Kasusdtlong
Chart Idea - KASUSDT Swing Long SetupKASUSDT Long Setup
Confirmations:
- Weekly Stoch RSI cross over
- Bounced beautifully from 0.618 fib level of 0.097 range
- Successful retest of weekly bull flag breakout support which coincides with 0.382 fib level
Entry: 0.11
TP: 0.378
SL: 0.099
It’s a swing long which can play out in weeks if not months.
KAS/USDTI'm excited to share a technical analysis of KAS/USDT, where the project Kaspa introduces a revolutionary blockDAG structure based on the GhostDAG/PHANTOM protocol. This innovative approach makes Kaspa the fastest and most scalable instant confirmation transaction layer built on a proof-of-work engine.
Key Project Information:
Coin: KAS/USDT
Project: Kaspa, employing the GhostDAG/PHANTOM protocol
Structure: BlockDAG, a groundbreaking ledger structure
Consensus: Scalable generalization of Nakamoto Consensus
Technical Analysis:
As illustrated in the chart below:
Monthly Open Price: $0.1280
Weekly Open Price: $0.1060
Monday Highest Price: $0.1090
Monday Low Price: $0.095 (a significant level triggering a market response)
Trade Plan:
Buy Levels: $0.11300 and $0.11900
Stop Area: $0.10, up to Monday's low at $0.095
First Target: $0.13700 (20% potential gain)
Second Main Target: $0.18500 (60% potential gain)
The trend is expected to turn bullish upon breaking the $0.1200 level, paving the way for further upside potential.
Remember, this is not trading advice but an analysis for your consideration. Enjoy the run, stay safe, and may everyone reap profitable rewards.
KASUSDTMEXC:KASUSDT Long idea
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help. #DYOR
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KASPA kas/usdt (Head and shoulder) ?In trading, the term "head and shoulders" refers to a popular chart pattern used in technical analysis to predict potential trend reversals. The head and shoulders pattern typically forms after an uptrend and is considered a bearish reversal pattern. It consists of three peaks or highs, with the middle peak (the "head") being higher than the two surrounding peaks (the "shoulders"). Here's how the pattern is typically identified:
Left Shoulder: This is the first peak and occurs during an uptrend.
Head: The highest peak of the pattern, representing a brief consolidation or continuation of the uptrend.
Right Shoulder: This is the third peak, usually lower than the head, and forms after a minor rally from the head.
The pattern is considered complete when there is a confirmation of a trend reversal. Traders often look for specific criteria to confirm the pattern:
Neckline: Draw a line connecting the lows of the left shoulder and the right shoulder. The neckline serves as a key support level.
Breakdown: A breakdown occurs when the price of the asset falls below the neckline, indicating that the pattern is valid and a trend reversal may be underway.
Volume: It's common to see a significant increase in trading volume when the breakdown occurs, confirming the pattern.
Once the head and shoulders pattern is confirmed, traders often use it as a signal to open short positions (sell) or to close long positions (take profits) in anticipation of a bearish move in the price of the asset.
It's important to note that while the head and shoulders pattern is a widely recognized and studied technical pattern, it is not foolproof, and false signals can occur. Traders often use additional technical analysis tools and indicators to confirm their trading decisions and manage risk.
In summary, the head and shoulders pattern in trading is a bearish reversal pattern that forms after an uptrend and is characterized by three peaks, with the middle peak (the head) being higher than the two surrounding peaks (the shoulders). It can be a signal that a trend reversal is imminent, but traders should use additional analysis and risk management strategies when trading based on this pattern.
KASUSDT at daily support, likely to head to 0.03745The price has come back again to the daily support DS1 which was also the target of our last two short trades. I think the price is likely to bounce from here towards 4h resistance zone 4HR1. I think a long is favorable here with a target of 0.03745. Lets try this long.
KASUSDT at hourly support, likely to bounce to 0.039636The price has been rejected from weekly resistance and currently trading at hourly support. The price is likely to bounce here towards LTF resistance. Therefore a long trade is favorable here. The target of the trade should be 0.039636.
