After some ups and downs since June end seems its finally getting upside traction..
UCTS indicator turning green across multiple timeframes as it reached its highest level over the last 3 months
60% to YTD highs
Wait for it =)
BINANCE:KSMBTC already confirmed an up trend with 2 higher lows, break above the sideways consolidation area and retest.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a recommendation to BUY or SELL....
A synthetic KSM vs ETH chart using Binance price data. ETH has the EIP-1559 catalyst coming up, an overcrowded trade in my opinion while all has been quiet in Kusuma-land since the parachain auctions. Building a position here for the coming month. Hoping the hidden bullish divergence on the 1D chart plays out and we break out of the ‘falling wedge’ pattern...
The title of the article said "Kusama Parachain Auctions", and that was enough for me to jump onboard. I hereby quote from the article:
"The first real-world functional parachain Statemine, began processing permissionless transactions after an on-chain upgrade last week. After some smooth running over the weekend, the time is coming to move to the next stage: slot...
Weekly Elliot wave is my prediction. Wave 0-1 completed.
Wave 2 -3 pullback was right on a good fib level and now it seems we're on the way to Wave 3.
I have to 2 potential targets for wave 3 so I will take profit on the 1st wave 3 target indicated on the chart. If it continues to climb, I will re-enter my position and carry to the 2nd wave 3.
UCTS showed a new 1D Buy a few days ago (usually strong)
Currently crossing above ~824k sats level w/ increasing volume on a ~20% daily candle
Just 10% away from ATH
Looks good if it can hold above the breakout level