Kusama (KSM) - Bullish divergence
Continuing along the theme that the best opportunities are found in alt-tokens…
On the above 2-day chart price action has corrected a whopping 90% since last June. A number of reasons now exist to be bullish , including:
1) Double ‘incredible buy’ signals.
2) Price action and RSI resistance breakouts.
3) Regular bullish divergence . 9 oscillators are currently printing bullish divergence over a 26 day period.
4) Weekly price action is on strong support (weekly chart below) with bullish engulfing candle.
Is it possible price action falls further? For sure.
Is it probable? Very very unlikely.
Good luck!
Ww
PS: I’m not trading this so please ask below for updates.
Type: trade
Risk: <=6% of portfolio
Timeframe: 3 to 9 months
Return: don’t know
Weekly chart support and resistance
On the above 2-day chart price action has corrected a whopping 90% since last June. A number of reasons now exist to be bullish , including:
1) Double ‘incredible buy’ signals.
2) Price action and RSI resistance breakouts.
3) Regular bullish divergence . 9 oscillators are currently printing bullish divergence over a 26 day period.
4) Weekly price action is on strong support (weekly chart below) with bullish engulfing candle.
Is it possible price action falls further? For sure.
Is it probable? Very very unlikely.
Good luck!
Ww
PS: I’m not trading this so please ask below for updates.
Type: trade
Risk: <=6% of portfolio
Timeframe: 3 to 9 months
Return: don’t know
Weekly chart support and resistance
Trade active
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.