KAS pumping So far today, KAS has made absolute mincemeat of the immediate resistance, which, including a re-test after previous change of character, tested it 4 times prior. Where will DAG power take us, to new ATH high today?
KASUSD trade ideas
KAS still consolidatingKAS is showing some good strength by consolidating. Its slowly creeping across, with the logarithmic regression line coming up to meet it and the moving averages levelling out (NB: my MA's are set more for scalping). Going to be interesting to see what happens now between here and the halving. It could be preparing for a BIG move up. If it drops below the regression line, personally I would then expect a large retracement to pick up support.
Will KAS drop to the logarithmic regression and bounce?It's always shaky business making projections off of a logarithmic regression band with so little data, given that the Kaspa token is still relatively young. Will the current crypto drop drag KAS down to the logarithmic regression band (roughly coincides with 0.618 fib and previous short-lived buying zone) at $0.088 today? Or will it drop further to the 0.786 fib at $0.065 where there is no obvious confluence.
If it goes further down we will enter new support discovery, likely coming in at $0.05, a roughly 67% drop in price from ATH. This would be a very deep regression, which, if it finds solid support, could be healthy in the long run, but would show weakness in the short.
KAS SHOWING CONSOLIDATION STRENGTHI know this irks some crypto investors and moon boys, but I believe there will be at least a 20% correction in the market before or around the time of the halving. Not only has this happened before but generally its a healthy thing for the resulting bull run as it flushes out weak liquidity and can filter poor projects.
KAS is currently showing strength by consolidating around the 0.10-0.12 region. It's entirely possible it pumps next from here. However, if it does correct, I feel the lower logarithmic band in blue will be a major point to start building positions again. It could coincide with a 0.618 retracement and a previous, admittedly short-lived consolidation zone (orange circle). There is a linear support line (not shown on view) lower than this that could also act as support.
KASUSD about to break through descending channel?Is KAS about to break out of the descending channel? Will likely need more volume, but lets see. I fortunately have my KAS bags packed from mid 2023; if I was looking to get in on KAS I would be cautious at this time to buy with alt coin weakness, and uncertainty around the BTC ETF. IF it comes down to green support areas, and especially if it tanks it to the lower trend line then I certainly will be buying more baby bags though.
KASUSD POTENTIAL SHORT-TERM WEAKNESSAs with all trading systems, there are no guarantees with technical analysis. The ascending channel may not be the best-fit or may be a curve rather than a straight trend line, the instrument may not be following a logarithmic progression, the markets may completely surprise us with more powerful fundamental news etc.
With KAS today, its playing with both the short-term trend line and the ascending channel. Will gravity win? Lets see how the daily closes.
If it breaks through both lines convincingly (entirely possible with recent alt coin weakness), buying strength may come in again at 0.08-0.09 (mid-term trend line + potential confluence with 0.618 + previous small consolidation zone (yellow circle)).
KAS Follow the 23% rule.. Target .08c 😎💯🤑😜Not financial advice.
Trade idea moving forward.
Short idea
Entry current price.
Stop loss .122
Take profit target .08-.081
Please look on chart at each time we lose these triangle's.
They are 23% windows. If we have a 3 day close below .103 our next target will be .08-.081
Classic distribution patterns and thick orange trendline is the ascending line from its previous breakout of .05c range
A retest of .07c is healthy for the token. Very good long term potential.
Always remember to practice patience
#PIK
Patience is Key
#TLAW
Think Like A Whale
KASUSD consolidation pre breakoutDespite its extremely fair launch, large community of HODLers and organic growth so far, KAS was hit hard by the recent small drop in BTC, as evidenced by the very short-lived spike down. Here, it picked up liquidity and positions at the aforementioned (see comment on previous post about KAS) ascending trend line.
Where do we go from here? Well KAS, like ICP, has some of the best tech in all of crypto. Around the corner we have Rust speed tests being available tonight, and its highly likely Smart Contracts will come to KAS; since its inception, the KAS development team have aimed to incorporate smart contracts at some point. Ultimately, the KAS DAGchain is superior to most block chain tech in the current top 20, so really it's only a matter of time (especially if we see
more real world utility/adoption). If KAS is destined for top 10 long-term, then we are still extremely early.
Potentially, KAS is forming a bull flag/consolidation zone before another break out.
Kaspa ($KAS) - Long Setup on MS Break and Reclaim of Range EqCurrently looking for a structure like this to play out on Kaspa.
Criteria is
- sweep in demand while holding that range low with only deviations below as acceptable
- consolidate inside range for an ultimate reclaim of key S/R in green zone
Time will tell and will only take the trade if it plays out similar to this structure, timing of it has next to no meaning but will use this timeframe (daily).
Cheers
Kaspa prices for 1st quarter 2024Please keep in mind that these are only speculative prices based on certain data and metrics. I have been wrong many times but when I see fib zones plus moving averages colliding together into the future it makes you wanna consider the options. The halving for Kaspa is approaching May of 2024 and from previous price action we have a run up at least a month before this event. This is why I believe that we may see prices on April 7th to be within $0.44 on the 2.618 fib or as high as $0.88 on the 3.618 fib zone as well. The bottom side for Kaspa could be as low as $0.08 based on the 200 day moving average coming in contact with the fibzone that is also making contact with this Pitchfork fib area. Granted, we don't have a Binance or other Tier 1 Listing, we could see a healthy draw back down to $0.08 before we make our next aggressive move up.
Kaspa price target of $140 by end of 2025I know this is quite a stretch of the imagination but if we follow this ascending channel plus the ascending Beam Band we can see that the top of both will be around the $140 target range. I know that with the total amount of Kaspa currency mined by the end of 2025 according to the emission schedule, we will have a total circulating supply of 26,785,864,344 of the Kaspa currency by 12/06/2025. This will give Kaspa a mktcap value over $3.7 Trillion. This means Kaspa should be in the 2nd ranking position in all crypto but because this is a little too optimistic maybe this can be the scenario for the 2029 bull run cycle.
KAS vs. INJKAS is currently forming an SOS phase/consolidation phase before a breakout when comparing with INJ. Most coins are forming SOS pattern/bull flag.
Accumulate at the lows/dips each time as it slowly breakout.
Target 0.19-0.24
Kaspa vs. Bitcoin: A Tale of Two Crypto TitansKaspa vs. Bitcoin: A Tale of Two Crypto Titans
In the ever-evolving world of cryptocurrency, new contenders emerge to challenge the established giants. Among them stands Kaspa, a rising star boasting innovative technology and a dedicated community. While Bitcoin remains the undisputed king, Kaspa presents a compelling alternative with its unique features and potential.
Technological Divergence:
The most fundamental difference lies in the underlying technology. Bitcoin operates on a traditional blockchain, a linear chain of blocks recording transactions. Kaspa, on the other hand, utilizes a Directed Acyclic Graph (DAG), offering faster transaction speeds and scalability. This DAG structure allows for concurrent transactions, significantly increasing throughput compared to Bitcoin's single block per 10 minutes.
Pros and Cons:
Kaspa:
Pros:
Faster Transactions: Kaspa boasts significantly faster transaction speeds, enabling near-instantaneous confirmation compared to Bitcoin's hour-long wait times.
Scalability: The DAG architecture allows for theoretically unlimited scalability, potentially accommodating millions of transactions per second.
Fair Distribution: No pre-mine or ICO ensures a fair launch with an even playing field for all participants.
Mining Efficiency: Kaspa's mining algorithm is designed to be energy-efficient, offering a more sustainable alternative to Bitcoin.
Cons:
Market Maturity: Kaspa is a young project with a relatively small market cap compared to Bitcoin, making it more susceptible to market fluctuations.
Development Stage: While the technology is innovative, it is still under development, and its long-term viability remains to be seen.
Limited Adoption: Kaspa's acceptance and use cases are still in their infancy, limiting its real-world application compared to Bitcoin.
Bitcoin:
Pros:
First Mover Advantage: Bitcoin enjoys the first-mover advantage and established brand recognition, leading to widespread adoption and high liquidity.
Security and Stability: Bitcoin's network is extremely secure and has proven its resilience over time, making it a trusted store of value.
Large Ecosystem: A vast ecosystem of businesses and services supports Bitcoin, facilitating its use in various aspects of the economy.
Cons:
Scalability Issues: Bitcoin's blockchain technology struggles with scalability, resulting in slow transaction speeds and high fees.
Energy Consumption: Bitcoin mining consumes a significant amount of energy, raising concerns about its environmental impact.
Centralization Concerns: Mining pools control a large portion of the network, potentially leading to centralization and manipulation.
Price Target:
Predicting the future price of any cryptocurrency is a near impossible task. However, considering Kaspa's promising technology, fair launch, and growing community, its price potential is attracting attention. Some analysts suggest it could reach $100-$200 within the next few years, while optimistic projections even mention $500-$1000 in the long run.
Conclusion:
Kaspa and Bitcoin represent two distinct visions for the future of cryptocurrency. While Bitcoin remains the dominant force, Kaspa offers a glimpse into a potentially faster, more scalable, and sustainable future. Ultimately, the choice between them depends on individual investment strategies and risk tolerance. While Bitcoin offers stability and widespread adoption, Kaspa carries the potential for significant growth and innovation. Regardless of individual preferences, it is clear that both projects are shaping the future of cryptocurrency, pushing the boundaries of technology and challenging the established norms.
*Kaspa began trending late in 2023 as it was listed on Binance Futures. Having already seen an increase of 81,654% since the start of price data. Launched on November 7th, 2021, and the first price data comes from June 1st, 2022, where KAS traded hands for $0.0001699, its all-time low. It traded sideways until November 2022, when it saw a 694% increase in price, reaching almost $0.01 per coin.
After starting 2023 trading at $0.005278 per KAS, the price has since risen to a high of $0.154, an increase of 2,818%.
From May to August 2023, in anticipation of Kaspa’s first Halving event, Kaspa saw a rise of 273%.
Kaspa looks to be in a wave 3 heading to 23c up to 49-50c after it made a cup and handle pattern.
This is not financial advice!
KASPA potential pull backFor those who were'nt DCAing before:
Confluence between logarithmic ascending channel lower level, fib and previous consolidation area. I don't see it happening with BTC pumping atm, but if there is a pullback this could be a good place to pack your bags.
KASPA a Technical Marvel Kaspa MEXC:KASUSDT is displaying an beautiful technical chart, showcasing a high degree of respect for key levels.
Your support means the world, so smash that like button to keep the motivation flowing! 💙💛
The current price action forms a compelling Symmetrical Triangle , setting the stage for next move.
Let's jump into the details!
Key Support Levels:
$0.080
$0.093
$0.114
These support levels act as robust foundations, indicating potential bounce-back points in the event of a downturn.
Key Resistance Levels:
$0.143
$0.177
These resistance levels represent significant hurdles that Kaspa must overcome to move in a sustained upward trajectory.
The presence of a Rising Fibonacci Channel adds another layer to the chart's complexity, reflecting a dynamic uptrend environment . This suggests that Kaspa is in a phase of positive momentum, further enhancing its overall bullish outlook.
As the symmetrical triangle tightens its grip, we should closely monitor the breakout direction for potential trading opportunities.
Keep a watchful eye on Kaspa as it navigates through these critical levels, presenting exciting prospects for those attuned to the nuances of this technical masterpiece.
2023 December high for KaspaThis is just my theory and I hope you don't base your trsading on this as it is juist a theory of mine. I am of the thought that Kaspa is about to do something amazing with price if we mimic the Bitcoin marketcap of the 2013 bullrun. We see so many similarities between both Bitcoin and Kaspa that it is scary amazing! We see how Bitcoin functions within the Beam Band and how it breaks the Beam Band by about 56% once it achieves the high of over $1100. From a mktcap of $2.8 billion it basically 4.4 times itself into a $12.4 billion mktcap in 2013 and Kaspa at same Mktcap of $2.8 billion if it also 4.4 times its value would place Kaspa at a $0.57 valuation with a $12.4 Billion mktcap as well. It took Bitcoin 26 days after the breakout to increase in price up to $1100 and so is it possible we will see this in 26 days from today for the price of Kaspa?
Is KASPA the new KING? Comparison with BTC & ETH.Kaspa (KASUSD) has been among the great winners of 2023, seeing an enormous growth as we approach the end of the year. Inevitably this draws comparisons to the early days of many high cap/ profile tokens. What better comparison for debate than to draw Kaspa against the market leaders, Bitcoin (BTCUSD) and Ethereum (ETHUSD).
Bitcoin is displayed in orange, Ethereum in blue and as you can see by first glance, Kaspa (candles) has been following much more closely BTC's trading action in its early days than ETH's. Of course ETH came at a later stage in the crypto market so it was less aggressive than BTC, which practically made the market. We have drawn a Unified Underlying Growth Curve (UUGC) between the 3 cryptos and with a relative safety offers a projected scenario for Kaspa's future growth.
Of course it's all fun and games until fractals are materialized and people are left wondering how they didn't see it coming and how they missed such an obvious opportunity. Again, this doesn't show that Kaspa will replace any of the above in usefulness, purpose or market cap but it points out some obvious similarities between their price action.
What do you think? Is Kaspa a new crypto King?
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KASUSD: The rally isn't over. Price can double.Kaspa is having one of the most aggressive rallies in the high capitalization category, positng the strongest weekly gains on the fifth straight green week. The 1D timeframe is obviously overbought (RSI = 86.789, MACD = 0.016, ADX = 53.378) but this rally can extend more based on the previous bullish sequence inside the annual Channel Up.
More specifically, the previous HH was made approximately on the 2.5 Fibonacci extension. In the meantime the 1W RSI peaked on a HH trendline. We have a similar pattern that is being followed currently so we expect KAS to reach again the 2.5 Fibonacci level and that's our target (TP = 0.28000) soon in order to form the new HH.
See how our prior idea has worked:
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KASPA USDT: Breakout Watch and ZonesHello dear traders! If you like my graphics, please use Like button 💙💛.
📊 MEXC:KASUSDT Update:
The next move hinges on the breakout direction. Watch closely:
Bearish Perspective: Keep an eye on the 0.044 level. If it crosses below, a selling wave might persist, breaking the Rising Wedge support line.
Bullish Perspective: Look out for the 0.056 level. If broken, it signals a potential upward surge, breaking the Rising Wedge resistance (as in late March).
Bull Targets:
Target 1: 0.067
Target 2: 0.072
Target 3: 0.076
Target 4: 0.081
Bear Targets:
Target 1: 0.031
Target 2: 0.020
Target 3: 0.014
Stay alert for these critical levels! 🚀💹
KASUSD Pull-back soon, which will be a buy opportunity.Kaspa (KASUSD) has been on a 5-day bullish run as it first consolidated on the 1D MA50 (blue trend-line) and bottom (Higher Lows trend-line) of the 5-month Channel Up, solidifying it as the Support.
The 1D RSI is extremely overbought above 80.00 and soon that should transcend into a technical pull-back. The current rise resembles that of June, which extended to +105%, then pulled-back near the 0.5 Fibonacci retracement level and the 1D MA50 and started the final and most aggressive leg of +155% to the Channel's new Higher High.
As a result we will look to buy at the end of a potential 1 week pull-back and target 0.16000 (estimated +155%).
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Kaspa next possible high on December 2023According to the data this is what I am seeing with Kaspa's next possible high target price. According to @Cryptographur we could see a possible $0.14 price target coming soon and this does make sense with not only the fib lines he shows but with previous high and lows off of the Beam Band that i love to use for all my crypto plays. As you can see, we have Kaspa with consistent point from the top of this Beam Band once it makes peaks and valleys. We see the 38%, 34% and the next being 36% (taken from average of other two), we also see the 65% valley low along with the next 60%, and also we see the average days between these price points with 106 days, 127 days and 124 days in between these points. If we take all these days and percentages we come up with December 6th 2023 as the next possible time frame with price target of $0.16 for the next peak calculating a 36% drop from top of Beam Band with an average of 119 days (taken from other day averages).
KASUSD WILL DUMP - BEARISH DIVERGENCEShi Traders
We have something for altcoins lovers. But this time this is not a candy for bulls.
KASUSD may be ready to dump hard .
Bearish divergences on daily time frame are very visible and it can't be overlooked by any trader.
Upside is very limited if there's any left.
Targeting 0,5 fib level where we can get a bounce, but after that expecting more downside.
KASUSD won't be a buy for long-term investment any time soon.
Good luck
