Technical analysis by cybernetwork about Symbol KAS: Buy recommendation (11/13/2024)

Accumulation of KAS from BTC and ETH completed.Presently seeing a bull flag setup on the hourly timeframe.Expecting KAS to perhaps retest the golden pocket ~61.8-65% Fib retrace lvl, before breaking above the blue resistance line..Short timeframe hourly chart. Bull flag, waiting for potential breakout from golden pocket fib retracement range. Set stoploss below 65% fib retrace lvl, accounting for volatility. Hardly a crash, just a healthy retrace so far. Also, look at the series of bullish divergences that have formed again at the current level of correction. Note: Adjusted lower the base (100%) of the Fib retracement level drawn.LOL!Breakout, buy order fulfilled.Seeing the amount of extremely strong emotional negative posts everywhere (probably by those who had sold the bottom) -- with the hope that KAS would continue on a downward trend so as to minimize any sense of "regret" -- KAS pumping hard instead would be extremely painful and a "hated pump"; which is usually the perfect catalyst for an impending pump coming up.Furthermore it would be extremely unwise to short a chart with bullish divergence(s) showing up consecutively everytime its price heads slightly lower.