KSM is in a bullish descending wedge structure on multiple timeframes and a breakout if it is to occur - which I have high confidence in considering BTC printed a 5D DragonFly Doji candle on June 10th and should last with bullish momentum for the next 3-6 5D candles.
The first target is the top of the wedge structure at $540. From here we will have to revisit our assumptions and re-evaluate BTC.
The Fibonacci Timezone suggests that June 20th is a key date and could be when we see the PT1 hit for KSM.
At current prices this trade offer 46% upside in a matter of days if target is met.
There is also Hidden Bullish Divergence on daily TF still - price made a higher low and RSI made a lower low.
The first target is the top of the wedge structure at $540. From here we will have to revisit our assumptions and re-evaluate BTC.
The Fibonacci Timezone suggests that June 20th is a key date and could be when we see the PT1 hit for KSM.
At current prices this trade offer 46% upside in a matter of days if target is met.
There is also Hidden Bullish Divergence on daily TF still - price made a higher low and RSI made a lower low.