Kusama (KSM) Is About to Explode!Hello, guys!
Let's talk about Kusama. Now it has a nice growth opportunity against BTC and USDT.
KSMUSDT ANALYSIS
We can see the huge bullish megafon pattern and now the price is about to bounce off it to the upside. The CPR level ($206) acted as an extremely strong support because the price bounced off it multiple times. Also let's notice the bullish hidden divergence with the price oscillator, as you already know it is an uptrend continuation pattern. According to this TA the price target now R1 pivot ($310). This analysis will be invalidated if the price go below the CPR level.
KSMBTC ANALYSIS
If we suppose the bull run continuation for the Bitcoin it is important to know if the KSM is going to over or underperform it.
Let's take a look at the chart below. The price KSMBTC is almost formed the descending triangle pattern with an extremely strong support at current price. During the global uptrend this pattern has a great probability to be broken to the upside. Also the price have the bullish regular divergence with the MFI, thus it is high probability of the local downtrend reverse to the uptrend.
The potential price target for KSMBTC is R1 pivot level, the analysis will be invalidated in case of triangle's breakout to the downside.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.