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WouterNRS
Feb 25, 2021 4:10 PM

KSMBTC new ATH or Correction? Short

KUCOIN:KSMBTC1D
Kusama / BitcoinKuCoin

Description

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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.

Trend AnalysisChart PatternsTechnical IndicatorsKSMBTCKSMkusama
Comments
cryptobullethbtcxlm
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bearish divergence also on jan 20th, still pumped... not very decisive divergence, just f1 pool dumping btc creating bearish indicators... support is at 460000 sats and holding well, slight uptrend today and saturday, little downtrend on sunday but still trading above support and monday this rocket takes off... new ath within 7 days
WouterNRS
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@cryptobullethbtcxlm, Let's see in a few days. All depends on what BTC is up to i guess
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