TECHNICAL ANALYSIS – KASPA/USDT (Daily Chart)
Chart Pattern & Price Action:
Descending Channel (Falling Wedge): KASPA has been trading within a falling wedge pattern, typically a bullish reversal setup.
Breakout Zone Approaching: Price is currently testing the upper resistance of the wedge (~$0.086–$0.088). A breakout from this level may indicate trend reversal.
Key Resistance Zone:
$0.105 – $0.127: Significant supply area (marked in red). Previously rejected, it is the next target if price breaks out upward.
Support Zone:
$0.073 – $0.082: Demand zone. Coincides with the Bollinger Band lower range and historical support.
Indicators Overview:
Bollinger Bands:
Price is trading at or near the middle band, showing a neutral-to-slightly bearish bias.
A breakout above the upper band (~$0.0895) could trigger bullish momentum.
MACD (VMC Cipher_B_Divergences):
Strong bearish momentum continues, but we can observe potential bullish divergence forming.
Green dot signal at the bottom may indicate a possible local bottom.
RSI (Relative Strength Index):
Currently at 37.06, near oversold territory.
Could signal a bounce if RSI climbs above 40 and confirms strength.
Money Flow Index (Art’ Money Flow):
MFI is deep in negative; however, these levels often precede trend reversals.
Watch for a crossover into positive territory as confirmation.
Stochastic RSI:
Bullish crossover around 14.53 / 15.67 in the oversold zone.
Early sign of potential short-term bounce.
TRADING PLAN
Entry Points:
Zone Type Price Range Reason
Buy Spot 1 Conservative $0.073 – $0.082 Strong historical support & bottom of wedge
Buy Spot 2 Aggressive ~$0.086 – $0.089 Breakout of descending wedge
Buy Spot 3 Momentum Break above $0.105 Bullish confirmation + breakout of major resistance
Take Profit Zones:
TP Level Price Notes
TP1 $0.105 First resistance / psychological level
TP2 $0.127 Strong resistance – expect rejection here
TP3 $0.15–0.16 Major extension target if strong momentum
Stop-Loss Strategy:
Strategy Type Placement
Conservative Below $0.073
Aggressive Below $0.080
Risk Management:
Use position sizing relative to account size (e.g., 1–3% risk per trade).
Adjust stop-loss dynamically if entering at breakout.
Combine with on-chain metrics or volume spikes for higher conviction.
SCENARIOS:
🔼 Bullish Scenario (Blue Up Arrow):
Breakout above wedge → retest → rally toward $0.105+
Break $0.105 confirms macro uptrend continuation
🔽 Bearish Scenario (Blue Down Arrow):
Rejection at wedge top → breakdown of $0.082 → revisit $0.073 support
Below $0.073 would invalidate short-term bullish structure
Chart Pattern & Price Action:
Descending Channel (Falling Wedge): KASPA has been trading within a falling wedge pattern, typically a bullish reversal setup.
Breakout Zone Approaching: Price is currently testing the upper resistance of the wedge (~$0.086–$0.088). A breakout from this level may indicate trend reversal.
Key Resistance Zone:
$0.105 – $0.127: Significant supply area (marked in red). Previously rejected, it is the next target if price breaks out upward.
Support Zone:
$0.073 – $0.082: Demand zone. Coincides with the Bollinger Band lower range and historical support.
Indicators Overview:
Bollinger Bands:
Price is trading at or near the middle band, showing a neutral-to-slightly bearish bias.
A breakout above the upper band (~$0.0895) could trigger bullish momentum.
MACD (VMC Cipher_B_Divergences):
Strong bearish momentum continues, but we can observe potential bullish divergence forming.
Green dot signal at the bottom may indicate a possible local bottom.
RSI (Relative Strength Index):
Currently at 37.06, near oversold territory.
Could signal a bounce if RSI climbs above 40 and confirms strength.
Money Flow Index (Art’ Money Flow):
MFI is deep in negative; however, these levels often precede trend reversals.
Watch for a crossover into positive territory as confirmation.
Stochastic RSI:
Bullish crossover around 14.53 / 15.67 in the oversold zone.
Early sign of potential short-term bounce.
TRADING PLAN
Entry Points:
Zone Type Price Range Reason
Buy Spot 1 Conservative $0.073 – $0.082 Strong historical support & bottom of wedge
Buy Spot 2 Aggressive ~$0.086 – $0.089 Breakout of descending wedge
Buy Spot 3 Momentum Break above $0.105 Bullish confirmation + breakout of major resistance
Take Profit Zones:
TP Level Price Notes
TP1 $0.105 First resistance / psychological level
TP2 $0.127 Strong resistance – expect rejection here
TP3 $0.15–0.16 Major extension target if strong momentum
Stop-Loss Strategy:
Strategy Type Placement
Conservative Below $0.073
Aggressive Below $0.080
Risk Management:
Use position sizing relative to account size (e.g., 1–3% risk per trade).
Adjust stop-loss dynamically if entering at breakout.
Combine with on-chain metrics or volume spikes for higher conviction.
SCENARIOS:
🔼 Bullish Scenario (Blue Up Arrow):
Breakout above wedge → retest → rally toward $0.105+
Break $0.105 confirms macro uptrend continuation
🔽 Bearish Scenario (Blue Down Arrow):
Rejection at wedge top → breakdown of $0.082 → revisit $0.073 support
Below $0.073 would invalidate short-term bullish structure
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.