KEEPING TO ITS TRENDLINE, $KAS: WHAT'S NEXT?
Therefore, you're in the ideal place if you're searching for a thorough analysis of KAS.
This is the reason.
KAS has increased by a noteworthy 15.55% once more. Along its main trendline, this rise occurred. Its support trendline begins at 0.07916, followed by one at 0.09373, which is just below its major trendline at 0.10555. The fourth attempt was an impulsive breakdown with a lengthy wick at 0.12425, and the most recent one to date was the current bounce from 0.14001. The main resistance trendlines are located at 0.14946, just above the trendline at 0.18293, and three points above the trendline at 0.19081, 0.19691, and 0.20558. These significant levels that have been identified will undoubtedly be important to KAS's next major move. We may confidently infer that higher than high levels of demand are ready for each impulsive downward movement of KAS, since nearly all tests of its support trendline have failed. suggesting that its markup phase may continue.
$APE IS FIRE! WHAT'S NEXT FOR ALL THE PEOPLE JUMPING IN THIS EXCITEMENT?
Right now, the market is highly enthusiastic about APE, and practically everyone is rising. How do people who haven't been inside APE's bottom respond?
What we can say is this.
It is simple to see that the momentum is still continuing strong, and the general market mood for APE remains optimistic. However, since we haven't made any trades at the market's bottom (we really forgot about this token), we aren't now participating in the scenario. To be honest, unlike REEF and the other tokens we have entered, we haven't made a transaction at its bottom. In its limited term, we will steer clear of it entirely. But since it will be shorter, we shall avoid it. But since it will be shorter, we shall avoid it. We will keep an eye on its more significant swings, particularly in order to spot any potential position trades for this token. Even if this token has already increased by 85.63%, there may yet be more efforts to breach it. However, there might be enough sellers interested in making some day trades with this token today or in the days to come, along with REEF, VIDT, and other tokens that have had a surge and have not yet corrected. In my opinion, it is therefore foolish to invest in a coin that is experiencing significant growth, particularly those that are above 50%. because there is always a greater than 90% chance of a reversal in its shorter timeframe.
Similar to REEF, the best opportunity was at its lowest point; however, the next best opportunity is to avoid entering it after a large surge in order to prevent losses.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.