CaptainHopium

80% down this year. Have some chainmail gloves on if you're catching this knife. Might be a starting point to ladder in. Erc20 leverage on eth?

Measuring from the wick down on 3 Jan up to the recent ATH, KAS has now retraced to the 0.618 Fib level, with the 0.786 at at the 10 cent mark, which is also current 200 daily EMA level. Daily RSI back at levels not seen since last June, signalling a potential buy opportunity, though whether or not the bearish divergences formed from mid Nov to mid Feb have played out remains to be seen.

Eyes on KAS now as it retraced from its previous local high back to a local support level. A buy signal is also showing on the Stupid Willy indicator at the time of writing, though it may fall further yet. Hopefully it will get down to the golden pocket fib zone from its recent pump. 200EMA on the 4hr will be at 13 cents soon.

KAS' RSI is looking overbought on the daily and an iverted hammer candle is showing at time of posting. A Fib golden pocket retracement from here would be in the 11-12 cent range.

Although it may yet go lower, the RSI on Kaspa's 3 day chart has now reached a zone only hit twice previously, with both times representing an excellent buying opportunity.

The predicted bounce from a double bottom of key support has now retraced to the 0.5 fib level, which has confluence with both SR structure on the chart and the 4hr 200 EMA. A golden pocket extension from there would imply a move to around 13.5 cents, though it would have to break through some resistance at 12.5 on the way. If the current price does not hold, expect a retrace to the golden pocket, which is currently at 10.5-11 cents.

It could be a merry Christmas for anyone who thought they were selling the top at 10 cents and missed out on the big run-up, as they are now getting another chance to buy back in their demand zone around the green box. Moreover, the Kaspa chart looks like it's forming a double bottom at this level. Optimal outcome would be a quick wick down to test the 0.618 golden pocket zone before the next leg up. Until then the descending trend line is still in play.

Kaspa is currently struggling with the 200 4hr EMA. If rejected it could find itself at a level where it finds confluence with chart structure and the 200 daily EMA. This provided the ultimate level of support in April, following the March run-up.

Kaspa has recently been rejected from a 4hr resistance level and is forming an ascending wedge. It needs to break out above the 12 cent level and start holding above 13 cents before it is really looking like this downtrend is over. If it falls out of the ascending wedge, it will likely fall down to its support zone at 9.5-10 cents. If it could form a double bottom there and start making some higher highs, this could form a good foundation for a recovery.

Kaspa's daily chart recently made a hammer candle after almost reaching a 0.618 fib retracement, implying a possible reversal. However, is this a time to buy the dip or will this keep going down? Current lows on the daily RSI correspond with previous buying opportunities.