Kaspa MonthlyHere we have the long-term chart for Kaspa. This is the worst month so far.
➖ Notice the blue lines; these are support.
Kaspa is currently trading below both lines, so last months bullish action has been fully nullified.
➖ July's candle closed as a hammer. A bearish signal when showing up at the top of a trend.
This month being red supports the hammer as a reversal signal.
➖ The reversal is the change from uptrend to downtrend.
➖ This month also has the highest volume, bearish, since December 2023.
➖ This project has been very resilient in its price action. Corrections tend to end between 0.618 and 0.786 Fib., but sometimes, like way too many times, they can go much, much lower but this happens mainly with the small projects. This is something to be seen.
➖ At least 0.618 can be expected (to be tested as support).
👉 The good news is that a strong bull-market will follow this current drop we are mapping.
➢ Stay strong.
➢ Or SHORT strong.
➢ I know many experts are always watching this pair.
➢ You can go high gear on this one now.
Thank you for reading and for your continued support.
Namaste.
