KASPA very bearish..After my VERY SUCCESFUL prediction about Kaspa, im back again.
Kaspa is entering bearish period. As you can see with the latest breakout to ATH (0,054) Volume was even lower than previous times, which is absolutely bearish. After the breakout, KASPA immediatly dumped to 0,043, which is another bearish sign. It seems whales just wanted to exit and needed a little bit liquidity (which they are not getting).
Beside of this, You see Kaspa has made DOUBLE TOP, this is one of the most bearish patterns, I dont see Kaspa going any higher and i expect a huge dump towards at least 0,025.
BE CAREFUL.
My PREVIOUS prediction about Kaspa was PERFECT:
MEXC:KASUSDT KUCOIN:KASUSDT CRYPTO:KASUSD COINEX:KASUSDT
KASUSDT
KAS MIGHT FALL : Bearish Divergence 📉 It's crucial to approach trading with a discerning eye. The KAS token has recently formed a significant rising wedge pattern, a bearish indicator, and to add to the complexity, it's showing signs of a bearish divergence. This double whammy serves as a warning to traders to exercise caution. 📊🚫
The Rising Wedge Pattern:
Rising wedges are typically bearish patterns, suggesting a potential price decrease. However, the crypto world is known for its unpredictability, so it's wise to be cautious. 📉🐻
Bearish Divergence:
Adding to the intrigue is the presence of a bearish divergence, where price forms higher highs while the corresponding oscillator (like RSI) creates lower highs. This phenomenon signals potential weakening in buying momentum. 📈📉
A Word of Caution:
It's crucial for traders to tread carefully when considering positions on KAS:
Risk Management: Employ rigorous risk management strategies, such as stop-loss orders, to safeguard your investments.
Thorough Research: Always conduct thorough research into the fundamentals and recent news related to KAS to make informed decisions.
Patient Entry: Should you consider short positions, exercise patience and wait for a confirmation of the bearish trend. This might involve a retest of the wedge border.
Conclusion:
The cryptocurrency market is known for its unique characteristics, and patterns can be informative, but they don't always guarantee outcomes.
Market dynamics, liquidity, and unpredictable events can influence prices, and traders should remain vigilant and adapt their strategies accordingly.
While the rising wedge and bearish divergence are worth noting, they are not the sole determinants of market movements. Trade wisely, and always be prepared for the unexpected.
Happy trading,
📉
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
Kas/Usdt (Bearish Behavior) Confluences to short:
1. Breaking out of the rising Bear Flag (watching)
2. Head and Shoulder pattern (confirmed)
3. Bearish Divergence on WEEKLY (confirmed)
4. Closing and retesting below 50 days EMA (watching)
Will be updating you guys on step by step process, stay tuned.
NOTE: DON'T SHORT IT YET, WAIT FOR ALL THE CONFIRMATION. TRADE AT YOUR OWN RISK.
KASUSDT Elliott Waves Analysis (time to fall)Hello friends.
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Everything on the chart.
Entry: market and higher
Targets: 0.3 - 0.2 - 0.13
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
Is Kaspa close to an imminent correction?This is not an investment advice but a humble idea of a potential crypto enthusiast.
Kaspa has represented a real exception within the current market conditions that have been experienced for some weeks now.
Kaspa has made a new ATH, something that for the holders is a success and for Short futures traders a misfortune.
However, not everything seems to be following the same path. The RSI is showing a real monstrous bearish divergence since weeks ago. And with this new ATH, things don't seem to be getting any better.
This points to a healthy (I might even say necessary) correction. Although, for this to happen, we must first fall below its trend line.
After the breakout, a pullback should be made near the dynamic support and continue with the correction.
If, consequently, the critical support is broken, there will be 2 important zones left to start an accumulation phase. Such areas are potential for the next bull market.
Buy zone 1: $0.024 - $0.022
Buy zone 2: $0.014 - $0.013
Managing purchases and following the plan is paramount to your financial success. Do your own research and decide your future.
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In this small space, I thank those who have seen my ideas and have given their support!
How High Can Kaspa Go?ATM, it looks like Kaspa is on the verge of a breakout and a new ATH.
First, a word of caution. You should be bearish at resistance. If you want to trade this as a breakout trade, wait for confirmation. Meaning that you should wait for a S/R flip.
Regardless, the question is, if Kaspa does break out, ho high can it go?
To try and answer the question I will use the following tools:
1. The RSI as a momentum indicator.
2. Classical charting.
3. The Echo indicator by Lux Algo.
First, let’s have a look at the RSI:
• Weekly RSI is at 67. Bullish and not yet oversold. No bearish Div.
• Daily RSI is at 70. Hot, but it could go a lot higher before a pullback. No bearish Div.
• 4H RSI is at 72. Hot, but it too could go a lot higher. However, on the 4H we do have a
bearish divergence. Pay attention to that because it could lead to a pullback.
My conclusion is that there is almost no bearish momentum. Kaspa is bullish and far from being exhausted.
Classical Charting:
On the daily TF, it looks as if Kaspa is forming a cup and handle with a target of 7 cents.
There is additional confluence for this breakout from previous bullish patterns that you can see in the linked ideas.
Echo indicator by Lux Algo:
I changed the settings on the Echo indicator on the evaluation window and forecast window to 100.
Note that if I was using the default settings, the indicator’s prediction is a pullback to the 3.5 cents area. A possibility that is still very much on the table!
However, I examined the modified settings against my expectations for Bitcoin and other assets, and IMO, this is the most accurate.
According to the Echo indicator, Kaspa could go as high as 8.3 cents.
Please use risk management and remember that we are at resistance.
NFA.
What do you think? Please share in the comments.
Best Wishes.
Charting the Path - KASUSDT Uptrend Story💎#KASUSDT has recently delivered an impressive performance, marking an almost 60% price surge since the month's commencement. This upward trajectory initiated following a bounce from the 50% Fibonacci support level at $0.032. Simultaneously, we observed a decisive rejection of the long-term uptrend trendline. These two pivotal events propelled the price upward, breaching the 50 Exponential Moving Average on the daily chart.
💎This price action underscores the credibility of a robust uptrend, significantly enhancing the likelihood of further growth. Consequently, #KASPA is poised to set its sights on one of the double Fibonacci resistance levels, situated at either $0.065 or $0.085.
💎However, prudent traders, or Paradisers as we like to call them, remain vigilant for opportune buying moments amidst the ascent. They avoid chasing the asset at its peak. Simultaneously, it's imperative to prepare for the scenario in which the price breaks below the recent support at $0.036. Such an occurrence would cast doubt on the continuation of the uptrend.
💎In light of these factors, implementing a sound money management strategy alongside clearly defined support and resistance levels is imperative for a well-rounded approach to trading.
KASUSDTKASUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 38% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high could be 0.05200.
KAS/USDT planning downward move? 👀 KASPA Today AnalysisParadisers, gear up for a compelling opportunity with KASUSDT! After experiencing a notable uptick, it now seems to be gearing up for a potential downward shift👀
💎In our previous observations, we noticed that what was once a supply zone has transformed into a demand area. The price disregarded the bearish Order Block and soared, only to face resistance at the 0.050924 level. KAS now hovering around a retest of the demand zone.
💎Interestingly, the price has failed to establish a new higher high, and buying pressure appears to be waning. This suggests that selling pressure could be imminent.
💎The fixed volume profile also indicates significant volume at our target level, where the price of KASPA may face rejection. Additionally, there's a bullish Order Block at this level.
Keep your charts updated and Stay one step ahead of the market 🌟 🌴
KAS / KASUSDTGOOD LUCK>>>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
#KAS/USDT 4h (ByBit) Broadening wedge on resistanceKaspa is facing 200MA where it already got rejected once, seems likely to retrace down to 50MA support.
⚡️⚡️ #KAS/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (6.7X)
Amount: 5.0%
Current Price:
0.03945
Entry Targets:
1) 0.04020
Take-Profit Targets:
1) 0.03540
Stop Targets:
1) 0.04260
Published By: @Zblaba
$KAS BYBIT:KASUSDT.P #Kaspa #L1 #PoW kaspa.org
Risk/Reward= 1:2.0
Expected Profit= +80.0%
Possible Loss= -40.0%
Estimated Gaintime= 4-8 days
KASPA kas/usdt (Head and shoulder) ?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 "shoulders"). Here's how the pattern is typically identified:
Left Shoulder: This is the first peak and occurs during an uptrend.
Head: The highest peak of the pattern, representing a brief consolidation or continuation of the uptrend.
Right Shoulder: This is the third peak, usually lower than the head, and forms after a minor rally from the head.
The pattern is considered complete when there is a confirmation of a trend reversal. Traders often look for specific criteria to confirm the pattern:
Neckline: Draw a line connecting the lows of the left shoulder and the right shoulder. The neckline serves as a key support level.
Breakdown: A breakdown occurs when the price of the asset falls below the neckline, indicating that the pattern is valid and a trend reversal may be underway.
Volume: It's common to see a significant increase in trading volume when the breakdown occurs, confirming the pattern.
Once the head and shoulders pattern is confirmed, traders often use it as a signal to open short positions (sell) or to close long positions (take profits) in anticipation of a bearish move in the price of the asset.
It's important to note that while the head and shoulders pattern is a widely recognized and studied technical pattern, it is not foolproof, and false signals can occur. Traders often use additional technical analysis tools and indicators to confirm their trading decisions and manage risk.
In summary, the head and shoulders pattern in trading is a bearish reversal pattern that forms after an uptrend and is characterized by three peaks, with the middle peak (the head) being higher than the two surrounding peaks (the shoulders). It can be a signal that a trend reversal is imminent, but traders should use additional analysis and risk management strategies when trading based on this pattern.
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
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.
KASUSDT at daily support, likely to head to 0.03745The 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.
KASUSDT at 4h resistance, likely to head downThe price has bounced well from the daily support DS1 which was our target for the last short trade. We did not take any long though it was a good opportunity for going long. However, now price is coming close to 4h resistance 4HR1 area. I think this zone shall resist the price and push it down again towards the daily support zone. Since the price has strength moving upwards, I will keep the size small for this short trade.
KASUSDT likely to head to daily support 0.034-0.035The price bounce from hourly support HS1 and hit the hourly resistance HR1. The price is likely to move further down from here towards daily resistance DS1. This makes a short trade favorable here. The target of this short trade should be the daily support DS1 around 0.034-0.035. There is another large time frame idea of the price heading towards weekly support but thats not presented here as we would like to do multiple trades here and therefore, trading mid time frame levels.