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KSM

KSM.USDT (Y21.P1.E1).Another breakout formationHi All, I'm see this pattern a lot with some ALTs and some have already broken out of it, eg. ADA, BLZ, etc MY THOUGHTS: Structure is likely completing a ascending triangle with 2 touches to the top for the breakout. Indicators show upward pressure, on the 4 hrly. 8 HRKY looks good on the indicators Liquidity is OK on Binance, 11 million today. How to trade this? I would go to the lower time frames to see a trend\cradle setup and\or wait for the breakout. All the best, S.SAri Lower time frames - looking for an entrance. Its possible that this bearish div can push it down deeper. Hence better to wait for the break out to a new higher low. 8 HRKY looks good on the indicators
Long
by ssari
2
KSM/USDT - Short term HS w/ in Ascending Channel- Bounce for Up!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!
Long
by MarkStPeter