Please feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
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KSM has fallen the past week due to uncertainty in the market. As Bitcoin price drops today we see altcoins following, however we also notice several which are holding up quite nicely in comparison.
RSI is almost in the oversold region. Last two times it was here, we saw a very nice run up. During both those times price was trading below the 50 & 200 EMA. Today we're still above the 200 EMA, which is a bullish sign.
What do I expect to happen?
Either we get a bounce here on the .382 FIB level, or we fall further down towards either the 200 EMA or the golden pocket.
Entry points: 2515 - 2400 - 2300
SL: 2199
TP: 3000 - 3500 - 4299
Also make sure to leave a like as it helps me out a lot!
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KSM has fallen the past week due to uncertainty in the market. As Bitcoin price drops today we see altcoins following, however we also notice several which are holding up quite nicely in comparison.
RSI is almost in the oversold region. Last two times it was here, we saw a very nice run up. During both those times price was trading below the 50 & 200 EMA. Today we're still above the 200 EMA, which is a bullish sign.
What do I expect to happen?
Either we get a bounce here on the .382 FIB level, or we fall further down towards either the 200 EMA or the golden pocket.
Entry points: 2515 - 2400 - 2300
SL: 2199
TP: 3000 - 3500 - 4299
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