KaspaLong
Kaspa (KAS) Is Building a Base
TLDR:
• Kaspa has been moving in an upward sloping channel since October 2022.
• Kaspa Dropped below the channel on May 20th and tested the channel trend line as resistance twice.
• Regardless, this is a base building period and upside is still on the table.
Probable Scenario:
• IMO, it is more likely that KAS will find support at the 0.382 Fibonacci retracement, the 0.02 USD leve,l and push back into the trend channel.
Worst case Scenario:
Worst case scenario for KAS is to drop a parallel channel and hit the Range Low at 0.012 USD.
• Kaspa has been moving in an upward sloping channel since October 2022.
• Kaspa Dropped below the channel on May 20th and tested the channel trend line as resistance twice.
• Regardless, this is a base building period and upside is still on the table.
Probable Scenario:
• IMO, it is more likely that KAS will find support at the 0.382 Fibonacci retracement, the 0.02 USD leve,l and push back into the trend channel.
Worst case Scenario:
Worst case scenario for KAS is to drop a parallel channel and hit the Range Low at 0.012 USD.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.