If you are a Kaspa trader, holder or lover, let me start by saying that the chart looks great. It looks awesome to say the least.
Looking at the red dashed line on the chart, we can see that KASUSDT produced a perfect bottom and is now on the bullish zone.
Looking at the blue line, both the horizontal line and EMA21, we can see this week is breaking above a strong resistance level, the lows matching 4-November and 29-April from 2024. This weekly candle is also full green and trades at the highest price since February.
Ok, now that the basics are in, let me take some time for a greeting...
Good afternoon my fellow Cryptocurrency trader, how are you feeling in this wonderful day?
Now that EMA21 weekly is being conquered as resistance, bullish growth is about to be fully confirmed.
The signals are in. The Altcoins are bullish and this we already know long ago. Bitcoin is trading safely and strongly above 100K and once Bitcoin becomes strong, the Altcoins follow; Kaspa is set to grow.
We have several targets on the chart. The certainty level for a bullish wave is high, 100%. First target is easy and should be ignored, 0.148 and 0.174, these are too easy so we aim higher.
New ATH is set at the 1.618 Fib. extension sitting at 0.303. This is a good target but still easy. The next target is 0.458 and that's a target where we should consider taking some profits but, it can go higher and it is very likely to go much higher.
Thanks a lot for your continued support.
I hope that you enjoy the content.
Namaste.