KASUSDT trade ideas
Kaspa's Firestorm Wall📉 Current Price: $0.16 USD
🎯 Medium-Term Target: $0.23
🛡️ Key Support: $0.14 (0.618 Fibonacci golden ratio starting from the Nov 5th election-day pump)
🔥 The Firestorm Wall
KASPA faces a formidable challenge at its "Firestorm Wall" of resistance, spanning $0.17–$0.19. Over the last 185 days, KASPA has entered the bottom of the wall ($0.17) more than 10 times.
However, it has only breached the top ($0.19) 3 times. For KASPA to reach its medium-term target of $0.23, it must decisively break through $0.19. Once this happens, the rally could accelerate. 🚀
📊 Recent Developments:
Volume Uptick:
Momentum has increased after bouncing off both the $0.10 support and the bottom of the diagonal trendline.
Money Flow Index (MFI):
Current Status: Neutral (neither overbought nor oversold).
At the $0.10 support, the MFI showed overbought conditions, indicating a bullish recovery.
Golden Cross:
On November 11th, the 50-day MA crossed above the 200-day MA – a strong bullish signal on the daily chart.
📐 Technical Insights:
Yellow Dashed Lines: Fibonacci retracement levels, key zones for price interaction.
Breaking above $0.19 will clear the Firestorm Wall and likely propel KASPA toward $0.23 quickly.
KASPA is ready to launch. 🚀 All eyes on the $0.19 resistance!
KAS/ USDT SEE LOTS OF BULLISH TONES/ beginner trading adviceMy idea for kaspa theres an obvious falling wedge & cup handle off an S/R zone if you zoom out. Bullish divergences at key fibonnaci .618 about .128 i took the position. got a nice retest off the falling wedge breakout with an inverted h/s and finally changing character locally in the market structure when we hit .153!! My measured move of the falling wedge takes us to the ATH at .208. This doesn't mean that is where we are going. I prioritize positions over predictions while understanding and accepting my risk. I'm long from .10 catching a few knives..with those bloody hands, i took a long from .128 at the golden pocket..would i long now? No. not the breakouts. Would i buy on spot ? Sure. Dont 3get about resistance at .177 ish..Dont 3get to teach others what you know. We all started somewhere and we all learned from someone. Traders think that traders have to be right. The more you think that, the more narrow minded you become. An idea is an idea. Do you think you know the millions of ideas there are? If you do, i'd like to join your community instead! #kaspa #lifers #333 www.tradingview.com
Kaspa / KAS ( 70X in 9 month )The price of Kaspa (KAS) is $0.011 today with a 24hour trading volume of 5 million dollar. This represents a 30% price increase in the last 24 hours and a 7000% price increase in the past 9 month..wait what?! that's exactly why you should be in crypto and find the next crypto gems.
Kaspa is a proof-of-work 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. Whereby our blockchain is actually a blockDAG; you can see GHOSTDAG in action in a real time blockDAG visualizer). 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 (cf. chapter 6 of the the paper for some initial benchmarks). The Kaspa implementation includes a lot of cool features and subprotocols including 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.
as you see we can have a healthy correction and back to 0.010. if you made a good gain make sure taking some profit too
Kaspa weekly god candle formingThe chart illustrates a potential "god candle" scenario on the weekly timeframe for Kaspa, suggesting a strong bullish momentum. This formation is likely supported by the breakout from a falling wedge pattern, which is typically a bullish reversal pattern.
Key observations:
Falling Wedge Breakout: The breakout from the wedge aligns with increased volume, a confirmation of bullish sentiment.
Target Achievement: It seems that the initial price target post-breakout has already been reached.
Trend Continuation: The steep blue trendline indicates strong upward momentum, hinting at a continuation if current support levels hold.
10 BPS, Binance, Smart Contracts patience is key
KAS bullish cup and handleBullish cup and handle formed on KAS daily. I hope it breaks through soon and then i expect a push higher smashing my final TP in my swing long that has been running for a while now. There could even be reasons to take another long after the break has been confirmed. Let´s see!
Kaspa ready to take offKaspa ready to take off..this should push now
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Tradingview wants me to descirbe more but got nothing to say more...so i will type some none sense so that i can publish...ridiculous that i have to do that..so all the stuff below is none sense so that i can publish:
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KASPA IS GIANT - WAITING FOR MAJOR EXCHANGES - TRADE PLANChart Type: 4-hour (4H) timeframe.
Pattern Identified: A falling wedge pattern is evident, which typically signals a potential reversal to the upside, especially when the price breaks above the upper trendline (resistance) of the wedge.
Current Price Action: The price is currently consolidating near the lower boundary of the falling wedge pattern. The breakout above the wedge's resistance level is considered crucial for the potential upside move.
Indicators and Signals:
Volume (Volume Profile on the chart):
There is an increase in volume around the lower part of the wedge, suggesting accumulation as the price approaches key support levels.
A potential breakout could be confirmed by a spike in volume as the price breaks above the resistance line of the wedge.
RSI (Relative Strength Index, 14):
The RSI is at 43.20, which is neutral but nearing the oversold zone. This suggests that the market is not in an extreme selling phase, and the asset could gain momentum if the breakout occurs.
Stochastic Oscillator:
The Stochastic Oscillator is at 15.98, indicating that the market is in oversold conditions. If it crosses upward, it could further confirm that a reversal or upward movement is likely.
MACD (Moving Average Convergence Divergence):
The MACD line is above the signal line, and the histogram is in green, indicating bullish momentum. This is a positive sign for a potential upward move once the breakout happens.
Money Flow Index (MFI):
The MFI is showing green bars with an upward slope, suggesting positive money flow and investor interest in the asset.
HMA (Hull Moving Average):
The HMA shows a slight bullish bias with an upward slope, which complements the potential bullish breakout scenario.
Key Support and Resistance Levels:
Support Level: The lower boundary of the falling wedge acts as a key support level. If the price holds above this level, it will give confidence to the potential upward breakout.
Resistance Level: The upper boundary of the wedge is the key resistance level. A breakout above this will be crucial for confirming the potential bullish move.
Price Target: If the breakout occurs, the next logical target would be around the previous highs near 0.18 USD, based on the wedge's height.
Potential Scenarios and Trading Plan:
Bullish Scenario:
Entry: Enter a long position once the price breaks above the resistance level of the falling wedge (around 0.1285 USD).
Stop Loss: Set a stop loss just below the support of the wedge (around 0.1200 USD), to minimize risk in case of a fakeout or reversal.
Take Profit: The first target should be around 0.16 USD, and a secondary target around 0.18 USD if momentum continues to rise after the breakout.
Bearish Scenario:
If the price fails to break the wedge’s resistance or breaks below the wedge’s support, it would indicate that the price is likely to continue its downtrend.
Short Entry: Consider a short position if the price falls below 0.1200 USD, confirming a break of the wedge's support.
Stop Loss: Set the stop loss just above the wedge resistance at 0.1300 USD.
Take Profit: The target could be at lower support levels around 0.10 USD.
The KASPA chart shows a potential bullish reversal from the falling wedge pattern. The key factor for success in this trade will be the confirmation of a breakout with high volume above the wedge's resistance.
Utilize the indicators such as the RSI, MACD, and Stochastic for additional confirmation of the trade setup.
Risk management is crucial, with clear stop-loss levels set to protect against potential downside moves.
Anticipating Short-Term Prospects: What's on the Horizon?Kaspa indicates a bearish bias, particularly with the potential for further downside if the reverse cup and handle formation plays out. However, there is a possible bounce scenario near the key support around $0.125, which aligns with a long-term ascending trend line. If buying pressure increases, the price could see a bounce from this area, potentially targeting the $0.146 to $0.160 resistance levels.
The 20 EMA (red) is currently below the 200 moving average (purple), indicating continued bearish momentum. The price has recently rejected the 200MA, suggesting that this moving average will be a key resistance level on any bounce. Breaking above the 200MA at $0.146 would be critical for signaling a potential shift in momentum to the upside.
The BB Power indicator shows stronger selling pressure than buying pressure, reflecting ongoing bearish sentiment. This adds weight to the downside risk, though a bounce remains possible if the price holds support at $0.125 and selling pressure weakens.
Additionally, it’s important to keep a close watch on Kaspa since it seems volatile at the moment. Don't doubt the signs but hope for the best for a continuation in the upward trend.
Support - $0.125
Resistance - $0.180
Fear and Greed Index (Binance) - 72 Greed
Future of KASPA!Hello, fellow traders!
KASPA is nearing to its support zone based on its ATL and swing movements.
If we can confirm the reversal here with the favorable outcome of the election, we might see a swing opportunity to 0.19 or even beyond.
We will also make sure to confirm the reversal first: if the price drops additionally before making its turn, this is not out of ordinary.
My approach mostly contains technical analysis, drawing lines and boxes in the chart. However, I also find understanding the background of the crypto (or any market product in this matter) equally important if not more. So I've done some research about Kaspa, and I've noticed a lot of comments in social media regarding its political stance, security budget issue and such. Here are my thoughts: I do not think these concerns should be overlooked, but I also appreciate the active responses and enthusiasm from the developers, and I think catching people's attention is already a positive part about this crypto.
Among all the cryptos I've traded (besides BTC, ETH, SOL), I think this crypto has some potential even when looked outside of the chart.
Back to the charts, we already see the price has risen by 10% after it touched the zone.
Falling wedge on weekly bullish factors TA and FundKaspa appears poised for a potential Coinbase listing, with a textbook falling wedge pattern on the weekly chart hinting at a bullish reversal as oscillators reset and momentum builds. As a fair-launch project, Kaspa maintains decentralization by having coins mined or traded openly. With KRC-20 sell pressure seemingly exhausted, bearish momentum has faded. Kaspa's robust Layer-1 tech stack and 10 BPS foundation are now established, strategically setting the stage for showcasing its scalable infrastructure and the introduction of smart contracts, aligning with a well-timed expansion strategy.
Bitcoin & Kaspa: Correction DynamicsWith some variations, the bigger structure is the same. Marketwide action.
I already mentioned Ethereum many times but people are not very friendly with Ethereum lately so we will forget about that one. I am talking about supporting evidence that Bitcoin is likely to move lower.
The fact that Ethereum is already down in hell is one of such proofs/evidence, but as I said, we will ignore Ethereum and this leads to Kaspa.
We already had an amazing SHORT with this pair and I thank you for your support, but we are more interested now in price dynamics.
August was a major event and KASUSDT is already trading below August's low.
KASUSDT is trading at the same level it traded around 29-April, for Bitcoin this would mean 56K. 56K is an easy target to be honest.
Trading volume this week is the highest since 5-August. This means that the bearish move is not over.
If we consider the start of the bullish wave for Kaspa being May 2023, current price action is happening just below the 0.5 Fib. retracement level. The fact that the weekly session closed below this level and not above it is extremely bearish. Strong corrections tend to end below 0.786.
Kaspa grew 41,483% from a low in September 2022.
If we start counting from the October 2022 low, since the first day can be tricky, we would still have 15,893% total growth in a period of 651 days. It wouldn't be surprising to see an extended correction. Marketwide action.
👉 If Kaspa is set to continue lower Bitcoin is going lower.
Thank you for reading.
Namaste.