KASUSDT trade ideas
Trend reversal coming soon, Bearish KASusdt/KaspaThis analyse is ANTI FOMO/FUD, this ananalyse is realistic. I hear stories from KASPA believers that Kaspa will defeat Bitcoin, that it will only go UP. we heard those stories million times with other projects, just to mention Luna, Solana, matic, FTT and so many more. what did they ALL HAVE IN COMMON? they ALL DUMPED.
So now, i look at kaspa, i see LOW volume, i see overbought RSI, i see bearish divergence, i see more than 30,000% price increase, i see almost 1 year of uptrend, this is all SIGNS of exhaustion and signs of TREND REVERSAL. nothing goes UP forever, when you see indicators flashing ALERTS, its time to LEAVE.
i predict with GOOD market condition and stable BTC, kaspa MAY STILL go to around 0,055 or 0,08 MAX.
BE CAREFUL. #kasusdt #bitcoin #kucoin #MEXC #kaspa MEXC:KASUSDT KUCOIN:KASUSDT COINEX:KASUSDT
KASUSDT will keep dumpingKASUSDT looks very bad
Bearish formation aka head and shoulders is playing out. We have already seen a susscessful break down and even bearish retest.
Every bounce is a short opportunity.
Target for shorts / Entry for longs is a green area shown on the chart.
Good luck KAS lovers.
ABC correction almost finishedUpon meticulous examination of the chart patterns for KASPA, it's evident that the ABC correction is nearing its completion. This corrective structure, commonly found after significant trends in the market, provides insightful indications for traders on potential future movements.
We've observed that the C wave of this correction, typically the last leg, is currently forming its 4th wave. Historically, after the culmination of the 5th wave, there's often a pronounced shift in momentum, signaling a strong potential for the end of the correction phase. Thus, we are keenly anticipating the formation of the 5th wave, which could mark a pivotal point for KASPA.
Assuming the pattern holds and there aren't any unexpected external market influences, once this 5th wave concludes, we could find ourselves in a prime position to enter long trades. This potential reversal from the correction could offer significant profit opportunities for traders who are prepared and vigilant.
However, as with all forms of technical analysis, it's paramount to combine these observations with other technical indicators and chart patterns to validate the direction. Moreover, considering external factors such as news, events, and overall market sentiment can offer a holistic view and better-informed trading decisions.
In conclusion, while the near completion of the ABC correction suggests bullish sentiments are on the horizon, traders are advised to exercise caution, use stop losses, and ensure proper risk management techniques are in place before entering any trades.
KAS is gearing up for a surgeKAS T3 Fibo is supported by the VWMA. We are still in a bullish area. The SMI clearly indicates that the KAS market is gearing up for a surge. Two scenarios have been identified: Scenario A, where the price could potentially test the 0.0375 USDT support before rising to 0.051 USDT, and Scenario B, where the price might directly break the 0.042 resistance and then rise to 0.0519 USDT.
KAS LONG IDEA$KAS, I believe that the wave has completed, and it is currently in a downtrend, which is wave 2. This could potentially go much lower from my perspective. Right now, I am awaiting the price movement towards WAVE B OF WAVE 2 and descending further into WAVE C, which could potentially be quite deep.
NFA!
KASPA Bullish and Bearish Potentials Short-Term8.17/23... 4h bullish div. More likely break to upside by Aug 21 at latest. Less likely downside. Thinking next level is either 0.382 @0.030 or the daily at 0.026 if we go down. 0.045 retest to the upside then price discovery if it cruises through daily resistances on the way up. Pay attention to indicators on all TFs as we move thru Aug. Larger term timeframe downward trendline possibility of staying under. If that happens, I would expect us to reach the golden pocket at around 0.02 by Sep 18th at the latest before a massive upside move.
Kaspa/USDT Bearish Divergence on Weekly WITH DOUBLE TOP?!PLEASE READ CAREFULLY:
Bearish divergence is typically recognized through the following characteristics:
Price Highs vs Indicator Highs: In an uptrend, the price of an asset tends to make higher highs, indicating increasing buying pressure. However, if during this time, the indicator (e.g., RSI or MACD) fails to make higher highs and instead forms lower highs, this creates a bearish divergence.
Signaling Potential Reversal: Bearish divergence signals a potential weakening of the ongoing uptrend and can suggest that the buying momentum is fading. It might indicate that the uptrend could be losing steam and that a trend reversal or a corrective move might be on the horizon.
Confirmation Required: It's important to note that bearish divergence alone is not a guaranteed signal of a trend reversal. Traders and analysts usually wait for additional confirming signals before making trading decisions. This could include looking for candlestick patterns, trendline breaks, or other technical patterns that align with the potential reversal.
Here's a simple example:
Imagine you are looking at the price chart of $KAS which has been in an uptrend. The price makes higher highs, reaching new peaks. However, when you look at the RSI indicator, you notice that it's not making higher highs and instead is forming lower highs. This discrepancy between the price movement and the RSI is a bearish divergence and might suggest that the bullish momentum could be waning.
Keep in mind that while bearish divergence can be a useful tool in technical analysis, it's not foolproof, and false signals can occur. It's important to use it in conjunction with other technical indicators, fundamental analysis, and risk management techniques to make informed trading decisions.