The daily Stochastic RSI is way down in oversold territory, sitting below 20, and a bullish crossover looks like it’s coming soon, which is usually a classic sign of a reversal, especially with this bullish falling wedge pattern playing out.
It’s not the first time we’ve seen this kind of setup. It’s happened twice before and both times the wedge combined with oversold momentum kicked off strong rallies. We’re seeing the same setup now so it wouldn't be suprising if history repeats itself and rally number 3 kicks off soon.
There's also an upward channel forming which just adds to the bullish vibes. Gabe’s Stoch RSI is starting to shift too. Based on how things are looking, we could see a breakout by Tuesday. For whatever reason,
KTA often pumps on Sundays too so it could come as early as then.
Recently,KTA soaked up quite a bit of selling pressure around the stress test. A bunch of swing traders bailed and a few whales offloaded as planned. But the consolidation here feels pretty healthy. After big moves like that, smart money usually steps in and starts accumulating during pullbacks, setting things up for another leg higher.
It’s not the first time we’ve seen this kind of setup. It’s happened twice before and both times the wedge combined with oversold momentum kicked off strong rallies. We’re seeing the same setup now so it wouldn't be suprising if history repeats itself and rally number 3 kicks off soon.
There's also an upward channel forming which just adds to the bullish vibes. Gabe’s Stoch RSI is starting to shift too. Based on how things are looking, we could see a breakout by Tuesday. For whatever reason,
KTA often pumps on Sundays too so it could come as early as then.Recently,
KTA soaked up quite a bit of selling pressure around the stress test. A bunch of swing traders bailed and a few whales offloaded as planned. But the consolidation here feels pretty healthy. After big moves like that, smart money usually steps in and starts accumulating during pullbacks, setting things up for another leg higher.
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.