Kaspa Potential Buy Level - Sell Zones Technical Evaluation
We Have had alot of requests lately to chart this asset, currently, I would not recommend buying this token until it crosses some pivotal levels outlined in the chart, or it drops to my buy level. The R/R level on this asset is just not to my liking, I would recommend setting alerts or limit orders at my target buy-in level ($.09229)
Here is a breakdown of the prices outlined in my chart.
Heavy Support level: .08811
Target Buy-in Level: .09229
Major Resistance: .11128
Target 1 Sell-Level: .12586
Major Resistance level 2: .17181
Target 2 Sell-Level: .18673
Minor Resistance level: .20994
Target 3 Sell-Level .30886
Now for some fundamental analysis on Kaspa
At the current moment in time there is a ton of misinformation regarding this coin going on, For example a large amount of bag holders are exclaiming "A binance or Kucoin listing is surely around the corner" and "This whale wallet buying and moving all this KAS is actually Binance"
The latter can be disproved with 5 minutes of internet surfing and a tiny bit of logical deduction, The so called "binance wallet" interacting with this large amount of kaspa is actually Kucoins Kaspa holdings and it has been steadily decreasing since December 21st
https://coinmarketcap.com/community/post/332465493/
The desperation of bag holders who missed the top is a negative factor contributing to the downward trend in KAS we have witnessed recently, which is why I am waiting for a solid entry point before actually entering this position. I recommend you set alert levels at my Potential buy-in level 1 and Major Resistance 1 and Target 1 sell-level.
Here is a bit of General information about KAS (Referenced from coinmarketcap)
Kaspa is a proof-of-work (PoW) cryptocurrency which implements the GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG does not orphan blocks created in parallel, rather allows them to coexist and orders them in consensus. The Kaspa blockchain is actually a blockDAG. This generalization of Nakamoto consensus allows for secure operation while maintaining very high block rates (currently one block per second, aiming for 10/sec, dreaming of 100/sec) and minuscule confirmation times dominated by internet latency.
The Kaspa implementation includes a lot of cool features such as Reachability to query the DAG's topology, Block data pruning (with near-future plans for block header pruning), SPV proofs, and later subnetwork support which will make future implementation of layer 2 solutions much easier.
Here is a breakdown of the prices outlined in my chart.
Heavy Support level: .08811
Target Buy-in Level: .09229
Major Resistance: .11128
Target 1 Sell-Level: .12586
Major Resistance level 2: .17181
Target 2 Sell-Level: .18673
Minor Resistance level: .20994
Target 3 Sell-Level .30886
Now for some fundamental analysis on Kaspa
At the current moment in time there is a ton of misinformation regarding this coin going on, For example a large amount of bag holders are exclaiming "A binance or Kucoin listing is surely around the corner" and "This whale wallet buying and moving all this KAS is actually Binance"
The latter can be disproved with 5 minutes of internet surfing and a tiny bit of logical deduction, The so called "binance wallet" interacting with this large amount of kaspa is actually Kucoins Kaspa holdings and it has been steadily decreasing since December 21st
https://coinmarketcap.com/community/post/332465493/
The desperation of bag holders who missed the top is a negative factor contributing to the downward trend in KAS we have witnessed recently, which is why I am waiting for a solid entry point before actually entering this position. I recommend you set alert levels at my Potential buy-in level 1 and Major Resistance 1 and Target 1 sell-level.
Here is a bit of General information about KAS (Referenced from coinmarketcap)
Kaspa is a proof-of-work (PoW) cryptocurrency which implements the GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG does not orphan blocks created in parallel, rather allows them to coexist and orders them in consensus. The Kaspa blockchain is actually a blockDAG. This generalization of Nakamoto consensus allows for secure operation while maintaining very high block rates (currently one block per second, aiming for 10/sec, dreaming of 100/sec) and minuscule confirmation times dominated by internet latency.
The Kaspa implementation includes a lot of cool features such as Reachability to query the DAG's topology, Block data pruning (with near-future plans for block header pruning), SPV proofs, and later subnetwork support which will make future implementation of layer 2 solutions much easier.
Trade active:
Target Buy in Level Hit - (.09229)
Trade active:
Target 1 Hit
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