JaMoonBoy

JaMoonBoy

Are we ready for an explosion in KAS price? After playing around with the long-term blue support line (lower bound of an ascending channel on the log chart), and simultaneously bouncing off the upper bound of a previous consolidation zone (green rectangle in left chart), KAS looks like its still building strength. Its now attempting to break out from a shorter...

JaMoonBoy

More lines. As stated yesterday, KAS is playing with the long-term logarithmic channel. Let's see what happens. Stochastic has ticked over from oversold on the 4hr chart.

JaMoonBoy

As described previously, the blue channel line shown on this logarithmic chart has been a marker of discount buying strength for KAS since May 2023. In the past, I have used this as a tool (along with other technicals) to buy more KAS. In my last post about KAS I alluded to a negative break through this channel if KAS is obeying the power law, however, given my...

JaMoonBoy

Goldfinch aims to be the poster child for real world assets (RWAs), in particular pertaining to decentralized global credit. And with backing from the likes of Coinbase Ventures, its chances of doing so are exceptional. It's mission is to provide an on-chain marketplace and protocols for trillions of dollars of private capital and debt, allowing millions of people...

JaMoonBoy

KASUSD has one of the most organic charts in crypto currently. As I've stated before, its no surprise when you consider it had a fair launch, with limited marketing (therefore it hasn't drawn in social media moon bois that will pump it and dump it), and, so far, no major tier-one exchange listings. This reduces the risk of exposure to 'market makers' and...

JaMoonBoy

The Pi Cycle Top has been used to accurately predict (usually to within several days) the cycle top for BTC in every major cycle since its inception. Can it be used to predict the top in the ALT market 'Total 3' (crypto market cap minus BTC and ETH)? As can be seen from the chart this would see the ALTs market cap tapping out at circa 2.7 trillion dollars,...

JaMoonBoy

I've been able to follow and pick up positions on every major move in KAS since September 2023 and its all due to simple good old fashioned trend lines on a log chart. Keeping it simple. Why does this work so well on KAS? Because its a fair launch that's undergoing extremely organic growth. That's exceedingly rare in crypto these days. The obvious 20 cents is the...

JaMoonBoy

New non-parallel channel bull flag formed. Non-parallels can indicate a reduction in buying power, so time will tell. But a possible route for KAS if BTC pumps more today.

JaMoonBoy

So far today, KAS has made absolute mincemeat of the immediate resistance, which, including a re-test after previous change of character, tested it 4 times prior. Where will DAG power take us, to new ATH high today?

JaMoonBoy

LXC is currently trying to break out of a bull flag formation. Will it hold overnight? One of the most exciting projects in the space could also be one of the stars of the next bull run.

JaMoonBoy

KAS is showing some good strength by consolidating. Its slowly creeping across, with the logarithmic regression line coming up to meet it and the moving averages levelling out (NB: my MA's are set more for scalping). Going to be interesting to see what happens now between here and the halving. It could be preparing for a BIG move up. If it drops below the...

JaMoonBoy

Will we see further retracements in BTC (blue) and the ALTs (yellow line shows alt market cap minus BTC and ETH) before or around the halving? The green line allows us to look back 4 years to the previous bull cycle and pinpoint price action/market structure changes. Of course, looking at previous price action and market structure doesn't always have a high degree...

JaMoonBoy

It's always shaky business making projections off of a logarithmic regression band with so little data, given that the Kaspa token is still relatively young. Will the current crypto drop drag KAS down to the logarithmic regression band (roughly coincides with 0.618 fib and previous short-lived buying zone) at $0.088 today? Or will it drop further to the 0.786 fib...

JaMoonBoy

I know this irks some crypto investors and moon boys, but I believe there will be at least a 20% correction in the market before or around the time of the halving. Not only has this happened before but generally its a healthy thing for the resulting bull run as it flushes out weak liquidity and can filter poor projects. KAS is currently showing strength by...

JaMoonBoy

Ever felt like the markets are manipulated? That there are hidden forces manoeuvring prices this way and that, like puppeteers pulling the strings? Regardless of whether this happens or not, the capacity for centralised exchanges or market makers to do so is most definitely real. Enter decentralised exchanges and more pertinently, Injective Protocol. INJ is a...

JaMoonBoy

SOL is lining up to be one of the stars of the next bull run. The community is growing ever stronger and with super cheap fees and spritely block processing/transaction speeds, its shaping up to be a phenomenal layer 1 (down time not prevailing). With the markets digesting the ETF approvals, and the potential for downside up until and including the halving...

JaMoonBoy Updated 

MYRIA is playing with the 0.618 retracement; could it be looking to break to break-out of a short term down trendline? Alts might be a bit fishy at this time as the market tries to figure out the ETF news, however there is a lot of buzz around Myria at the moment. I suspect it will breakout but then consolidate along the long-term uptrend line, until the market...

JaMoonBoy

Always dubious drawing a trend line off a fast impulse spike, but could be two scenarios today. a? or b? Of course, it could also continue to consolidate.