KSM/USDT: Direct recovery expected
Brian Leclere - 21 June 2022 - APP KSM MARKET_MINDS MEDIUM_TERM
—- Mid-term Analysis for the next coming 4 weeks to 3 months – Daily on Daily Chart (LOG)——-
KSM/USDT: Direct recovery expected
Context
– The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets KSM suffered about negative global market situation
– KSM is expected to bounce from the current bottom area and triggered the bullish divergence on RSI
Market configuration
– Graphical Elements :
Graphical Resistance = 171 & 420
Graphical Support = 36,5
– Mathematical Indicators:
EMA ( Exp Moving averages) are still capping the market = Bearish
RSI indicator (below) is on going divergence but still below 50% = Neutre
– Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target V (C) B is set at = 36,5
Fibonacci resistance of the wave in progress = 171
Fibonacci Bullish Target = 281
Conclusion
Preferred case => Regarding the mid-term element, KSM is expecting to do a bullish reversal from the area we are now. We are bullish above 36,5 towards 281 with an intermediate level at 171. Maximum upside potential at 420
Source: KSM/USDT: Direct recovery expected for BINANCE:KSMUSDT by JeanJean1983
