The expected path of the #KSMUSDT digital currency on the four-hour timeframe
🐻 Bearish dominance
👌 The downward trend dominates the movement of the pair, as we have already seen a sharp decline through the subwaves of wave 3 within a bearish impulsive structure. This wave may represent wave 5 within wave (1)/(A) of a larger decline, targeting levels 5.90 - 5.45, which are the expected targets for wave 5 and a major support zone.
📉 If there is no reversal in this area, the decline may extend further through the subwaves of wave 5, indicating continued selling pressure in the medium term.
⏳ In the short term, we may see the formation of wave 4, which is likely to take a corrective shape, such as a sideways pattern ( like a triangle or a flat ). Breaking a key level will confirm the continuation of the bearish trend. 🔑
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The expected path of the #KSMUSDT digital currency on the four-hour timeframe
🐻 Bearish dominance
👌 The downward trend dominates the movement of the pair, as we have already seen a sharp decline through the subwaves of wave 3 within a bearish impulsive structure. This wave may represent wave 5 within wave (1)/(A) of a larger decline, targeting levels 5.90 - 5.45, which are the expected targets for wave 5 and a major support zone.
📉 If there is no reversal in this area, the decline may extend further through the subwaves of wave 5, indicating continued selling pressure in the medium term.
⏳ In the short term, we may see the formation of wave 4, which is likely to take a corrective shape, such as a sideways pattern ( like a triangle or a flat ). Breaking a key level will confirm the continuation of the bearish trend. 🔑
📊 Close monitoring of price movements is crucial to identify the next moves!
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