KAS SHOWING CONSOLIDATION STRENGTH
I know this irks some crypto investors and moon boys, but I believe there will be at least a 20% correction in the market before or around the time of the halving. Not only has this happened before but generally its a healthy thing for the resulting bull run as it flushes out weak liquidity and can filter poor projects.
KAS is currently showing strength by consolidating around the 0.10-0.12 region. It's entirely possible it pumps next from here. However, if it does correct, I feel the lower logarithmic band in blue will be a major point to start building positions again. It could coincide with a 0.618 retracement and a previous, admittedly short-lived consolidation zone (orange circle). There is a linear support line (not shown on view) lower than this that could also act as support.
KAS is currently showing strength by consolidating around the 0.10-0.12 region. It's entirely possible it pumps next from here. However, if it does correct, I feel the lower logarithmic band in blue will be a major point to start building positions again. It could coincide with a 0.618 retracement and a previous, admittedly short-lived consolidation zone (orange circle). There is a linear support line (not shown on view) lower than this that could also act as support.
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