KSM Symmetrical Triangle situation
On a 1 hour chart, KSM appears to have formed a Symmetrical triangle, a series of declining Maxima and increasing Minima. And it's getting quite close to the Apex (pointy end of the triangle).
It might Breakout Up or Down, so far I'm only speculating about the magnitude of either Breakouts, approximately 25%. What's also important, one of the sides of the triangle is Long term Support.
In the mean time, 1H RSI is heading towards OVERBOUGHT territory, and I'm planning to ladder in a SHORT position when RSI Crosses 70. Making sure MACD is flattening, wouldn't want to get caught in the Breakout.
KSMUSDTPERP
KSMPERP
It might Breakout Up or Down, so far I'm only speculating about the magnitude of either Breakouts, approximately 25%. What's also important, one of the sides of the triangle is Long term Support.
In the mean time, 1H RSI is heading towards OVERBOUGHT territory, and I'm planning to ladder in a SHORT position when RSI Crosses 70. Making sure MACD is flattening, wouldn't want to get caught in the Breakout.
KSMUSDTPERPKSMPERP
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