Continuing along the theme that the best opportunities are found in alt-tokens…
On the above 2-day chart price action has corrected a whopping 90% since last June. A number of reasons now exist to be bullish , including:
1) Double ‘incredible buy’ signals.
2) Price action and RSI resistance breakouts.
3) Regular bullish divergence . 9 oscillators are...
no one talks; no one asks
she mumbo jumbles, rambling..
not financial advice; dyor advice;
-meeh, no one sees anyways.
might fake sleep;
canary in a coma imagination; hope project goes up.
Kusama will like do quite well since its going to be testnet for Polkadot, Very likely the Parachain autions will push the price to 5x against bitcoin.
I think there a tone of money to be made expecially when Defi launches on Kusama, of course I expect big liquidity mining programs on a fast and cheap network
Trade Timeframe: Long term
Pattern Identified: Bullish Pennant
Pattern Significance: Bullish pennants are more likely to result in bullish continuations than breakdowns
Personal Position: Neutral
Possible Targets: Highlighted areas of interest
So this is my first time sharing a full pending trade <3. This is not trading advice, but a trade I'm going to watch and take. We have a perfect retest of the trend line marked by a small red arrow. Had a really good spike down to our buy zone, showing what the market believes is the bottom (high vol selling there). from there, interest has tappered off. But when...
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...