Kaspa remains bullish after breaking out to new highs this month but a potential head and shoulders could be forming on the 4hr. If current trend were to break and this scenario play out, the target has rough confluence with the 0.618 golden pocket and chart structure. That being said, the trend is still holding at time of posting and that fib level is below the key psychological level of 10 cents, which would likely be defended quite strongly.
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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.