Pointline

$KAS The Lay of the Land ____ Well, it wasn't option A, marking the first time the majority has been correct in one of my polls 🎉 (obviously it was to the downside). Price has since found the 2 and 3-month demand zones and is currently basing within them, but- and here's where it gets tricky- it technically hasn't been option B either... yet. 3.6c and the liquidity just below it (bright green area) was never retested after the rebound from the low. This may still play out, which is why it's highlighted (gold circle), but this would be just the first of many overhead-nuisances to overcome if this ends up a local pivot. AFAIC, this is the important question atm - will this be the area for an actual pivot/trend change or will it take a trip to 1.5c to make that happen? As most of you now know, I don't believe it's time for 1.5c just yet, so I'm leaning toward a pivot here, though the prospects of such will likely be.. delicate, to put it lightly. Beyond the 3.6c zone is a major support/resistance level at 4c. If you see price struggling to stay above here along with a LTF-MTF CHoCH, that will be big warning sign number one, and the most important one. So important, I'm not even going to talk about the next ones... Within and around these two levels, there will likely be some interaction with the previous trendline that's now back in play and/or the current TL that's marked the last few local tops. Beyond this, there's a dense resistance zone right around 4.5c which, if defeated, will lead right into the current SH and the remainder of the gently tapped 1M OB that could still put up a fight. Price gets above here and I'll be interested... interested enough to get my popcorn ready for the major 7c🔑 zone, the 'Secondary TL' (an actual HTF TL), and the 2M supply all converging between 6.5-8.5c 🍿 Needless to say, if price even makes it here, a Mutombo-smackdown would be the least I'd be expecting. A timely -NOT IN MY HOUSE- all the way down to the lower key level. So, back to reality, there will still be monitoring of current PA required here + on $BTC to judge if this will be the case. An extended range and sweep of current SLs on each is possible, but I do believe this 2M/3M stacked OB zone should be enough to propel KAS higher if it's not dragged down to the depths by daddy BTC... *takes a bow in perfect alliteration* I'll update when I see something of note. Toodles

$KASPA schaltet langsam das Licht aus! Mining Hashrate fällt sehr rasant. Kaum rentabel und niemand nutzt die Chain!