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.
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