KAS Cycle Update 01/31- Completing the Feb to Beginning of March
2025-02-01
Category: None

Kaspa is about mid-way through its current 60-day cycle.  As it did not show particular strength after the last cycle low, I suspect it will chop around until the next daily cycle low (DCL), which should also be a Weekly Cycle Low (WCL).

To show that this year-long range has been an ACCUMULATION pattern rather than a DISTRIBUTION pattern, Kaspa has to stay above 0.10 and DEFINITELY not lose the lower box.

Invalidation of a distributive top will be confirmed if it breaks above the most recent blue trendline.

From the longer trendlines (the strong red below and the upper blue), Kaspa is currently in a compression wedge.

The next DCL/WCL should be telling.  If Bitcoin (still the king) can show some strength (it is also coming up on a DCL/WCL), Kaspa should follow, and the next DCL/WCL, when confirmed, should be a great entry point for a long.

The yellow path is my current expectation of Kaspa's path (bullish bias).

Thanks, Uncle Camel (CamelFinance,) for the insights on cycle theory.

