KASPA $KAS, potential level to start DCAing again.

Bought back a little into $KAS at $0.0325, around the first (green arrow) measured move target.

Higher low and higher high established on the 4hrly, and bullish divergence on the MACRS, with the 50/15 FG indicator histogram turning green again. Will DCA more if candle closes above the green 50 SMA on the 4 hrly.

However, note that the Ichicloud remains bearish, exerting resistance for the current price from recovering toward the 38.2% Fib level.

Expect $KAS to fall to ca. $0.027 though if price falls below $0.0309, towards where the 2nd measured move (orange arrow) target lies.

Comment:

Fundamentals wise, bullish on $KAS in the far longer term (read the whitepaper), hence will be holding on to my very gradual re-entries from here on out -- DCA-accumulating at below $0.036.

On top of DCAing, I am also setting up significant buy orders at between $0.0285 and down to $0.0195.

Comment:

Hourly bullish divergence playing out. Measured move target (of the "w"-pattern above the 38.2% Fib level as indicated by the orange arrow.

Comment:

4hrly Chart:

BTC need to find support above the 200 orange SMA.

Comment:

Thick orange line = 200 SMA
Thin orange line = 200 VWMA

Comment:

Short-term measured move down to the 61.8% level..

Comment:

Daily Chart Update:

Comment:

Now, comparing the 4hrly chart below with the hourly chart above:

Interesting!

Comment:

Need to pierce the green 50 SMA on the daily, and the orange 200 SMA on the 4hrly, to confirm continuation of the bullish trend.

Comment:

Confirmed support above the red 21 EMA and piercing above thick orange 200 SMA and the thin orange 200 VWMA on the 4hrly.

Comment:

Bullish signal on the daily MACRS oscillator.
Next, need to pierce and find support on the daily green 50 SMA, to confirm bullish continuation.