KSM felt the Fed's decision to raise interest rates by 0.25% yesterday and hit 31.78, and quickly recovered, and is even on the verge of breaking the bearish channel.
At the moment, it is in the Upper of the VWAP and can pull back to the VWAP at 33.43.
Key levels to watch today are found at 31.78 which was yesterday's low and high at 37.99.
Trading Volume: Sustained selling volume over the past week has seen Kusama make lower lows, forming this bearish trough that should be broken later today.
RSI: The RSI IN 1H is quickly approaching the buying area, which means that there may be a cooling of the buying forces.
Main support levels: 33.43 / 32.59
Main Resistance Levels: 34.28 / 34.74
The bias for KSM is HIGH.
At the moment, it is in the Upper of the VWAP and can pull back to the VWAP at 33.43.
Key levels to watch today are found at 31.78 which was yesterday's low and high at 37.99.
Trading Volume: Sustained selling volume over the past week has seen Kusama make lower lows, forming this bearish trough that should be broken later today.
RSI: The RSI IN 1H is quickly approaching the buying area, which means that there may be a cooling of the buying forces.
Main support levels: 33.43 / 32.59
Main Resistance Levels: 34.28 / 34.74
The bias for KSM is HIGH.