Technical Analysis (KASPA/USDT - Daily Chart)
Trend & Structure Overview
KASPA has been in a prolonged downtrend after peaking near $0.22.
The Elliott Wave structure indicates a completed (A)-(B)-(C) correction pattern after a prior bullish wave (4).
Price is currently testing a triple bottom structure near $0.060–$0.065, highlighted by orange circles. This zone has previously acted as strong support.
Key Support and Resistance Levels
Type Price Zone (USDT)
Strong Support $0.060 – $0.065
Intermediate Resistance $0.080 – $0.085
Major Resistance $0.100 – $0.105
Upper Resistance Zones $0.120, $0.140, $0.160, $0.180, $0.200
The price is currently bouncing from the lower bound of this key support zone.
Indicators Summary
RSI (14):
Current: ~32.2 → Approaching oversold territory, signaling potential reversal or bounce.
Stochastic RSI:
Current: ~19.3 and crossing up, suggesting a bullish reversal signal forming.
Money Flow Index (MFI):
Value: 23 → Indicates weak inflows, but any spike could confirm a bottom formation.
VMC Cipher B:
Multiple green dots and momentum waves bottoming → Suggests bullish divergence and possible accumulation.
Volume:
No clear breakout volume yet, but prior bounce zones had relatively stronger support volume.
Trading Plan for KASPA/USDT
Entry Strategy
Primary Long Entry Zone: $0.060 – $0.065 (Current support region)
Entry Confirmation:
RSI holding above 30
Stochastic RSI bullish cross
Price maintaining above $0.065 on a daily close
Targets (Take Profit Levels)
TP Level Price Target (USDT) Rationale
TP1 $0.080 Nearest horizontal resistance
TP2 $0.100 Psychological level & prior S/R
TP3 $0.120 Top of major cluster
TP4 $0.140 – $0.160 Mid-term swing high zone
Stop-Loss Strategy
Conservative SL: Below $0.058 (breakdown of key support)
Aggressive SL: Below $0.0615 (to avoid wicks)
Risk/Reward Assessment
Risk from entry ($0.065) to SL ($0.058): ~10.8%
Potential reward to TP1 ($0.080): ~23%
R/R Ratio to TP1: ~2.1
R/R to TP3 ($0.120): ~8.5+
Alternative Scenarios
If KASPA breaks below $0.058 with volume:
Re-evaluate long positions
Possible next demand zone: $0.040 – $0.050
If volume increases on the bounce and breaks $0.085:
Add to position or open swing trade toward $0.100+
Summary
Current Bias: Cautiously Bullish
Setup Type: Support Bounce / Reversal Play
Key is holding above the triple bottom, while indicators point toward a possible short-term trend reversal.
Watch volume and momentum confirmation closely.
Trend & Structure Overview
KASPA has been in a prolonged downtrend after peaking near $0.22.
The Elliott Wave structure indicates a completed (A)-(B)-(C) correction pattern after a prior bullish wave (4).
Price is currently testing a triple bottom structure near $0.060–$0.065, highlighted by orange circles. This zone has previously acted as strong support.
Key Support and Resistance Levels
Type Price Zone (USDT)
Strong Support $0.060 – $0.065
Intermediate Resistance $0.080 – $0.085
Major Resistance $0.100 – $0.105
Upper Resistance Zones $0.120, $0.140, $0.160, $0.180, $0.200
The price is currently bouncing from the lower bound of this key support zone.
Indicators Summary
RSI (14):
Current: ~32.2 → Approaching oversold territory, signaling potential reversal or bounce.
Stochastic RSI:
Current: ~19.3 and crossing up, suggesting a bullish reversal signal forming.
Money Flow Index (MFI):
Value: 23 → Indicates weak inflows, but any spike could confirm a bottom formation.
VMC Cipher B:
Multiple green dots and momentum waves bottoming → Suggests bullish divergence and possible accumulation.
Volume:
No clear breakout volume yet, but prior bounce zones had relatively stronger support volume.
Trading Plan for KASPA/USDT
Entry Strategy
Primary Long Entry Zone: $0.060 – $0.065 (Current support region)
Entry Confirmation:
RSI holding above 30
Stochastic RSI bullish cross
Price maintaining above $0.065 on a daily close
Targets (Take Profit Levels)
TP Level Price Target (USDT) Rationale
TP1 $0.080 Nearest horizontal resistance
TP2 $0.100 Psychological level & prior S/R
TP3 $0.120 Top of major cluster
TP4 $0.140 – $0.160 Mid-term swing high zone
Stop-Loss Strategy
Conservative SL: Below $0.058 (breakdown of key support)
Aggressive SL: Below $0.0615 (to avoid wicks)
Risk/Reward Assessment
Risk from entry ($0.065) to SL ($0.058): ~10.8%
Potential reward to TP1 ($0.080): ~23%
R/R Ratio to TP1: ~2.1
R/R to TP3 ($0.120): ~8.5+
Alternative Scenarios
If KASPA breaks below $0.058 with volume:
Re-evaluate long positions
Possible next demand zone: $0.040 – $0.050
If volume increases on the bounce and breaks $0.085:
Add to position or open swing trade toward $0.100+
Summary
Current Bias: Cautiously Bullish
Setup Type: Support Bounce / Reversal Play
Key is holding above the triple bottom, while indicators point toward a possible short-term trend reversal.
Watch volume and momentum confirmation closely.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.