KSM setting up for another Pump

KSM setting up for a second impulse in the form of a broadening upward channel.
Very common to see this patterns in crypto as volatility kicks in when in pumping mode.
Take a look at the double bottom that marked the end of it's correction from the first swing (curves in blue).

Notice the last three candles how they are formed in a trending upward pattern (circles in pink), along with trending volume resulting in the Accumulation Distribution above it's EMA13.
These Three Candles you can call them Three White Soldiers if you like.

The correction was a classic 50% correction, indicating a healthy correction in the upward movement, it did not fall below 62%, which for us personally is a good sign for the bullish side.

Honestly, all analysis on crypto are based from the broader view that the crypto market is in bullish mode, and is not convenient to be shorting for the moment.

Yes it can fall, but for the moment the strategies are oriented towards a bull environment.

Just an OPINION. If it's useful please LIKE and FOLLOW. Cheers and best of best :)

評論:

Beautiful