I was waiting to sell about 25 more ETH to accumulate ~1 million Kaspa if KAS/ETH hits ~0.000025 or lower; base on the orange measured move drawn and circled (at the bottom thick yellow support line).
However, it appears a bullish is starting to form on the FG{50/15} histogram, and the previous daily candle on the 7Feb2025 engulfs the previous red candle on the 6Feb2025.
If KAS/ETH is able to break above the golden pocket (dashed horizontal thick yellow line), and then subsequently breaks above the top of the narrowing wedge (defined by thin white lines), then it is likely for KAS to continue above the 50 Fib retrace level and to the top of the thick yellow long-term resistance level.
Note: Here the Fib levels were redrawn, as comparted to my earlier published analysis.
If KAS/ETH breaks below the golden pocket at the 65% retrace lvl, then opportunity to accumulate KAS from ETH at or below 0.000025 ETH per KAS will then become likely.
However, it appears a bullish is starting to form on the FG{50/15} histogram, and the previous daily candle on the 7Feb2025 engulfs the previous red candle on the 6Feb2025.
If KAS/ETH is able to break above the golden pocket (dashed horizontal thick yellow line), and then subsequently breaks above the top of the narrowing wedge (defined by thin white lines), then it is likely for KAS to continue above the 50 Fib retrace level and to the top of the thick yellow long-term resistance level.
Note: Here the Fib levels were redrawn, as comparted to my earlier published analysis.
If KAS/ETH breaks below the golden pocket at the 65% retrace lvl, then opportunity to accumulate KAS from ETH at or below 0.000025 ETH per KAS will then become likely.
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Stopped accumulation.Next resistance at about 0.00005 KAS/ETH.
Good to take a small profit there if one is trading.
As for me, I am merely finding good prices to accumulate more into KAS for the long term.
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Typo on the OP second paragraph: "..it appears a bullish divergence is starting..", missing word is in italics here.Nota
Found support above the top of the narrowing wedge (thin white lines), and FG histogram have just turned green!Nota
First bullish divergence on the long-term (weekly) chart for Kaspa vs BTC has appeared.Nota
Consecutive bullish divergence on the FG oscillator for KAS vs BTC on the daily:Nota
KAS/ETH chart on the daily: Presently being rejected by the 50% Fib retrace level after earlier getting rejected by the yellow long-term resistance line.Confirm bullish if manages to pierce above the yellow resistance line.
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Final a higher low set?However bearish orange Ichicloud needs to narrow and turn green for a more likely reversal back to ATH now.
Also following the BTC chart which is down atm and possibly may be heading towards ~$78kUSD
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KAS/USD chart:Rejection by the white line. Measured move at 5 cents.
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This level need to hold. Looking like KAS has found support atm at least, after the "crypto reserve announcement" pump on Sunday.Nota
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