Kusama// Update
Updated
KSM has been able to show some resilience over the past few days relative to the other Alt coins. Fundamentally, I believe it will continue to grow in price, due to reasons mentioned on the chart.
Technically, we are still on an uptrend, and holding above a strong area of support. If price does happen to close below this level, there is still the 38, 50 and 61% levels to break through before heading to the trend line.
As with any trade, its best to react, rather than predict. So as time goes on and we see more confirmation of trend continuation. I will be looking for long opportunites. Check comments for previous analysis.
Let me hear your thoughts on what you think will happen next.
Technically, we are still on an uptrend, and holding above a strong area of support. If price does happen to close below this level, there is still the 38, 50 and 61% levels to break through before heading to the trend line.
As with any trade, its best to react, rather than predict. So as time goes on and we see more confirmation of trend continuation. I will be looking for long opportunites. Check comments for previous analysis.
Let me hear your thoughts on what you think will happen next.
Note
Previous AnalysisTrade active
Update:Trade closed: target reached
Tripled Down. Good Payday.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.