WouterNRS

KSMBTC new ATH or Correction?

Short
KUCOIN:KSMBTC   Kusama / Bitcoin
The KSMBTC pair is trading around it's ATH level.

If we look at charts we can see a bearish divergence on the daily chart.
We can see higher highs in price but also see lower highs on the indicators.

This is a sign that there's a weakening of the current trend and a possible reversal.

Target for pullback is the green box

Let's see how this plays out.

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.