Market FUD? BTC dump? KSM DGAF! This bird was born to fly!

By amtraderpro | amtraderproTA | 13 May 2021


Hi guys! Despite the bloodbath on the market Kusama Network token made new ATH at $588 mark and currently is trading at $539. After breaking and testing the resistance (yellow line) at $280-300 in mid March we saw the KSM setting a new high at $567 from where bears took over and brought the price down to the previous resistance level which now acted as support and this is what I call a successful retest. During the correction movement from previous ATH a dynamic descending trend line (red) was formed which next was broken out with confirmation and the price went for new highs yesterday and today returning above the ascending trend line (blue) with great volume inflows. All these facts combined give me a strong bullish signal to look for entries in $470-520 area with stop loss below $425. My first target is at $800 and second at $1100-1200d41fc044c419dfffd1d1d6e39fb20bd8987ceb0aa09ed1b8740d7c7b2507f732.png

Free $ZEC every day

:DISCLAIMER:

This is my trading idea. I am neither a financial advisor nor I urge you to trade my idea.

Always DoYourOwnResearch prior investing your money anywhere!

Always respect risk management!

Always respect money management!

Always make profits!

By using my referral links you will have a life-time reduced trading fees on Margex, Binance, OKEX, Crypto.com and additional bonuses for new users!

How do you rate this article?


17

1

amtraderpro
amtraderpro

Day trader, crypto investor. HODLING bags of BTC ETH DOT KSM GLQ RSR AKRO BTS AMB CHZ BNB SAND REN KEEP AXS MATIC LUNA TVK AKT PAINT TRB VET SXP ARPA NEO FET EGLD NOT FINANCIAL ADVICE #DYOR


amtraderproTA
amtraderproTA

Technical analysis of charts

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.