The Trust Layer for Market Analysts

The presenter provides an update on the Kaspa chart using a weekly timeframe. The Kaspa chart is still under pressure, as indicated by the absence of green candles. The price has reached a 4.7 cent level, corresponding to the 38.2 Fibonacci retracement level. A move upward might represent a B-wave, but evidence supporting this development remains absent, suggesting ongoing downward pressure. The presenter monitors a complex Z-wave for correction, highlighting the potential for further decline. The analysis points to a potential five-wave decline formation following observations on October 10th. The presenter advocates for waiting for a 1-2 setup before engaging, because there was only an A-B setup previously.