🔥 KSM Huge Channel Reversal: Long-Term Analysis

For around 3 months now, KSM has been trading within a huge channel, marked by the green and red marked areas.

Assuming BTC's low will remain at ~28.8k, we can assume that KSM's local low will remain at ~$165. This gives a lot of room for a long term bullish move for KSM.

I've marked a couple of resistances on the chart (dotted lines) for potential profit targets in the shorter-term. Be aware that this is a long-term trade, so it might take a while for the target(s) to get hit.

Always keep an eye on BTC when trading alts. Happy trading!