Looking at KSM today, we saw 13% growth in a single candle and have seen the value double over a 30 day period.
If you want to see an “awakened” chart, this is a nice one. Very linear movement until suddenly *POP* it’s in land banging off high level resistance levels like it forgot they were there for a day or two.
Keep in mind the looming spectre of BTC wiping the market with another shakeout.
With these factors taken into account, along with a massively overbought . I’d expect a quick rejection fairly soon, likely at the next marked fib level, back down to top level support. From there we’ll have to see where the goes. If we get decent support expect it to move right back up again for us and hit the next two targets at least.
This isn’t dating advice. Nor is it financial advice.🤙