KSM/USDT RETEST IDEA
Updated
Looking att Kusama, I see a breakout from a rising wedge which indicates bullish momentum. It now looks like a retest might occurring of the upper trendline that price broke out of and is now acting as support. I am keeping my eye on this trade, if a retest occur I will issue a LONG position. If the price breaks back inside the pattern I will look for a bounce of the bottom trendline or see if it will break lower outside of the pattern.
Note
The blue horizontal lines are previous support/resistance on the DAILY timeframe. The white horizontal lines are previous support/resistance on the WEEKLY timeframe. The pink horizontal lines are previous support/resistance on the MONTHLY timeframe.Note
You can also see possible BEARISH DIVERGENCE on the RSI. Price is moving up and RSI moving lower, if trendlines are drawn on top of RSI nad on top of the price you can see the divergence.
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