Kaspa Speculation 2024Just playing around here with a speculative price possibility considering some metrics provided by PlanK @MikoGenno on X.
KASUSD trade ideas
KAS - NeutralKAS is settling under the sharp uptrend bull channel, and is somewhat in the middle of the longer term bull channel. I'm Neutral to slightly bullish from here, actually slowly DCA'ing back into this one after recent profit taking. Neutral on MACD and Fear & Greed index.
Kaspa breakout before November 2024We are seeing incredible pressure being built here for a price action move to the upside with Kaspa. The Fibonacci zone for this could be at 2.618 at a price range of about $0.50 ish. I am giving this a time frame before November 2024. There is an ascending channel that Kaspa is dying to break out of and most likely the upside. Too many bullish points that Kaspa is waiting on and these fundamentals could help propel price action higher. For example, Tier 1 listings, Krc20 launch, 10 BPS implementation, Kaspa Institutional Initiative KII, Kaspa Ecosystem Foundation KEF, and more like Marathon competitors coming in to take mining market share etc.......
KAS - Neutral to slightly bullish next week.KAS - KAS must maintain 0.16382 to maintain bullish structure with a possible move to 0.19. If it invalidates, I expect it will move out of the short-term bullish channel and retest the lower end of the longer-term bull channel - so it could go as low as 0.14 or even 0.12. Overall - Neutral to Bullish until we see invalidation of bullish structure.
KAS - Slightly bullish, make or break in the next few daysKAS - Slightly bullish. MACD coming back to neutral, despite recent selling pressure and bearish divergence. KAS is still staying within the larger bull channel and held at the 0.12 cent level, so I expect a possible bounce to 0.17 before coming back down to the 200 DMA. If we hold at the 0.14 level, I foresee KAS testing the shorter bull channel lower bound which is now resistance.
If KAS does not hold at the 0.14 level over the next few days, I expect it will test the bottom of the larger channel which is in the 0.12 cent range. In that case, it might bounce off the bottom of the channel keeping in the bullish structure but a death cross can push KAS out of that channel quickly on failure.
Kaspa - BullishKaspa - Bullish. Kaspa has been green in a sea of red this past week, still very bullishon the daily with a healthy pullback.
-Tested the top of the long-term bullish channel which started 11/04/2023.
-Moving with the more recent bullish channel starting 5/1/24.
-Keeping with the long-term trendline with a healthy pullback to 0.18269 (keeping with trendline)
-Pullback from the highs of 0.2078 on 8/2/24, matching up with when it was overbought on the MACD.
-Pullback on 8/2/24 coincided with peak fear on the fear & greed index, coming out of peak greed zone toward neutral 8/3/24.
I think KASPA will hold at 0.1859, or possibly tag the bottom of the bullish channel (which it historically likes to do) at 0.1802 before moving to retest the top part of the long-term channel and advance out of that while in the short-term bullish channel to 0.2233. I especially think this will be the case if the wider crypto market is still bleeding on 8/3/24 when the US session gets started.
Invalidation would be if on 8/3/24 we see a sustained pullback below 0.1802.
KASPA - Bullish!KAS - MACD is still showing room to run and KASPA hasn't reached peak greed on the fear and greed index. KAS breached the important psychological level of 0.20, even during wider market turmoil on the 30th. So far...no major bearish divergences!
My initial TP level from previous charts was 0.21 however, based on the indicators and interest in this coin I'm amending TP levels to 0.25, and 0.34. Invalidation will be when we see strong bearish divergence but so far, still looking incredibly strong on daily, weekly, monthly charts.
This is the kind of chart I really like, long-term steady growth with overall wide organic market accumulation. Honestly, it reminds me a lot of BTC in the early days in terms of it's long-term growth pattern and steady accumulation. I don't think larger exchanges like CB can ignore this coin for much longer.
KAS - Still bullish, important candle close SundayKAS followed my charting and projected path very well over the last couple weeks (I haven't adjusted the path in over a week). We still have nice momentum on the MACD, it is down from peak greed on the daily and looks to be hooking back towards greed which is nice. Nothing too concerning on the shorter timeframe charts, normal market action. I'll be watching the close Sunday to see if we close above the mid-line of the upward channel and avoid a hammer candle which could indicate a reversal. TP level 0.1908 to 0.21. Moving my SL up to ensure I can retain profits. If overall bullish action in the wider crypto market persists next week I'm still bullish.
Kaspa a case for $0.51 in August 2024As you can see we the Beam Band and every so many months we hit right below the top of this Beam Band a certain percentage and seems likely that Kaspa could be gearing up for another peak run given its consistency in previous months. I have a yellow parabola curving into this peak area along with a fractal to help see what is about to happen. Also, we do have the Power Law (thanks to @mikogenno and Plan K on X and youtube) that shows us the possible fair value into the future. If we project the same type peak run we could see price action at $0.51
KAS - Still long, expecting consolidationKAS is still consolidating between the 0.17 to 0.18 cent range which I like for potential action up to 0.21 or higher. We recently hit a pocket of greed, so we could see a larger pullback any day now. KAS also likes to touch the bottom of the channel and the 50DMA so look for a potential dip to the 0.16 range if the overall crypto market turns red in the early part of the week. If BTC sustains upward momentum, I'm targeting a TP level around 0.21 or 0.22 still. My buy area was 0.10 to 0.11 though, so if we fail to hold at 0.16 I might TP at 0.15768, or take partial profit just to lock in some gains.
Bagholder Phase...Yep all the noobs think they're going to get rich off this longing here...I mean how could they not? when they follow all the experts on crypto twitter lmfao...All jokes aside I don't see this ending well at all - expect a mega bloodbath for a year or so gl.
KAS - the gift that keeps on givingI've been playing KAS for the better part of 2 years and for the life of me, I'm not sure why more people are not taking advantage of it. Over time, it has followed a nice logarithmic growth pattern (around 180 days), technical indicators show we are out of peak fear after the last impulse up, heading to peak greed. KAS continues to consolidate higher, now in the 0.18 range. I tagged-in at 0.10 and 0.11 recently so plan to sell above 0.20 cents with a stop loss around 0.16383 just to protect my current profits.
KASUSD Starting the rally to $0.4000Kaspa (KASUSD) has been trading within a Parabolic Growth Channel ever since its very first day, always supported by the 1W MA50 (blue trend-line). The 1W RSI recently almost reached 45.00 and rebounded and this week the 1W MACD will most likely complete the new Bullish Cross.
As you can see on this chart, this is a bullish signal for KAS as it is a repetitive pattern within the Parabola. It should technically now enter the green curve rally phase which on the previous 3 occasions made a new High at the top of the Channel.
Our medium-term Target is $0.4000.
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Cycle Top?Many ppl love this coin and CT shills it super hard - I can see potential here that 5 waves have been completed and we're at the beginning of a massive correction.
KAS ready for a re-test of ATHKAS has been through a beautiful consolidation period and is now building momentum for a potential bullish movement. First it needs to explore the $0.19 to test its strength.
KAS ready for next move upKaspa is looking extremely strong for the next move up. Has had a beautiful consolidation period, now we wait to see how it interacts with the 0.19 region.
Do you agree?I believe this to be the next bull for Kaspa on the Daily time frame, what do you think?
Kaspa price action for September 2024Based on the Pi Cycle Top Indicator I am calling for a $1.16 price for Kaspa by end of September 2024. I am basing this using the Pi Cycle Top Indicator which is an amazing metric that predicts the peaks on BTC and since Kaspa follows BTC in both a macro and micro position I thought why not use the Pi Cycle Top on Kaspa as well. There are other metrics used here and just keep in mind that all this is highly speculative but interesting as ascending channels and fibonacci levels help pinpoint possible price action.
KASPA Still bullish and still strong above the 1D MA200.Back in November (Nov 21 2023) we made a case of why Kaspa (KASUSD) could be imitating Bitcoin's and Ethereum's trend and came up with a logarithmic curve for its growth:
As you can see, in 5 months since then, it has respected this trend-line to perfection. Zooming in on the 1D time-frame, we can see that a shorter term Channel Up pattern is involved. Every time the price broke below the 1D MA50 (blue trend-line) and kept the 1D MA200 (orange trend-line) intact, while the 1D RSI started rising (Bullish Divergence), the market accumulated.
Once it closed a 1D candle back above the 1D MA50, it was a bullish break-out signal. As a result, we are waiting for this break-out to buy and target 0.22500 (+105% rise from the Higher Low).
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KAS showing strength, could be about to break outAre we ready for an explosion in KAS price? After playing around with the long-term blue support line (lower bound of an ascending channel on the log chart), and simultaneously bouncing off the upper bound of a previous consolidation zone (green rectangle in left chart), KAS looks like its still building strength. Its now attempting to break out from a shorter term descending wedge/potential bull formation. The next few days or even hours could be instrumental in whether KAS enters another big movement up. The daily stochastic briefly touched the oversold region two days ago and has flipped back up which is potentially bullish. With hash rate increasing, and price proportionally much lower currently (since it's generally correlated to hash rate), this also is a very positive sign.
KASUSD breakdown or still preparing for pump?More lines.
As stated yesterday, KAS is playing with the long-term logarithmic channel. Let's see what happens.
Stochastic has ticked over from oversold on the 4hr chart.
KASUSD for more downside?As described previously, the blue channel line shown on this logarithmic chart has been a marker of discount buying strength for KAS since May 2023. In the past, I have used this as a tool (along with other technicals) to buy more KAS. In my last post about KAS I alluded to a negative break through this channel if KAS is obeying the power law, however, given my track record with the logarithmic channel and KAS's technical repetition I favoured a bullish outcome, with the green circle being somewhere we might see buying strength.
Now KAS is potentially, and possibly convincingly (time will tell), breaking down below this line. It's important to note that there are many zones of support below this area, so a significant price drop is not necessarily on the cards, however with pretty much all mid-to-large market-cap ALT projects dropping so far this week, we will need to look at how they perform to gauge strength of the market as a whole.
Going forwards, we can also use the charts at kasping.streamlit.app/ to look for buying zones, in particular the rainbow channel tab. In the past, KAS has bounced from, or near to, the green support line numerous times. Currently, the green line sits at $0.09., however, in the bearish scenario, it's unlikely to be a straight drop. The current angle of descent suggests an intersection at $0.1, which coincides with a support line (green line) on my chart, and psychological support. According to the 'future power law' chart at the link above, if KAS does indeed obey the power law, then the fair value should drag price action back up in the mid-to-long term. And of course, as is the case always with technicals, they could be wrong. We just use them as a measure of risk, and a pattern recognition tool. However, in my experience data analysis and technical patterns are king.
KAS ready for next big moveKASUSD has one of the most organic charts in crypto currently. As I've stated before, its no surprise when you consider it had a fair launch, with limited marketing (therefore it hasn't drawn in social media moon bois that will pump it and dump it), and, so far, no major tier-one exchange listings. This reduces the risk of exposure to 'market makers' and manipulation by exchanges. It has lead to KAS being claimed to be, along with BTC, one of the few cryptos to follow the power law. Check out charts.bitbo.io and kasping.streamlit.app to see power law corridors for both tokens.
In its relatively short life, it has repeated basic technical patterns time and time again. It now looks to be doing the same again; after breaking out of a bull flag, creating a consolidation area and dropping back down into said area, it then bounced off a long term ascending logarithmic channel showing 0.786 Fibonacci convergence (green circle). That ascending channel goes almost all the way back to its inception, with KAS sticking to it religiously since May last year. If it repeats a similar move to the one shown in Sep '23 we could see $0.45 region around the time of the BTC halving.
It must be noted, I have seen more and more technical analysis stating that KAS needs a much bigger retracement down to the $0.09 area before a parabolic move up. That would require it breaking out of the ascending logarithmic channel it has been loyal to since May '23. If it does that, it's likely more closely following the power law and guidance would come from the rainbow chart available at the streamlit link above (for instance, according to the power law, it won't hit a fair value of $0.45 until September '24, although this is the fair value, so it could reach an instantaneous value of $0.45 before then and still obey the power law). Additionally, with this being KAS's first bull run, I wouldn't be surprised to see it far exceed the currently estimated power law fair value at times, and skew the fair value higher.
