Kaspa Power Law - Ascending TriangleMEXC:KASUSDT is forming an Ascending Triangle on the Daily timeframe.
MA 50 and MA 100 have crossed.
There probably is a nice SELL Order Block on 0.150996 which is resistance.
This could go several ways:
Scenario : A). (Very bullish)
1. We'll retest the Order Block on 0.111402 before a breakout to the Upside.
2. Price will retest both moving averages to give us a clearer picture.
3. If the moving averages reject the price, expect the confirmation of a bullish cross.
4. Wait for a clean signal: IF OB at 0.112341 rejects price and the MA Cross stays positive = the ascending triangle will rip to the upside.
Potential +600%
Scenario: B).
1. If OB at 0.112341 doesn't reverse the downtrend, the Ascending Triangle is breaking to the downside.
2. If the price breaks downwards, expect to retest the OB at 0.094076
Scenario: C). (might be unrealistic but its still crypto, always expect capitulation before bulls)
1. OB at 0.094076 will not be filled, causing further liquidations and downtrends toward the OB at 0.053304 placing it on a whopping -60%
Let me know what you think, I'm personally very bullish on Kaspa and would love to see it ripping. KRC20, new exchange listings on exhanges. I usually expect negative price action before positive one because that's kinda my luck. I'd love to hear your opinion, I can learn more that way.
Thanks for reading! NFA
