KAS New ATH this week?
KASPA has been consolidating up against its previous ATH.
After a large rally coming off an ABC correction the asset has stalled at the ceiling of its previous ATH. To most traders surprise the asset continues to trade sideways instead of crumble in the face of its largest resistance.
I am currently tracking an ascending triangle on the 4HR chart and the Daily MACD also looks like it is getting ready to produce another wave of bullish bars.
I expect the break out to be relatively large but am going to stay on the sideline and rather trade the breakout confirmation once we flip the ATH to support.
Keep in mind the ATH for KAS is also the Market Cap Resistance of 1B Market Cap. Go long with caution.
After a large rally coming off an ABC correction the asset has stalled at the ceiling of its previous ATH. To most traders surprise the asset continues to trade sideways instead of crumble in the face of its largest resistance.
I am currently tracking an ascending triangle on the 4HR chart and the Daily MACD also looks like it is getting ready to produce another wave of bullish bars.
I expect the break out to be relatively large but am going to stay on the sideline and rather trade the breakout confirmation once we flip the ATH to support.
Keep in mind the ATH for KAS is also the Market Cap Resistance of 1B Market Cap. Go long with caution.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。