Kusama (KSM) - Bullish divergence

Continuing along the theme that the best opportunities are found in alt-tokens…

On the above 2-day chart price action has corrected a whopping 90% since last June. A number of reasons now exist to be bullish , including:

1) Double ‘incredible buy’ signals.

2) Price action and RSI resistance breakouts.

3) Regular bullish divergence . 9 oscillators are currently printing bullish divergence over a 26 day period.

4) Weekly price action is on strong support (weekly chart below) with bullish engulfing candle.

Is it possible price action falls further? For sure.

Is it probable? Very very unlikely.

Good luck!

Ww
PS: I’m not trading this so please ask below for updates.

Type: trade
Risk: <=6% of portfolio
Timeframe: 3 to 9 months
Return: don’t know


Weekly chart support and resistance

Trade active