MarkStPeter

KSM/USDT - Short term HS w/ in Ascending Channel- Bounce for Up!

Long
BINANCE:KSMUSDT   KSM / TetherUS
Hello Traders,

We are seeing an ascending channel formed on the uptrend.

I believe we will see a Head & Shoulders pattern formed within this channel for a small pullback before breaking the channel to go up. We are currently in price discovery and I'm not seeing any reason for a slow down. This is always fun, bc if you buy right you can just trail your SL or TTP and ride the price up. But it's always smart to have Take Profits set to control what you're keeping along the way.

When we get this pullback, I'm looking for a bounce off of the EMA 26. Short term, targeting the FIB 1.62.


Mid-term, I'm going to be targeting $120 +/-


Good luck!

Comment: Almost got wicked out at the stop loss of $71 but we managed to hit Target #1. On our way to Target #2 @ $120.
I am not a financial advisor. Nothing that I publish on Tradingview is to be looked at as such. Trade at your own risk and do your due diligence whenever putting money into the cryptocurrency market.

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