KASPA Decline Continuation IndicatorThere are not many details, but a simple analysis seems to show that the index is in continuous decline.
KASUSD trade ideas
Is Kaspa close to an imminent correction?This is not an investment advice but a humble idea of a potential crypto enthusiast.
Kaspa has represented a real exception within the current market conditions that have been experienced for some weeks now.
Kaspa has made a new ATH, something that for the holders is a success and for Short futures traders a misfortune.
However, not everything seems to be following the same path. The RSI is showing a real monstrous bearish divergence since weeks ago. And with this new ATH, things don't seem to be getting any better.
This points to a healthy (I might even say necessary) correction. Although, for this to happen, we must first fall below its trend line.
After the breakout, a pullback should be made near the dynamic support and continue with the correction.
If, consequently, the critical support is broken, there will be 2 important zones left to start an accumulation phase. Such areas are potential for the next bull market.
Buy zone 1: $0.024 - $0.022
Buy zone 2: $0.014 - $0.013
Managing purchases and following the plan is paramount to your financial success. Do your own research and decide your future.
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In this small space, I thank those who have seen my ideas and have given their support!
KASPA / USDKaspa analysis / Elliot Wave
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KASUSD: Initiated the new rally phase to 0.1100KASUSD / Kaspa recovered the recently lost Support of the 1day MA50 and almost reached the August 7th High.
With the Rising Support holding, the long term bullish trend is intact.
Based on a similar rise since the start of the year, the price is just starting the new rally.
Buy now and target the 2.618 Fibonacci extension at 0.11000.
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KASUSD: Above the 1D MA50, confirmed new rally.KASUSD crossed over the 1D MA50, which has been the Resistance last week, and on a bullish 1D technical outlook (RSI = 63.474, MACD = 0.006, ADX = 30.066) is extending the rise after making on September 5th a bottom on the long term Channel Up. The technical target is the 2.5 Fibonacci level (TP = 0.10500).
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RSI Divergence on the KAS 3 Day Chart flipped GREENRSI Divergence on the $KAS 3 Day Chart flipped GREEN after bouncing off the bottom
Prior examples led to a big rally (2x - 7x)
Lowest risk entry on KAS - BULLISHKaspa currently finds itself at the bottom of the ascending channel, which has been a consistent support level.
Also near the bull market support band (20/21 week sma/ema), which has also been a support level.
Holding until the top end of the channel would provide nice ROI from an entry from this level if it holds again.
We also have a cup and handle (with a higher handle) that is still playing out.
BULLISH WEEKLY HEIKIN ASHIVery bullish looking chart for Kaspa. Following an ascending channel, bouncing off the 20/21 week SMA/EMA (bull market support band)
Heikin Ashi just turned GREEN on the weekly
Looks to be primed for upside!
KAS vs Early BTC: The Ascending ChannelYou can see here that the ascending channel that $KAS finds itself in is very similar to the early channel that BTC traded in before breaking out to $30.
If Kaspa repeats something similar, as it already is doing, it could lead to an epic move north of $1.00 USD.
KAS also consistently bounces off the 20/21 week SMA/EMA as has always done during a bull rally (green and red lines).
Any touches of those moving averages are strong buys, as far as I'm concerned. I'm not sure we will get a touch again in the near term, as the bottom side of the channel may hold as support.
It seems like we are in a deep value zone right now.
Previous monthly ATH close was around .0324, and that has held so far (not shown here). Also confluent with the bottom of the channel.
Downside is limited IMO. Bullish.
KASUSD Rebounded on the 1D MA50 but needs this level asap.Kaspa (KASUSD) is on the 4th straight bullish 1D candle following an exact rebound on the 1D MA50 (blue trend-line). This was the initial bullish signal after a 10 day correction within the Channel Up pattern that started on the May 24 bottom. That was also the bottom of the larger long-term Channel Up.
A similar sequence got rejected on the 0.618 Fibonacci retracement level on April 28 and eventually extended the decline to the -1.0 Fibonacci extension and hit the 1D MA200 (orange trend-line). As a result, if the price closes a 1D candle above the current 0.618 Fib, we will buy the break-out and target 0.1200 long-term (+900% from the May bottom). If it fails on the 0.618 Fib, we will sell and target the 1D MA200 at 0.02700.
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$KAS following $ADA and $ETH fractalsChance of $KAS reaching a peak by early 2024 if these fractals continue to play out
Kaspa (KAS) – Inverse Head and shoulders. 0.04 USD Is in Sight. * In my previous TV idea, I revealed my notion that Kaspa is forming a Cup and Handle pattern with a target of 0.15 USD (I use a log scale).
* Although this Cup and Handle is not complete yet, Kaspa is forming an Inverse Head and Shoulders which gives me more confidence that this Cup and Handle formation will eventually materialize.
* Of course, this prediction business is highly speculative, but I wanted to share, and you can come to your own conclusions.
NFA.
What do you think? Please share in the comments.
Best Wishes.
KASUSD Can reach $0.10 in August.Kaspa (KASUSD) continues rising after a rebound on the 1D MA50 (blue trend-line) 10 days ago. Its movement appears to be highly cyclical since it first started trading and we are at the start of the bullish run of the 3rd Cycle.
As long as the 1D MA50 supports, we are long and target 0.10 which is lower than the previous +900% rise but falls within a potential Channel Up that may be established, as each Cycle appears to be getting weaker.
Also the Cycles appear to be highly symmetrical as, based on the 1D RSI, we have completed the first kick-start phase of the run, similar to February 07.
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kaspa
The emergence of a strong reversal pattern in kaspa
Make your own decisions
The future of Bitcoin
KASUSD This is how Kaspa can reach 0.1000 in August.Kaspa / KASUSD is rising today after approaching the 1day MA50.
At the same time, the 1day RSI bounced on a Rising Support in a way similar to January 31st.
As you see, Kaspa's price action is so far cyclical. A vast rise corrects to a Fibonacci level then a Channel Up leads the price to the next price jump.
As long as the 1day MA50 holds, buy and target the -0.382 Fibonacci level at 0.1000 projected on the next rally.
Previous chart:
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Kaspa (KAS) Is Building a BaseTLDR:
• Kaspa has been moving in an upward sloping channel since October 2022.
• Kaspa Dropped below the channel on May 20th and tested the channel trend line as resistance twice.
• Regardless, this is a base building period and upside is still on the table.
Probable Scenario:
• IMO, it is more likely that KAS will find support at the 0.382 Fibonacci retracement, the 0.02 USD leve,l and push back into the trend channel.
Worst case Scenario:
Worst case scenario for KAS is to drop a parallel channel and hit the Range Low at 0.012 USD.
Kaspa (KAS) Bull Market Price Prediction – Revised EditionTLDR:
• This is a bull market prediction.
• I compared KAS with FTM and ADA because the charts have some similarities.
• Take this prediction business with a pinch of salt. I don’t know the future, nobody does.
• However, in bull markets crazy things happen, and if FTM and ADA made it, so can Kaspa. Preface:
• Analyzing a coin with a short price history is a challenge. In TA we analyze an asset based on past performance and try to project what this past performance may mean for future performance. A coin without a significant past PA is tricky. However, because of its incredible PA and this asset’s fundamentals I will follow it closely and share setups as I see them.
• In the previous TV idea, I compared Kaspa’s PA with a fractal of Kadena. Why? Because I wasn’t thinking straight. The only commonality between these two assets is that they are both “Proof of Work.”
• In this revised edition, I tried to compare fractals of cryptocurrencies that have a similar chart structure to Kaspa’s. Two assets that fit the bill are Cardano (ADA) and Fantom (FTM).
• You must understand, at this stage, it is just speculation. I don’t know what the future will bring. I cannot guarantee my performance a month from now, and I sure as hell, cannot guarantee Kaspa's performance in a future bull market.
• However, speculation is all that we can do during the dry season until the rain comes. So, let’s speculate.
Price Prediction:
• Kaspa is a young asset. The Kaspa blockchain (DAG) still has a lot of development to make. KAS’s Price history also makes it difficult to extrapolate future prices. However, we know that this kind of asset can make an astonishing PA if the stars align.
• If we take a fib extension from the previous low to the high, we can see that KAS’s ATH was between the 1 – 1.272 fib extension. Assuming that the next ATH will be between these fib extensions, our price target is roughly 12-22 cents. Considering the Cup and Handle forming on Kaspa’s chart (Linked) this looks reasonable.
KAS Compared to FTM
• Between March 2020 and January 2021, Fantom’s PA looked similar to Kaspa’s current PA.
• An impulsive rise of 3000%.
• A consolidation period in a rounding bottom.
• Followed by another two strong impulsive price movements to the upside.
• Kaspa’s PA looks similar:
• An Impulsive move up of more than 3000%
• Followed by a rounding bottom (in the process).
• If we assume that Kaspa’s continuation will be similar to Fantom’s, in a year from completing the consolidation Kaspa could reach 1.76$.
KAS Compared to ADA:
• Between March 2020 to July 2020, ADA moved in an impulse and had a 770% Price increase.
• Followed by a rounding bottom and another strong move up.
• If we compare ADA’s PA and extrapolate based on ADA’s PA, in eight months, Kaspa’s price could reach 2.65$
Conclusion:
• I hope we are all adults here. We don’t need to take these predictions with a pinch of salt, we need to take it with a shovelful of salt. But I have noticed that most people can easily believe that the worst things could occur to them and cannot imagine that success is also a possibility. KAS is looking good, technically and from a fundamental perspective. When the bull market arrives, reason leaves. Assets can have crazy valuations. Just look at Nvidia. Anyway, whatever will be will be.
• This is a long-term trade. It may take months or even years before my price target is achieved.
NFA.
Feedback will be appreciated.
Best wishes to all.
KAS – Possible Cup & Handle Forming
At this stage this is just speculation. However, I think Kaspa’s price is developing nicely, and I wanted to share my findings with you.
It looks as if KAS is in the process of forming a Cup & Handle pattern. If this is correct, my first price target for Kaspa of 0.15 USD looks achievable within months.
For an in-depth explanation about the Cup & Handle pattern please read the linked Bitcoin Idea.
I also linked a long-term price prediction on Kaspa.
This is just the beginning!
NFA.
what do you think? please share in the comments.
Best wishes.
KASPA - Healthy Rally SimulationA quick simulation on how a healthy rally would look for our beloved $KAS.
At the moment it's at a 100% increase from local bottom. Expect volatility and bearish momentum hopefully till 0.0205 region so we can reload and buy more.
The chart considers ABCDE increase pattern from the moment we broke downtrend of 2months.
Followed by 0ABC healthy correction pattern.
Bullmarket support band is also added as its clear the pump has been surreal everytime we touch the band.
Let's F G.
$Kaspa to the moon TOP 10 by 2025.
KAS Coin (Kaspa) - TA and Price PredictionAnalyzing a coin with a short price history is a challenge. In TA we analyze an asset based on past performance and try to project what this past performance may mean for future performance. A coin without a significant past PA is tricky. However, because of it’s incredible PA recently and because of this asset’s fundamentals I will follow it closely and share setups as I see them.
Support:
• Currently KAS found support at the 0.011991 USD level. It was also oversold on the RSI daily and reacted nicely to it. It is still too early to say if the current downtrend is over.
• If the 0.1191 level doesn’t hold it may find support at the 0.009161 level. Note that price usually tends to go back to unfilled wicks, so it is not out of the question.
Resistance:
• 0.022522 USD. Previous HL.
• 0.033101 USD. Previous LH.
• 0.043301 USD. ATH
Accumulation Range:
IMO, any price between current price and 2 cents is good for long-term accumulation.
Price Prediction:
Kaspa is a young asset. The Kaspa blockchain (DAG) still has a lot of development to make. KAS’s Price history also makes it difficult to extrapolate future price. However, we know that this kind of asset can make an astonishing PA if the stars align.
If we take a fib extension from previous low to high, we can see that KAS’s ATH was between the 1 – 1.272 fib extension. Assuming that the next ATH will be between these fib extensions, our price target is roughly between 12-22 cents. Astonishing as it may appear to be, in crypto everything is possible.
If we copy the fractal of Kadena’s meteoric rise during the previous bull market and apply it to Kaspa, we get a price target much higher, but we need to take it with a grain of salt. We are not in a bull market, yet.
Reservations:
This is a high risk, high reward trade. It can be an extremely profitable trade, but it can also fail miserably.
This is a long-term trade. It may take months or even a year before my price target is achieved.
NFA.
Feedback will be appreciated.
Best wishes to all.
KASUSD Best buy opportunity over the MA50 (1d).KASUSD continues to be supported by the MA200 (1d) exactly at the bottom of the Channel Up.
The MA50 (1d) behaves as Resistance, containing the price under it since May 6th.
Trading Plan:
1. Buy if a (1d) candle closes over the MA50 (1d).
Targets:
1. 0.0800 (Fibonacci 1.5 level, which was a Higher High on the previous MA50 breakout).
Tips:
1. The RSI (1d) is on a pattern that looks very much like the December-January bottom. It is even above the MA trendline, which serves as an additional reason to expect a bullish breakout.
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Notes:
Past trading plan:
KAS don't miss this one.Hello, everyone
I've noticed KAS sometimes moves inverse to BTC, kind of like LINK did in 2018-2019.
It had a massive run up from February to April, and from then grinded down retracing 70%,
The tech itself is a L1 promising BTC security with SOL scalability.
The chart looks bullish.
Don't fade this one.
GL, stay safe. Stay liquid.
