As with all trading systems, there are no guarantees with technical analysis. The ascending channel may not be the best-fit or may be a curve rather than a straight trend line, the instrument may not be following a logarithmic progression, the markets may completely surprise us with more powerful fundamental news etc.
With KAS today, its playing with both the short-term trend line and the ascending channel. Will gravity win? Lets see how the daily closes.
If it breaks through both lines convincingly (entirely possible with recent alt coin weakness), buying strength may come in again at 0.08-0.09 (mid-term trend line + potential confluence with 0.618 + previous small consolidation zone (yellow circle)).
With KAS today, its playing with both the short-term trend line and the ascending channel. Will gravity win? Lets see how the daily closes.
If it breaks through both lines convincingly (entirely possible with recent alt coin weakness), buying strength may come in again at 0.08-0.09 (mid-term trend line + potential confluence with 0.618 + previous small consolidation zone (yellow circle)).