KASPA: Price Update in Daily Timeframe.
KAS has formed a Cup & Handle pattern, which is technically a bullish pattern. However, KAS has also formed a bearish divergence, making the current situation confusing.
Let's break it down and keep it as simple as possible.
Patterns:
- Cup & Handle: Bullish.
- RSI Bearish Divergence: Bearish.
Bullish Scenario: If KAS maintains its price above the resistance level of $0.18, we are likely to see a bullish move close to 70%.
Bearish Scenario: If KAS fails to maintain the above-mentioned resistance level, it will likely drop to the yellow dotted line or the green horizontal line at $0.144 (a 21% drop from the current market price).
Key Levels to Watch:
Resistance level: $0.18.
Lower support: $0.144.
This post is for educational purposes only. Do your own research before investing.
Regards,
Team Dexter
Let's break it down and keep it as simple as possible.
Patterns:
- Cup & Handle: Bullish.
- RSI Bearish Divergence: Bearish.
Bullish Scenario: If KAS maintains its price above the resistance level of $0.18, we are likely to see a bullish move close to 70%.
Bearish Scenario: If KAS fails to maintain the above-mentioned resistance level, it will likely drop to the yellow dotted line or the green horizontal line at $0.144 (a 21% drop from the current market price).
Key Levels to Watch:
Resistance level: $0.18.
Lower support: $0.144.
This post is for educational purposes only. Do your own research before investing.
Regards,
Team Dexter
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