Curious how it feels like o be early for a party? $KASOpinion:
Benefits of KAS:
KAS has a focus on scalability, user-friendliness, and content creation, making it a unique cryptocurrency in the market.
The KAS team has a proven track record of success in the blockchain industry, providing a strong foundation for future growth and development.
KAS is designed to be eco-friendly while maintaining a Proof-of-Work (PoW) algorithm. Faster blocks and low energy intensive mining. (Unlike currencies like NGM:RVN )
Drawbacks of KAS:
KAS faces competition from other cryptocurrencies with larger user bases and more established networks, which may make it challenging to gain market share.
The KAS network is still relatively new, which means there may be limited adoption and resources for developers compared to more established cryptocurrencies.
There is no guarantee of success for any cryptocurrency, including KAS. The cryptocurrency market is highly volatile and unpredictable, and investors should conduct their own research before making any investment decisions.
How to use this chart:
There is mounting evidence we could be entering a new market cycle. At this point in time, I do not find it enough to flip bullish or believe we are in a bull run. If we are in a bull run, all that changes is that we short higher, start using close only orders, and expect deep pullbacks to the 4-hour time frame.
It is with this in mind that I have added the yellow lines. These are close levels, levels at which closing the order instead of shorting it makes the most sense.
Until we have a clear market direction, I will be including these in my ideas.
L = Long
C = Close
S = Short
Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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KASUSDT trade ideas
Kaspa Daily Bull Flag TargetKaspa's rise has been nothing short of phenomenal. I believe this bull pennant forming on the daily will play out, and the targets could reach just under 6 cents. I believe Kaspa can go well beyond that as well, as it's technology is such a big advancement to the industry. I've had a big spot position on Kaspa since August and my current long position has been open for a couple weeks now. Kaspa has done ~20,000% since May, though, no charts on TradingView currently show it's whole lifespan.
If you want a list of reasons why I am so bullish on Kaspa, you check out this Reddit article I wrote. It's a ten minute read and in my opinion, well worth your time:
Mega List of Reasons for Kaspa's Growth - For Newcomers
KASPA , Longterm forecastWell it already exceeded my first target price of 2 cents
My new estimation is that we will top this first cycle +0.10$ , then we will come back to 0.035$ area where we will break out from right now which leaves everyone in a wow
Then we retrace , and that's when BTC hits 40k or ETH around 2500$
Then we will reaccumulate around 0.03$ and ride it to 1$ - 3$
anyway I will not trade it , I will HODL this gem only till 1$
Maximum point of this wave: 0.034542Hello?
Traders, welcome.
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Have a good day.
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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.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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Kaspa $KAS - What comes after the inverse H&S Kaspa's inverse H&S played out perfectly - the timing was impeccable. Formed under resistance for a few days and burst through. Started to cool down a bit then BTC started pumping.
Looking at how far the head and shoulders formed from the resistance point (mainly the last shoulder), I believe we hit .02 (psych barrier aswell) before we head back down to re-test 0.014 as support.
What I'm doing now - selling here and near .02, loading up more around .014
Kaspa is a great long-term hold as well
Potential Falling WedgePotential falling wedge. The trend is your friend, as they say (of course until the end...). I think a lot of folks are expecting this to come way down and that is a possibility. However, there are certain data points that suggest alternative possible outcomes. As always, nothing is for certain so manage your risk.
kas wait for dump to buy moreKaspa is the fastest, open-source, decentralized & fully scalable Layer-1 in the world.
The world’s first blockDAG – a digital ledger enabling parallel blocks and instant transaction confirmation – built on a robust proof-of-work engine with rapid
single-second block intervals.
Built by industry pioneers, led by the people.
Virgin GroundGoing out on a limb on this one, and taking some liberties, but I saw this has never had a post before and I wanted to be the first. Possible ascending triangle. This is Kaspa the fastest POW coin, period. It's founder's (one of which is a Harvard educated computer dude) who's work was cited in Ethereum's original whitepaper. Potentially, game changing tech: DagKnight Consensus mechanism. They just released their whitepaper yesterday on the anniversary of BTC's whitepaper release. Check out the tokenomics (fully decentralized). No shady seed investors or greedy founders waiting to dump on you. 35 million dollar'ish marketcap. This is one I'm gonna hold onto for awhile...