Technical Analysis (KASPA/USDT - Daily Chart)

Technical Analysis (KASPA/USDT - Daily Chart)

Trend & Structure Overview

KASPA has been in a prolonged downtrend after peaking near $0.22.

The Elliott Wave structure indicates a completed (A)-(B)-(C) correction pattern after a prior bullish wave (4).

Price is currently testing a triple bottom structure near $0.060–$0.065, highlighted by orange circles. This zone has previously acted as strong support.

Key Support and Resistance Levels

Type Price Zone (USDT)
Strong Support $0.060 – $0.065
Intermediate Resistance $0.080 – $0.085
Major Resistance $0.100 – $0.105
Upper Resistance Zones $0.120, $0.140, $0.160, $0.180, $0.200

The price is currently bouncing from the lower bound of this key support zone.

Indicators Summary

RSI (14):

Current: ~32.2 → Approaching oversold territory, signaling potential reversal or bounce.

Stochastic RSI:

Current: ~19.3 and crossing up, suggesting a bullish reversal signal forming.

Money Flow Index (MFI):

Value: 23 → Indicates weak inflows, but any spike could confirm a bottom formation.

VMC Cipher B:

Multiple green dots and momentum waves bottoming → Suggests bullish divergence and possible accumulation.

Volume:

No clear breakout volume yet, but prior bounce zones had relatively stronger support volume.

Trading Plan for KASPA/USDT
Entry Strategy

Primary Long Entry Zone: $0.060 – $0.065 (Current support region)

Entry Confirmation:

RSI holding above 30

Stochastic RSI bullish cross

Price maintaining above $0.065 on a daily close

Targets (Take Profit Levels)
TP Level Price Target (USDT) Rationale
TP1 $0.080 Nearest horizontal resistance
TP2 $0.100 Psychological level & prior S/R
TP3 $0.120 Top of major cluster
TP4 $0.140 – $0.160 Mid-term swing high zone

Stop-Loss Strategy
Conservative SL: Below $0.058 (breakdown of key support)

Aggressive SL: Below $0.0615 (to avoid wicks)

Risk/Reward Assessment
Risk from entry ($0.065) to SL ($0.058): ~10.8%

Potential reward to TP1 ($0.080): ~23%

R/R Ratio to TP1: ~2.1

R/R to TP3 ($0.120): ~8.5+

Alternative Scenarios
If KASPA breaks below $0.058 with volume:

Re-evaluate long positions

Possible next demand zone: $0.040 – $0.050

If volume increases on the bounce and breaks $0.085:

Add to position or open swing trade toward $0.100+

Summary
Current Bias: Cautiously Bullish

Setup Type: Support Bounce / Reversal Play

Key is holding above the triple bottom, while indicators point toward a possible short-term trend reversal.

Watch volume and momentum confirmation closely.