Based on the Pi Cycle Top Indicator I am calling for a $1.16 price for Kaspa by end of September 2024. I am basing this using the Pi Cycle Top Indicator which is an amazing metric that predicts the peaks on BTC and since Kaspa follows BTC in both a macro and micro position I thought why not use the Pi Cycle Top on Kaspa as well. There are other metrics used here...
Back in November (Nov 21 2023) we made a case of why Kaspa (KASUSD) could be imitating Bitcoin's and Ethereum's trend and came up with a logarithmic curve for its growth:
As you can see, in 5 months since then, it has respected this trend-line to perfection. Zooming in on the 1D time-frame, we can see that a shorter term Channel Up pattern is involved. Every...
Are we ready for an explosion in KAS price? After playing around with the long-term blue support line (lower bound of an ascending channel on the log chart), and simultaneously bouncing off the upper bound of a previous consolidation zone (green rectangle in left chart), KAS looks like its still building strength. Its now attempting to break out from a shorter...
More lines.
As stated yesterday, KAS is playing with the long-term logarithmic channel. Let's see what happens.
Stochastic has ticked over from oversold on the 4hr chart.
As described previously, the blue channel line shown on this logarithmic chart has been a marker of discount buying strength for KAS since May 2023. In the past, I have used this as a tool (along with other technicals) to buy more KAS. In my last post about KAS I alluded to a negative break through this channel if KAS is obeying the power law, however, given my...
KASUSD has one of the most organic charts in crypto currently. As I've stated before, its no surprise when you consider it had a fair launch, with limited marketing (therefore it hasn't drawn in social media moon bois that will pump it and dump it), and, so far, no major tier-one exchange listings. This reduces the risk of exposure to 'market makers' and...
I found a very intresting pattern in KASPA
we started with a Breakout to 0.618 FIB , takes 56 DAYS
Then we have a Retest to , 0.38 to 0.5 FIB , takes 28 DAYS
Then we have the main Extention leg to 6.618 FIB of the correction retest wave , takes 81 Days
This pattern has played out already 2.5 Times perfectly , according to this projection I have charted KASPA...
I have 5 reasons why I believe Kaspa can reach a target price of $0.35 by April 7th:
1) We have an ascending wedge starting April 2nd, 2023 from April peak to November 19th peak. This wedge will act as resistance once Kaspa hits the top of this wedge by April 7th.
2) We have two previous percentage increases (green box) 331% & 373% which when averaged out gives us...
I've been able to follow and pick up positions on every major move in KAS since September 2023 and its all due to simple good old fashioned trend lines on a log chart. Keeping it simple. Why does this work so well on KAS? Because its a fair launch that's undergoing extremely organic growth. That's exceedingly rare in crypto these days.
The obvious 20 cents is the...
New non-parallel channel bull flag formed. Non-parallels can indicate a reduction in buying power, so time will tell. But a possible route for KAS if BTC pumps more today.
So far today, KAS has made absolute mincemeat of the immediate resistance, which, including a re-test after previous change of character, tested it 4 times prior. Where will DAG power take us, to new ATH high today?
KAS is showing some good strength by consolidating. Its slowly creeping across, with the logarithmic regression line coming up to meet it and the moving averages levelling out (NB: my MA's are set more for scalping). Going to be interesting to see what happens now between here and the halving. It could be preparing for a BIG move up. If it drops below the...
It's always shaky business making projections off of a logarithmic regression band with so little data, given that the Kaspa token is still relatively young. Will the current crypto drop drag KAS down to the logarithmic regression band (roughly coincides with 0.618 fib and previous short-lived buying zone) at $0.088 today? Or will it drop further to the 0.786 fib...
I know this irks some crypto investors and moon boys, but I believe there will be at least a 20% correction in the market before or around the time of the halving. Not only has this happened before but generally its a healthy thing for the resulting bull run as it flushes out weak liquidity and can filter poor projects.
KAS is currently showing strength by...
Is KAS about to break out of the descending channel? Will likely need more volume, but lets see. I fortunately have my KAS bags packed from mid 2023; if I was looking to get in on KAS I would be cautious at this time to buy with alt coin weakness, and uncertainty around the BTC ETF. IF it comes down to green support areas, and especially if it tanks it to the...
As with all trading systems, there are no guarantees with technical analysis. The ascending channel may not be the best-fit or may be a curve rather than a straight trend line, the instrument may not be following a logarithmic progression, the markets may completely surprise us with more powerful fundamental news etc.
With KAS today, its playing with both the...
Not financial advice.
Trade idea moving forward.
Short idea
Entry current price.
Stop loss .122
Take profit target .08-.081
Please look on chart at each time we lose these triangle's.
They are 23% windows. If we have a 3 day close below .103 our next target will be .08-.081
Classic distribution patterns and thick orange trendline is the ascending line from its...
