Kaspa ($KAS) - Long Setup on MS Break and Reclaim of Range EqCurrently looking for a structure like this to play out on Kaspa.
Criteria is
- sweep in demand while holding that range low with only deviations below as acceptable
- consolidate inside range for an ultimate reclaim of key S/R in green zone
Time will tell and will only take the trade if it plays out similar to this structure, timing of it has next to no meaning but will use this timeframe (daily).
Cheers
Kas
Kaspa vs. Bitcoin: A Tale of Two Crypto TitansKaspa vs. Bitcoin: A Tale of Two Crypto Titans
In the ever-evolving world of cryptocurrency, new contenders emerge to challenge the established giants. Among them stands Kaspa, a rising star boasting innovative technology and a dedicated community. While Bitcoin remains the undisputed king, Kaspa presents a compelling alternative with its unique features and potential.
Technological Divergence:
The most fundamental difference lies in the underlying technology. Bitcoin operates on a traditional blockchain, a linear chain of blocks recording transactions. Kaspa, on the other hand, utilizes a Directed Acyclic Graph (DAG), offering faster transaction speeds and scalability. This DAG structure allows for concurrent transactions, significantly increasing throughput compared to Bitcoin's single block per 10 minutes.
Pros and Cons:
Kaspa:
Pros:
Faster Transactions: Kaspa boasts significantly faster transaction speeds, enabling near-instantaneous confirmation compared to Bitcoin's hour-long wait times.
Scalability: The DAG architecture allows for theoretically unlimited scalability, potentially accommodating millions of transactions per second.
Fair Distribution: No pre-mine or ICO ensures a fair launch with an even playing field for all participants.
Mining Efficiency: Kaspa's mining algorithm is designed to be energy-efficient, offering a more sustainable alternative to Bitcoin.
Cons:
Market Maturity: Kaspa is a young project with a relatively small market cap compared to Bitcoin, making it more susceptible to market fluctuations.
Development Stage: While the technology is innovative, it is still under development, and its long-term viability remains to be seen.
Limited Adoption: Kaspa's acceptance and use cases are still in their infancy, limiting its real-world application compared to Bitcoin.
Bitcoin:
Pros:
First Mover Advantage: Bitcoin enjoys the first-mover advantage and established brand recognition, leading to widespread adoption and high liquidity.
Security and Stability: Bitcoin's network is extremely secure and has proven its resilience over time, making it a trusted store of value.
Large Ecosystem: A vast ecosystem of businesses and services supports Bitcoin, facilitating its use in various aspects of the economy.
Cons:
Scalability Issues: Bitcoin's blockchain technology struggles with scalability, resulting in slow transaction speeds and high fees.
Energy Consumption: Bitcoin mining consumes a significant amount of energy, raising concerns about its environmental impact.
Centralization Concerns: Mining pools control a large portion of the network, potentially leading to centralization and manipulation.
Price Target:
Predicting the future price of any cryptocurrency is a near impossible task. However, considering Kaspa's promising technology, fair launch, and growing community, its price potential is attracting attention. Some analysts suggest it could reach $100-$200 within the next few years, while optimistic projections even mention $500-$1000 in the long run.
Conclusion:
Kaspa and Bitcoin represent two distinct visions for the future of cryptocurrency. While Bitcoin remains the dominant force, Kaspa offers a glimpse into a potentially faster, more scalable, and sustainable future. Ultimately, the choice between them depends on individual investment strategies and risk tolerance. While Bitcoin offers stability and widespread adoption, Kaspa carries the potential for significant growth and innovation. Regardless of individual preferences, it is clear that both projects are shaping the future of cryptocurrency, pushing the boundaries of technology and challenging the established norms.
*Kaspa began trending late in 2023 as it was listed on Binance Futures. Having already seen an increase of 81,654% since the start of price data. Launched on November 7th, 2021, and the first price data comes from June 1st, 2022, where KAS traded hands for $0.0001699, its all-time low. It traded sideways until November 2022, when it saw a 694% increase in price, reaching almost $0.01 per coin.
After starting 2023 trading at $0.005278 per KAS, the price has since risen to a high of $0.154, an increase of 2,818%.
From May to August 2023, in anticipation of Kaspa’s first Halving event, Kaspa saw a rise of 273%.
Kaspa looks to be in a wave 3 heading to 23c up to 49-50c after it made a cup and handle pattern.
This is not financial advice!
KAS Trading the Ascending Channel: A Liquidity Game !🚀🚀 In the bustling world of crypto trading, KAS has caught the attention of many as it gracefully maneuvers within the confines of an ascending channel. While the upper boundary may seem like a resistant force, a closer look reveals a nuanced interplay of liquidity dynamics that could potentially propel KAS into a parabolic ascent.
Chart Analysis: The Ascending Channel Dance
Ascending Channel Dynamics:
KAS has been gracefully traversing within the confines of an ascending channel, characterized by higher highs and higher lows.
Traders are observing closely, especially as price action reaches the upper boundary of the channel.
Liquidity Pools and Trading Sentiment:
The upper boundary of the channel serves as a zone of interest for both bulls and bears.
Many traders attempt to short as the price hits the upper limit, expecting a pullback. However, the real game might be played around the liquidity pool created by stop-loss orders just above the upper border.
Anticipated Scenarios: Charting the Course Ahead
Parabolic Surge Scenario:
If KAS defies the expectations of short-sellers and surges beyond the upper boundary, triggering stop-loss orders, a parabolic rally might ensue.
This could be fueled by a cascade of liquidations and FOMO (Fear of Missing Out) buying.
Retest and Rally Scenario:
Alternatively, KAS might undergo a retest of the lower boundary before launching a robust upward move.
A successful retest could provide a strong foundation for a sustained bullish trend.
Strategic Approaches: Navigating the Channel
Short-Term Caution:
Short-term traders should exercise caution when attempting to short at the upper boundary, considering the potential for unexpected upward movements.
Long-Term Optimism:
Long-term investors might find value in assessing the overall trend and considering potential accumulation opportunities during retests.
Conclusion: Navigating the Liquidity Game
As KAS dances within the ascending channel, traders find themselves at the intersection of technical analysis and liquidity dynamics. The upper boundary serves not only as a technical resistance but also as a stage for a liquidity game that could dictate the trajectory of KAS in the coming weeks.
🔄 Riding the Channel Waves | 🚀 Unlocking Liquidity Dynamics | 🔄 Navigating the Ascendancy
❗See related ideas below❗
Share your insights on KAS's ascending channel and contribute to the collaborative analysis, enhancing our collective understanding of this intriguing digital asset. 💚📈💚
KASPA a Technical Marvel Kaspa MEXC:KASUSDT is displaying an beautiful technical chart, showcasing a high degree of respect for key levels.
Your support means the world, so smash that like button to keep the motivation flowing! 💙💛
The current price action forms a compelling Symmetrical Triangle , setting the stage for next move.
Let's jump into the details!
Key Support Levels:
$0.080
$0.093
$0.114
These support levels act as robust foundations, indicating potential bounce-back points in the event of a downturn.
Key Resistance Levels:
$0.143
$0.177
These resistance levels represent significant hurdles that Kaspa must overcome to move in a sustained upward trajectory.
The presence of a Rising Fibonacci Channel adds another layer to the chart's complexity, reflecting a dynamic uptrend environment . This suggests that Kaspa is in a phase of positive momentum, further enhancing its overall bullish outlook.
As the symmetrical triangle tightens its grip, we should closely monitor the breakout direction for potential trading opportunities.
Keep a watchful eye on Kaspa as it navigates through these critical levels, presenting exciting prospects for those attuned to the nuances of this technical masterpiece.
KAS LONG SETUPHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the KAS symbol.
By protecting the green zone, it can move up and defeat the previous peak.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
KASUSD: The rally isn't over. Price can double.Kaspa is having one of the most aggressive rallies in the high capitalization category, positng the strongest weekly gains on the fifth straight green week. The 1D timeframe is obviously overbought (RSI = 86.789, MACD = 0.016, ADX = 53.378) but this rally can extend more based on the previous bullish sequence inside the annual Channel Up.
More specifically, the previous HH was made approximately on the 2.5 Fibonacci extension. In the meantime the 1W RSI peaked on a HH trendline. We have a similar pattern that is being followed currently so we expect KAS to reach again the 2.5 Fibonacci level and that's our target (TP = 0.28000) soon in order to form the new HH.
See how our prior idea has worked:
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🚨 **KASUSD Alert: Caution Advised!** 📉🔍- **Current Scenario:** KASUSD is exhibiting notably high levels, potentially signaling an imminent dump.
- **Strategic Approach:** Consider using this coin for scalping, but exercise extreme caution.
- **Risk Management Tips:** Utilize low leverage and limit exposure to funds to navigate potential volatility.
Stay updated with Bitxer for the latest on new coins and market dynamics. Stay cautious, stay informed! 🌐💡📉
KAS USDT By HesamUNT ( New Update )hey traders
we had an ascending triangle around 0.0539999 and we got this move
Now im looking for short entry around 0.122270 which confirmed by dynamic lvl
as u can see theres a bull flag in this chart, we can take the fresh support as a potential support area in first n second touches, and then we can expect another range market between fresh support and classical lvl till break up/down confirmation in daily TF
Also Classical lvl confirmed by Ichi and SenkouA as a potential support area
what u think about KAS ?
is this over ?
share ur chart and leave a comment
KASPA middle term targetsMEXC:KASUSDT
Possible Targets and explanation idea
➡️Since summer 2022 KAS gain over 25000% without corrections
➡️Since listing on MEXC we are only in distribution zones on weekly
➡️Waiting potential small correction and pump to 0.5 extension fib level 0.06
➡️Forming divergency and TD pattern before massive correction after October/November
➡️In accumulation zone to everyone who wanna buy again will be time for accumulation
➡️At 0.06 people who bought at listing price will be in 12000% gains profit.
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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KASUSD Pull-back soon, which will be a buy opportunity.Kaspa (KASUSD) has been on a 5-day bullish run as it first consolidated on the 1D MA50 (blue trend-line) and bottom (Higher Lows trend-line) of the 5-month Channel Up, solidifying it as the Support.
The 1D RSI is extremely overbought above 80.00 and soon that should transcend into a technical pull-back. The current rise resembles that of June, which extended to +105%, then pulled-back near the 0.5 Fibonacci retracement level and the 1D MA50 and started the final and most aggressive leg of +155% to the Channel's new Higher High.
As a result we will look to buy at the end of a potential 1 week pull-back and target 0.16000 (estimated +155%).
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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,
📉
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KAS | LONG - ABC CorrectionKAS is one of the strongest coins in the bear market at this moment.
We just had our ABC correction and now the MACD-Histogram is showing a bullish divergence.
KAS corrected to the golden ratio on the Fib and order block.
All together, I'm looking for a long trade, keep risk low!
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.
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/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
Lowest risk entry on KAS - BULLISHKaspa currently finds itself at the bottom of the ascending channel, which has been a consistent support level.
Also near the bull market support band (20/21 week sma/ema), which has also been a support level.
Holding until the top end of the channel would provide nice ROI from an entry from this level if it holds again.
We also have a cup and handle (with a higher handle) that is still playing out.
KAS vs Early BTC: The Ascending ChannelYou can see here that the ascending channel that $KAS finds itself in is very similar to the early channel that BTC traded in before breaking out to $30.
If Kaspa repeats something similar, as it already is doing, it could lead to an epic move north of $1.00 USD.
KAS also consistently bounces off the 20/21 week SMA/EMA as has always done during a bull rally (green and red lines).
Any touches of those moving averages are strong buys, as far as I'm concerned. I'm not sure we will get a touch again in the near term, as the bottom side of the channel may hold as support.
It seems like we are in a deep value zone right now.
Previous monthly ATH close was around .0324, and that has held so far (not shown here). Also confluent with the bottom of the channel.
Downside is limited IMO. Bullish.