KASPA: Price Update in Daily Timeframe.KAS has formed a Cup & Handle pattern, which is technically a bullish pattern. However, KAS has also formed a bearish divergence, making the current situation confusing.
Let's break it down and keep it as simple as possible.
Patterns:
- Cup & Handle: Bullish.
- RSI Bearish Divergence: Bearish.
Bullish Scenario: If KAS maintains its price above the resistance level of $0.18, we are likely to see a bullish move close to 70%.
Bearish Scenario: If KAS fails to maintain the above-mentioned resistance level, it will likely drop to the yellow dotted line or the green horizontal line at $0.144 (a 21% drop from the current market price).
Key Levels to Watch:
Resistance level: $0.18.
Lower support: $0.144.
This post is for educational purposes only. Do your own research before investing.
Regards,
Team Dexter
KASUSDT trade ideas
KAS/USDT Technical Analysis in 2-Day Timeframe.Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
KAS in the last 48 hours made a new all-time high of $0.198, breaking out above the current resistance level of $0.183.
In the past, whenever KAS broke out above the resistance, it made some outstanding rallies.
Initial Breakout:
~ Period: Late 2022 to early 2023
~ Breakout Point: $0.007
~ Performance: Following the breakout from the symmetrical triangle, KAS/USDT witnessed an impressive upward move, achieving a staggering gain of 500.73%.
Consolidation and Second Rally:
~ Period: Mid-2023
~ Breakout Point: $0.022
~ Performance: The ascending triangle pattern indicated a bullish continuation, which played out with a 170.62% rise from the breakout point.
Current Structure:
~ Breakout Potential: KAS is currently breaking out of another resistance trendline, suggesting a bullish continuation.
~ Projected Target: Based on the height of the triangle, the projected price target is $0.55, representing a potential gain of 201.92% from the breakout point.
Moving Averages:
The chart shows the 100EMA (in purple) acting as dynamic support, consistently supporting the price during pullbacks.
Buy Zone: Consider entries around the breakout point ($0.18).
Targets: $0.32 to $0.54.
Invalidation Point: KAS breaking down and getting rejected below the current resistance.
DYOR. NFA.
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#Kaspa
KAS below channel with C&H pattern + ascending triangleKAS is booming in popularity on Twitter/X.
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Cup and Handle Pattern formed and playing out.
Turned into an Ascending Triangle.
Both of these are large bullish formations.
Future Resistances based on Fibonacci Levels: $0.23, $0.30, $0.38
Triangle Invalidation Level: $0.155
Support Levels: $0.14, $0.13, $0.125
Average Volume increasing from last month.
KAS: Approaching ResistanceTrade setup : Remain in an Uptrend. It pulled back briefly but made a Higher Low (sign of Uptrend) and broke back above $0.15 key level. Momentum has inflected bullish (MACD Histogram bars are rising). Price is now approaching our near-term target $0.194 for a +25% gain. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $0.20 to signal continuation of uptrend, or 2) pull back near $0.15 support for another swing trade entry in Uptrend with +25% upside potential back to $0.194.
Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Strong Up, Medium-term trend is Up and Long-term trend is Strong Up.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.15, then $0.13. Nearest Resistance Zone is $0.194, then $0.24.
Kaspa ($KAS) on the Verge of a Breakout? Key Levels to Watch!Kaspa Chart Anaylsis:
The price action shows a potential for an upmove once it breaks out of the resistance level.
Volume is increasing which indicates interest.
Disclaimer: The information provided here is for educational purposes only and does not constitute a buy or sell recommendation. I am not a financial advisor and I reserve the right to be incorrect. Do not make trading decisions based on information from the internet. Always consult your financial advisor or conduct your own research before making any investment decisions.
Kaspa inverted head and shoulder bullish pattern $KASLooking at the KAS chart on the 4 hr tf, there's a potential for an inverse head and shoulders pattern, which usually signals a bullish reversal
Disclaimer: The information provided here is for educational purposes only and does not constitute a buy or sell recommendation. I am not a financial advisor and I reserve the right to be incorrect. Do not make trading decisions based on information from the internet. Always consult your financial advisor or conduct your own research before making any investment decisions.
Bullish Pennant Structure seen in KASPA - $KAS The hourly chart shows a bullish pennant structure which is a bullish pattern.
Disclaimer: The information provided here is for educational purposes only and does not constitute a buy or sell recommendation. I am not a financial advisor and I reserve the right to be incorrect. Do not make trading decisions based on information from the internet. Always consult your financial advisor or conduct your own research before making any investment decisions.