KAS/USDT Technical Analysis in 2-Day Timeframe.

30 giu

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Now, let’s dive into this chart analysis:

KAS in the last 48 hours made a new all-time high of $0.198, breaking out above the current resistance level of $0.183.

In the past, whenever KAS broke out above the resistance, it made some outstanding rallies.

Initial Breakout:
~ Period: Late 2022 to early 2023
~ Breakout Point: $0.007
~ Performance: Following the breakout from the symmetrical triangle, KAS/USDT witnessed an impressive upward move, achieving a staggering gain of 500.73%.

Consolidation and Second Rally:
~ Period: Mid-2023
~ Breakout Point: $0.022
~ Performance: The ascending triangle pattern indicated a bullish continuation, which played out with a 170.62% rise from the breakout point.

Current Structure:
~ Breakout Potential: KAS is currently breaking out of another resistance trendline, suggesting a bullish continuation.
~ Projected Target: Based on the height of the triangle, the projected price target is $0.55, representing a potential gain of 201.92% from the breakout point.

Moving Averages:

The chart shows the 100EMA (in purple) acting as dynamic support, consistently supporting the price during pullbacks.

Buy Zone: Consider entries around the breakout point ($0.18).

Targets: $0.32 to $0.54.

Invalidation Point: KAS breaking down and getting rejected below the current resistance.

DYOR. NFA.

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#Kaspa