Hey guys, today i'm going analysis so much hyped coin called it Kaspa, let's begin.
1)First we clearly see we are on Downtrend, creating LL - LH on daily time frame.So this Downtrend momentum will continue and if we don't bounce from Midpoint $0.025 to upward, we will going see new LL $0.02
2)Kaspa created FallingWedge pattern and it is Bullish pattern, now Kaspa is testing Midpoint of Falling Wedge at $0.025, if its not hold Kaspa will going test Diagonal Support at this level $0.02, after that if we don't hold $0.02 zone, we probably going to previous Accumulation zone at $0.01 For Bullish sign - if Kaspa break $0.03 Resistance level, Kaspa will going touch $0.04 level.
3)So keep it mind price always will going back previous Accumulation zones and that will become best entry point for us.
4)Wen we can understand for coin already did their pick candle ? 1- Keep it mind price can't always going up, at some point holders will sell and take some profits. 2- So now days a lot of Exchanges listing Kaspa and some Youtubers calling Kaspa will going Top 10 in CoinMarketCap,wen we have all this hype, but price doesn't care about this news and keep falling, that's mean Kaspa already created their pick candle at $0.04 level and now time for take some profits, for not stuck in Downtrend.
Hope you guys this analysis will help you :) Best Regard odbash
1)First we clearly see we are on Downtrend, creating LL - LH on daily time frame.So this Downtrend momentum will continue and if we don't bounce from Midpoint $0.025 to upward, we will going see new LL $0.02
2)Kaspa created FallingWedge pattern and it is Bullish pattern, now Kaspa is testing Midpoint of Falling Wedge at $0.025, if its not hold Kaspa will going test Diagonal Support at this level $0.02, after that if we don't hold $0.02 zone, we probably going to previous Accumulation zone at $0.01 For Bullish sign - if Kaspa break $0.03 Resistance level, Kaspa will going touch $0.04 level.
3)So keep it mind price always will going back previous Accumulation zones and that will become best entry point for us.
4)Wen we can understand for coin already did their pick candle ? 1- Keep it mind price can't always going up, at some point holders will sell and take some profits. 2- So now days a lot of Exchanges listing Kaspa and some Youtubers calling Kaspa will going Top 10 in CoinMarketCap,wen we have all this hype, but price doesn't care about this news and keep falling, that's mean Kaspa already created their pick candle at $0.04 level and now time for take some profits, for not stuck in Downtrend.
Hope you guys this analysis will help you :) Best Regard odbash