Is Kaspa close to an imminent correction?
This is not an investment advice but a humble idea of a potential crypto enthusiast.
Kaspa has represented a real exception within the current market conditions that have been experienced for some weeks now.
Kaspa has made a new ATH, something that for the holders is a success and for Short futures traders a misfortune.
However, not everything seems to be following the same path. The RSI is showing a real monstrous bearish divergence since weeks ago. And with this new ATH, things don't seem to be getting any better.
This points to a healthy (I might even say necessary) correction. Although, for this to happen, we must first fall below its trend line.
After the breakout, a pullback should be made near the dynamic support and continue with the correction.
If, consequently, the critical support is broken, there will be 2 important zones left to start an accumulation phase. Such areas are potential for the next bull market.
Buy zone 1: $0.024 - $0.022
Buy zone 2: $0.014 - $0.013
Managing purchases and following the plan is paramount to your financial success. Do your own research and decide your future.
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In this small space, I thank those who have seen my ideas and have given their support!
Kaspa has represented a real exception within the current market conditions that have been experienced for some weeks now.
Kaspa has made a new ATH, something that for the holders is a success and for Short futures traders a misfortune.
However, not everything seems to be following the same path. The RSI is showing a real monstrous bearish divergence since weeks ago. And with this new ATH, things don't seem to be getting any better.
This points to a healthy (I might even say necessary) correction. Although, for this to happen, we must first fall below its trend line.
After the breakout, a pullback should be made near the dynamic support and continue with the correction.
If, consequently, the critical support is broken, there will be 2 important zones left to start an accumulation phase. Such areas are potential for the next bull market.
Buy zone 1: $0.024 - $0.022
Buy zone 2: $0.014 - $0.013
Managing purchases and following the plan is paramount to your financial success. Do your own research and decide your future.
----------------------------------------------------------
In this small space, I thank those who have seen my ideas and have given their support!
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