A $KAS 24-hour high. Current price: 0.04045; previous high: 0.04022.
After a new high, price usually takes one of three paths:
① Pulls back to the previous high, holds, then makes another new high: the healthiest scenario
② Chops around the previous high: consolidation and a test of direction
③ Falls straight back below the previous high and fails to reclaim it: a false breakout
It’s currently above the previous high, so let’s see whether it follows ① or ②.
#KAS
Just my personal take; I could be wrong, so use caution.
After a new high, price usually takes one of three paths:
① Pulls back to the previous high, holds, then makes another new high: the healthiest scenario
② Chops around the previous high: consolidation and a test of direction
③ Falls straight back below the previous high and fails to reclaim it: a false breakout
It’s currently above the previous high, so let’s see whether it follows ① or ②.
#KAS
Just my personal take; I could be wrong, so use caution.