KASPA: Price Update in Daily Timeframe.

2 Tem

KAS has formed a Cup & Handle pattern, which is technically a bullish pattern. However, KAS has also formed a bearish divergence, making the current situation confusing.

Let's break it down and keep it as simple as possible.

Patterns:

- Cup & Handle: Bullish.
- RSI Bearish Divergence: Bearish.

Bullish Scenario: If KAS maintains its price above the resistance level of $0.18, we are likely to see a bullish move close to 70%.

Bearish Scenario: If KAS fails to maintain the above-mentioned resistance level, it will likely drop to the yellow dotted line or the green horizontal line at $0.144 (a 21% drop from the current market price).

Key Levels to Watch:

Resistance level: $0.18.
Lower support: $0.144.

This post is for educational purposes only. Do your own research before investing.

Regards,
Team Dexter