Kusama looks nice here for a potential long. But, although breaking out and looking good on the 1 hour the safest long trade would be taken after price closes above the 0.00758657 level.
All subject to the Big Boss....Bitcoin!
I HODL Kusama and look for best entries to trade with a small account. It's all about risk, reward, patience and account management.
the purpose of this post is to support my previous trading Idea, if haven't seen it I recommend you have a look at it first. first let me briefly describe what you are seeing on the chart. In white you can see the price of KSMBTC , while in black that's the set of technical indicators that I'm using. this set is composed of simple moving averages...
. There is a possibility of temporary retracement to the suggested support line (0.00361). If so, traders can set orders based on Price Action and expect to reach short-term targets.
. KSMBTC is in an uptrend, and it is expected to continue the trend.
. The RSI is above the uptrend at 68.70.
. There is a possibility of temporary retracement to suggested support line (0.002). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. KSM/Bitcoin KSMBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...