KASUSDT Long Setup
Confirmations:
- Weekly Stoch RSI cross over
- Bounced beautifully from 0.618 fib level of 0.097 range
- Successful retest of weekly bull flag breakout support which coincides with 0.382 fib level
Entry: 0.11
TP: 0.378
SL: 0.099
It’s a swing long which can play out in weeks if not months.
I'm excited to share a technical analysis of KAS/USDT, where the project Kaspa introduces a revolutionary blockDAG structure based on the GhostDAG/PHANTOM protocol. This innovative approach makes Kaspa the fastest and most scalable instant confirmation transaction layer built on a proof-of-work engine.
Key Project Information:
Coin: KAS/USDT
Project: Kaspa,...
MEXC:KASUSDT Long idea
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In trading, the term "head and shoulders" refers to a popular chart pattern used in technical analysis to predict potential trend reversals. The head and shoulders pattern typically forms after an uptrend and is considered a bearish reversal pattern. It consists of three peaks or highs, with the middle peak (the "head") being higher than the two surrounding peaks...
The price has come back again to the daily support DS1 which was also the target of our last two short trades. I think the price is likely to bounce from here towards 4h resistance zone 4HR1. I think a long is favorable here with a target of 0.03745. Lets try this long.
The price has been rejected from weekly resistance and currently trading at hourly support. The price is likely to bounce here towards LTF resistance. Therefore a long trade is favorable here. The target of the trade should be 0.039636.
