zone, it has been creating higher lows and forming an Ascending Triangle pattern. The target for this Triangle is a 20% upside from the breakout, which will bring KAS close to its all-time high. Trade Idea: Entry: 0.12 SL: 0.11 Target: 0.15 TP: 0.143 R: R: 1: 2.5
Long
by NewThoughtCrypto
KAS move points to short-term Bullish target of 13.5 centsThe predicted bounce from a double bottom of key support has now retraced to the 0.5 fib level, which has confluence with both SR structure on the chart and the 4hr 200 EMA. A golden pocket extension from there would imply a move to around 13.5 cents, though it would have to break through some resistance at 12.5 on the way. If the current price does not hold, expect a retrace to the golden pocket, which is currently at 10.5-11 cents.
by CaptainHopium
KASPA's Bullish Surge: Can It Break the Ceiling?Bias: Bullish Description: KASPA shows a promising bullish pattern, breaking past recent consolidation. With RSI trending upwards and a solid volume increase, the sentiment is positive. Direction: Upward Entry: A confirmed break above the recent consolidation area, possibly around the $0.13 mark, could serve as a strategic entry point. Stop Loss: A prudent stop could be placed below the most recent swing low to manage risk effectively. Targets: Progressive targets can be set at previous high points or psychological levels, like $0.15 and above, monitoring the price action for resistance. Caution: Keep an eye on RSI for overbought conditions and any bearish reversal patterns, as these may indicate potential pullbacks or trend reversals. Adjust strategies accordingly if price action invalidates the bullish outlook.
Long
by SpyMk
Kaspa forming double bottom at golden pocket?It could be a merry Christmas for anyone who thought they were selling the top at 10 cents and missed out on the big run-up, as they are now getting another chance to buy back in their demand zone around the green box. Moreover, the Kaspa chart looks like it's forming a double bottom at this level. Optimal outcome would be a quick wick down to test the 0.618 golden pocket zone before the next leg up. Until then the descending trend line is still in play.
by CaptainHopium