KASPA has broken up above inv-H&S pattern at 18 cents.

2024년 12월 8일

Breakout above 18 cents (blue line) from the inverse head-and-shoulder, with a measured move target at 32 cents. Presently establishing support.

Need to successfully hold above the blue 18 cents line and close on the daily above to confirm.

Setting stoploss sufficiently below blue line, accounting for volatility (not exposing where I place my stops).

This chart follows on from my previous analysis:

The crypto market historically tends to move in cycles/phases, with BTC first pumping followed by higher market cap OG tokens, before the capital flows to the midcaps (i.e. KAS) and eventually the microcaps and meme coins (which then marks the time to sell). Just need to be patient and remind yourself of the fundamentals of Kaspa, being the only properly (POW) decentralized crypto that is truly scalable.

2024년 12월 10일

거래청산: 스탑 닿음

Stopped out at 16.98 cents.

2024년 12월 10일

노트

2024년 12월 11일

노트

Bought back in at ~15.5 cents, higher-low trend is presently still maintained = still bullish.
Setting stop below yellow line.

2024년 12월 12일

노트

Bitcoin Dominance had already broken down, so not a bad idea to shift to holding alts such as Kaspa at this phase of the crypto market cycle.

Refer to the separate analysis on BTC.D weekly chart here:

2024년 12월 16일

노트

Got stopped out again. Target to reaccumulate KAS at 12.7 cents: