This is one of my favorite signals, the All-Time Low. When a market bottoms, there is only one place left to go and that is up.
Kusama hit an All-Time Low vs Bitcoin (KSMBTC) late October 2023. Here we can see a bounce happening right after this new level is hit and the action going above EMA10.
The strong signal here comes from the RSI. We have a bullish RSI while action is happening near bottom, which indicates that a bullish wave is fast approaching.
The next signal, a bit more unconventional, is the descending MA200 line. It has a downward bent, a strong down. When MA200 moves down coming from above, prices tend to move up. This indicator works like a magnet attracting the action toward itself. Based on this signal we have an easy 100% potential short-term.
Additional details on the chart.
Thank you for reading. See you tomorrow.
Namaste.
Comment
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+118% As the first target hits, exactly at MA200.
There will be additional growth. Enjoy the profits!
Basically a dead project, or does that not matter in your opinion?
AlanSantana
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@xtvx, It doesn't matter for charting. Here we are looking at "chart setups" and "trading pairs", as long as these are available on the exchanges, these are good.