$KITE just ripped hard on the 4h and is sitting right under that fresh high at 0.1541.
Look at this chart, clean higher highs and higher lows all the way from that 0.0971 low. Price has been climbing steadily, with a nice push through previous resistance zones and now testing the top of this move.
Here’s what I’m watching closely: that 0.1541 level. Price tagged it and printed a red candle, so we’re seeing a bit of rejection right now at 0.1508. Volume came in decent on the way up, and RSI(6) is sitting at 76.8 — pretty stretched on this timeframe.
If buyers can push back through 0.1541 and hold above it, the next leg higher opens up. A clean break and close above that high would keep the bullish structure intact and likely attract more momentum.
On the other side, if this rejection holds and price starts sliding, the first area to watch is back toward the recent swing lows around the mid-0.13s. A deeper pullback wouldn’t break the overall uptrend yet, but losing those higher lows would change the picture.
Right now price is deciding at the highs. Watch how it reacts to 0.1541, acceptance above keeps the strength going, failure here opens the door for a healthy retrace.
Guys follow for more chart analysis 😎 I’ll keep showing you exactly what the chart is telling us. 👀🔥
Look at this chart, clean higher highs and higher lows all the way from that 0.0971 low. Price has been climbing steadily, with a nice push through previous resistance zones and now testing the top of this move.
Here’s what I’m watching closely: that 0.1541 level. Price tagged it and printed a red candle, so we’re seeing a bit of rejection right now at 0.1508. Volume came in decent on the way up, and RSI(6) is sitting at 76.8 — pretty stretched on this timeframe.
If buyers can push back through 0.1541 and hold above it, the next leg higher opens up. A clean break and close above that high would keep the bullish structure intact and likely attract more momentum.
On the other side, if this rejection holds and price starts sliding, the first area to watch is back toward the recent swing lows around the mid-0.13s. A deeper pullback wouldn’t break the overall uptrend yet, but losing those higher lows would change the picture.
Right now price is deciding at the highs. Watch how it reacts to 0.1541, acceptance above keeps the strength going, failure here opens the door for a healthy retrace.
Guys follow for more chart analysis 😎 I’ll keep showing you exactly what the chart is telling us. 👀🔥
