🚀 Exciting Developments for $KSM! 💎 KSM has exhibited signs of Change of Character (CHoCH) and formed an inverse head and shoulders pattern, enhancing the likelihood of a bullish move.
💎If KSMUSDT breaks out above the resistant zone, it would confirm the inverse head and shoulders pattern, and we can anticipate targets till the next resistant levels. In the event of a pullback, a bounce from the bullish order block (OB) level can be expected.
💎However, if the price breaks down below the level of the bullish OB, which also corresponds to the right shoulder of the pattern, the validity of the pattern will be compromised.
Ksmanalysis
💡Don't miss the great buy opportunity in KSMUSDT @kusamanetwork
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (380.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. KSMUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 50
Take Profits:
TP1= @ 452.78
TP2= @ 487.25
TP3= @ 553.50
TP4= @ 624.76
TP5= @ 660.56
SL= Break below S2
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