Despite Kusama doubling its price in the last 6 weeks I believe it to be just the beginning. Its market cap is still relatively small in comparison to its "parent blockhachain" - Polkadot. Here were formed pretty neat ascending triangle and bounced off of the the well established support trend line. Though still can be a potential double top so be careful - all the eyes are on Bitcoin now. I would be very careful with any longs nowadays until you are looking for long term holds. I would certainly consider $KSM to be a part of my long term portfolio.
Kommentera:
The support has been broken. Let's see where we will go from this point.
Trade stängt manuellt:
Exited the trade simply because now we definitely don't have a symmetrical triangle which we were entering in the very beginning. Even worse - looks like a double top has been formed.