ferulianov

KSM 1D - Possible upward movement

BINANCE:KSMUSDT   KSM / TetherUS
Looking at the daily, you can see the formation of an accumulation triangle with a higher probability of a rise, which can raise KSM to values, at first, around $48.62.
Which would be awesome and there's also a magnetic force from the ichimoku cloud which makes KSM make an upward move.
From the top (05/17/2021) to today, it corrected about 93.46% which gives us the clarity of the upward movement, as Kusama is of very high octane and deep principles. If it breaks $44.86 the bullish move is imminent. Let's not forget about the latent oversold shown on the RSI. Anyway all technical indicators show an upward movement. Follow support and resistance in 1H time frame
S: 39.57 / 39.08
A: 43.23 / 40.58 / 41.59 / 42.40

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