KSM/USDT: Direct recovery expected

---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------

KSM/USDT: Direct recovery expected

Context
- The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets KSM suffered about negative global market situation
- KSM is expected to bounce from the current bottom area and triggered the bullish divergence on RSI


Market configuration

- Graphical Elements :
Graphical Resistance = 171 & 420
Graphical Support = 36,5

- Mathematical Indicators:
EMA ( Exp Moving averages) are still capping the market = Bearish
RSI indicator (below) is on going divergence but still below 50% = Neutre

- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target V (C) B is set at = 36,5
Fibonacci resistance of the wave in progress = 171

Fibonacci Bullish Target = 281


Conclusion

Preferred case => Regarding the mid-term element, KSM is expecting to do a bullish reversal from the area we are now. We are bullish above 36,5 towards 281 with an intermediate level at 171. Maximum upside potential at 420