WouterNRS

KSMBTC new ATH or Correction?

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KUCOIN:KSMBTC   Kusama / Bitcoin
The KSMBTC pair is trading around it's ATH level.

If we look at charts we can see a bearish divergence on the daily chart.
We can see higher highs in price but also see lower highs on the indicators.

This is a sign that there's a weakening of the current trend and a possible reversal.

Target for pullback is the green box

Let's see how this plays out.

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