KASUSDT trade ideas
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.
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.
Expecting $KAS to retest the support before breaking higherCRYPTOCAP:KAS has been a strong token and just recently broke out of a consolidation period. I am positioning myself for a possible long at the support wherein it may attempt to test the breakout once again.
If it shows a rejection off the area then I'll be entering a long with my first TP at the resistance and my second TP 2x the first
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.
KASPA to find support at 200 Daily EMA if downtrend continues?Kaspa is currently struggling with the 200 4hr EMA. If rejected it could find itself at a level where it finds confluence with chart structure and the 200 daily EMA. This provided the ultimate level of support in April, following the March run-up.
Kaspa needs to make a decisionKaspa has recently been rejected from a 4hr resistance level and is forming an ascending wedge. It needs to break out above the 12 cent level and start holding above 13 cents before it is really looking like this downtrend is over. If it falls out of the ascending wedge, it will likely fall down to its support zone at 9.5-10 cents. If it could form a double bottom there and start making some higher highs, this could form a good foundation for a recovery.
Kaspa will enter BEARMARKETKaspa has surely surprised me with the massive uptrend. this is also the only trade that has hit my stop-loss. All my other trades are CORRECT predictions.
But still, its time to get back to reality. I believe Kaspa has reached the TOP of the 1 year bull market. Kaspa is READY TO ENTER BEARMARKET. It starts with a dump towards 0,009349. second dump will be towards 0,00545.
MEXC:KASUSDT KUCOIN:KASUSDT CRYPTO:KASUSD GATEIO:KASUSDT
Kaspa Daily RSI corresponds with previous buying opportunitiesKaspa's daily chart recently made a hammer candle after almost reaching a 0.618 fib retracement, implying a possible reversal. However, is this a time to buy the dip or will this keep going down? Current lows on the daily RSI correspond with previous buying opportunities.
Kas/usdtKaspa currency is in the 35th rank of digital currencies in terms of market cap and its purpose is high speed and security transactions. which works on the same proof-of-work consensus mechanism as Bitcoin. This currency has a market cap of 2.34 billion usdt and I hope it will reach 1 dollar as soon as possible.
#kas #btc #security #speed #2024
KAS wyckoff accumulation updatePreviously I posted about KAS being in a Wyckoff accumulation. I now think we have our boundaries of the accumulation at the next stage which is re-accumulation. Boundary is between 0.115 and 0.1465 and we should bounce around here until the next breakout.
Date range is also added, but I don't think the range from the first accumulation to the next will be as long due to where we are in the cycle, first range was 133 days, I think this re-accumulation range will be much shorter.
As you can see if you look at the KAS chart, it's not bounced hard as it previously did, which for me means it's being re-accumulated.
I've added the wyckoff chart of the accumulation scenario. Next area of interest is 0.41 roughly if the measured moves are the same.
Kaspa Bull Flag or moving towards a Golden Pocket?An observer with a bullish bias might see a bull flag in the current chart, but Kaspa seems tied to the market recently and heading downwards. The key psychological level of 10 cents can be seen in the chart structure as a potential downside target, but a .618-.786 fib retracement would indicate a possible value zone back within its long-term ascending channel.
Kaspa Approaches Completion of Wave 6: Opportunity Beckons for tKaspa, the cryptocurrency market's ever-evolving enigma, appears to be reaching the culmination of its sixth wave, heralding a potential journey towards the enticing territory of 0.03, as per the wisdom of legendary trader Jesse Livermore. This opportunity, akin to discovering a hidden treasure, is available for all, and it comes at no cost. However, it's essential to maintain a cautious perspective, considering that there's still potential for upward movement, possibly reaching the 0.099 range. In this dynamic market, many may be heedlessly squandering their assets, making it a ripe moment for informed investors to seize the chance and embark on a strategic short-selling adventure.
The principles of successful trading have remained constant throughout history: "Sell high, buy low." It's an age-old adage that has proven its worth repeatedly. By adhering to this mantra, traders have the opportunity to unlock golden returns. So, as Kaspa navigates its wave 6 journey, savvy traders have a unique chance to capitalize on market dynamics and potentially reap significant rewards.