Technical analysis by cybernetwork about Symbol KAS: Buy recommendation (12/8/2024)

Breakout above 18 cents (blue line) from the inverse head-and-shoulder, with a measured move target at 32 cents. Presently establishing support. Need to successfully hold above the blue 18 cents line and close on the daily above to confirm.Setting stoploss sufficiently below blue line, accounting for volatility (not exposing where I place my stops).This chart follows on from my previous analysis:The crypto market historically tends to move in cycles/phases, with BTC first pumping followed by higher market cap OG tokens, before the capital flows to the midcaps (i.e. KAS) and eventually the microcaps and meme coins (which then marks the time to sell). Just need to be patient and remind yourself of the fundamentals of Kaspa, being the only properly (POW) decentralized crypto that is truly scalable.Stopped out at 16.98 cents.