The bulls are back! Kusama to 735$ or more! (+80%!)Finally I'm turning bullish and I am accumulating promising projects again, mostly one project in particular: Kusama! Their parachain auctions are coming this week, which means bullishness for the long and short term!
Guys, this is a big opportunity (according to my opinion) because Bitcoin will be in bounce mode for the coming two weeks until the end of the month of June. (most likely) And thus, we can accumulate some specific alt coins which news or a bullish looking chart. My choice? Kusama.
I'm gonna keep it short as i's sunday and I wanna enjoy the weekend but I just wanna give you all this update. The KSM parachain auctions start THIS week! This means in short:
- more buying pressure for KSM from institutional investors and parachain bidders (not too much as most of them already bought loads of KSM ofcourse)
- Kusama will be THE news of the week everywhere
- KSM price will bounce up towards likely $500 mark and with the bullish news, retail will jump on it which can lead us to our breakout target of 735$ and if there is hype even close to 1000$!
- Parachains will kick off soon, which means KSM will be locked AND more and more will be in use (and thus needed) for to run the blockchain
- KSM is the strongest performing alt coin after the BTC crash, it did dump but not as much as others + always stayed above the daily EMA ribbon.
- Confirmed breakout out of bullish triangle + support from the golden pocket (it doesn't get any better)
Remember, Kusama is NOT well known amongst the general crowd but this week is a giant leap forward for them in their "early phase" of their lifespan. With news will come the explanations on why / how and what is Kusama is and how it is exactly the same as Polkadot mainnet, just always one step ahead in terms of innovation. With a market cap of just over 3 billion, Kusama is THE MOST UNDERVALUED crypto project in the entire industry. Seriously, I cant understand retail dropping money in DOGE and SHIBA while you have the Apple of crypto just smiling at you with a 3 bn valuation, lol. Anyways, I have said this many times about KSM and it has been one of my best performing coins as well as my favorite, I sold around the top and now I just bagged up again. Why? Because of just the news? No. I have been waiting for confirmation in the chart. We now have a bullish classic; a triangle breakout confirmed with a retest; turning previous resistance into support. The bulls have never left Kusama!
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
