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Kaspa / USDT
Long

Kaspa weekly god candle forming

295
The chart illustrates a potential "god candle" scenario on the weekly timeframe for Kaspa, suggesting a strong bullish momentum. This formation is likely supported by the breakout from a falling wedge pattern, which is typically a bullish reversal pattern.

Key observations:

  1. Falling Wedge Breakout: The breakout from the wedge aligns with increased volume, a confirmation of bullish sentiment.
  3. Target Achievement: It seems that the initial price target post-breakout has already been reached.
  5. Trend Continuation: The steep blue trendline indicates strong upward momentum, hinting at a continuation if current support levels hold.


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Fundamental AnalysisTechnical IndicatorsTrend Analysis

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Fundamental AnalysisTechnical IndicatorsTrend Analysis
chartzilla

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.