Seems like Bottomed out & Ready to Bounce Back.
Forming Falling Wedge Pattern in the Weekly timeframe.
Looks Promising for the Midterm Hold, +460-520% Profit Potential.
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Price reached the 12h supply zone from where it is currently getting rejected from as predicted. MACD is showing bullish weakness, RSI is bought and EMAs are bullish. I expect price to retest the support at $26 before continuing the overall bullish movements.
KUSAMA was one of the most massacred in 2022. From January 2022 to December it dropped an unbelievable 94.66%. KSM has the highest octane rating with a large amount of computational codes.
At the moment it is on the lower edge of the formed wedge, and should make a pulbak towards the channel median at 23.93.
The MM100 exerts a force on the assets and at the moment...
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Kusama broke down this triangle📐 and I think there is chance for run to 15 and even lower which would mean -33% loss of value from current price. Setting SELL LIMIT order to previous range low to catch🎣 the pullback.
KSM has been trading in a bearish trend .
The price has now broken above the falling resistance.
The price is now approaching to the retesting of breakout zone.
The bulls need hold the breakout zone
Manage your trades accordingly.
KSM has been trading in a bullish parallel channel . The price is making higher highs and higher lows.
Currently it is trading at lower boundary of channel.
The bulls need to hold the lower boundary of channel.
While bears will be active below the support.
Trade your levels accordingly.