KASUSDT Long Setup
Confirmations:
- Weekly Stoch RSI cross over
- Bounced beautifully from 0.618 fib level of 0.097 range
- Successful retest of weekly bull flag breakout support which coincides with 0.382 fib level
Entry: 0.11
TP: 0.378
SL: 0.099
It’s a swing long which can play out in weeks if not months.
📊 Analysis:
Current Situation: KAS is holding support above $0.15.
Retest Scenario: If it holds on the retest, higher levels could be on the horizon.
📉 Trade Strategy:
Entry: Consider entering the trade between $0.14 and $0.15 support area.
Stop Loss: Set under $0.135 to manage risk.
Take Profit: Aim for higher levels around $0.20 or $0.25.
I'm excited to share a technical analysis of KAS/USDT, where the project Kaspa introduces a revolutionary blockDAG structure based on the GhostDAG/PHANTOM protocol. This innovative approach makes Kaspa the fastest and most scalable instant confirmation transaction layer built on a proof-of-work engine.
Key Project Information:
Coin: KAS/USDT
Project: Kaspa,...
MEXC:KASUSDT Long idea
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help. #DYOR
Don't forget to 🚀 and comment
Thank you for reading this update.
Depending on our study we see that KAS has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
When price is rejected at the resistance level multiple times and when price finally manages to breakout the resistance is one of the best opportunity for the LONG trade (Vice versa for short trade)
In the above chart of KASPA is one of the best example showing this behaviour.
KASPA price got rejected more than 4 times because of strong resistance and once the...
After my VERY SUCCESFUL prediction about Kaspa, im back again.
Kaspa is entering bearish period. As you can see with the latest breakout to ATH (0,054) Volume was even lower than previous times, which is absolutely bearish. After the breakout, KASPA immediatly dumped to 0,043, which is another bearish sign. It seems whales just wanted to exit and needed a little...
Very bullish looking chart for Kaspa. Following an ascending channel, bouncing off the 20/21 week SMA/EMA (bull market support band)
Heikin Ashi just turned GREEN on the weekly
Looks to be primed for upside!
In trading, the term "head and shoulders" refers to a popular chart pattern used in technical analysis to predict potential trend reversals. The head and shoulders pattern typically forms after an uptrend and is considered a bearish reversal pattern. It consists of three peaks or highs, with the middle peak (the "head") being higher than the two surrounding peaks...
The price has bounced well from the daily support DS1 which was our target for the last short trade. We did not take any long though it was a good opportunity for going long. However, now price is coming close to 4h resistance 4HR1 area. I think this zone shall resist the price and push it down again towards the daily support zone. Since the price has strength...
The price bounce from hourly support HS1 and hit the hourly resistance HR1. The price is likely to move further down from here towards daily resistance DS1. This makes a short trade favorable here. The target of this short trade should be the daily support DS1 around 0.034-0.035. There is another large time frame idea of the price heading towards weekly support...
The price has been rejected from weekly resistance and currently trading at hourly support. The price is likely to bounce here towards LTF resistance. Therefore a long trade is favorable here. The target of the trade should be 0.039636.
