Kaspa weekly god candle forming
2024-11-28

The chart illustrates a potential "god candle" scenario on the weekly timeframe for Kaspa, suggesting a strong bullish momentum. This formation is likely supported by the breakout from a falling wedge pattern, which is typically a bullish reversal pattern.

Key observations:

 
 Falling Wedge Breakout: The breakout from the wedge aligns with increased volume, a confirmation of bullish sentiment.
 
 Target Achievement: It seems that the initial price target post-breakout has already been reached.
 
 Trend Continuation: The steep blue trendline indicates strong upward momentum, hinting at a continuation if current support levels hold.
 

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