Cheek Analysis: $KTA @KeetaNetwork (Update v6)
Unfortunately, since my last update, we failed to break through the purple cloud, which led to a sharp rejection. As I’ve mentioned many times before: when we flip a cloud into support, it typically accelerates the move to the next one. But the same logic works in reverse and the same logic applies in reverse, we tend to dump back to the previous cloud or fundamental price level (which is exactly what’s happening now).
What still bothers me is that we’re seeing extreme greed, indicated by the bright pink background. Ideally, if we drop to around 0.37 (which is the fundamental price), we’ll see sentiment cool off to at least neutral (no background).
Just a reminder: the best conditions to buy are below the fundamental price (the green line) and during extreme fear sentiment (dark blue background).
Cheek Analytics@CheekAnalytics
Cheek Analysis: $KTA @KeetaNetwork (Update v5) Honestly, everything looks very good. We’ve been following my purple arrow scenario from the June 17 post, almost touched the fundamental price (green line), and bounced back hard. We’ve tested the purple cloud multiple times as resistance and are now consolidating just below it — this typically happens right before a strong move up. Once we pass this resistance, we’ll most likely accelerate quickly toward the orange cloud, located at $2. Let see! Post from June 17 - x.com/CheekAnalytics…
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