KUSAMA (KSM:BTC) broke back up above 200 SMA on the 30 mins ...

Updated

KUSAMA (KSM:BTC) broke back up above 200 SMA on the 30 mins after period of continued rejection..

Kusama was originally planned as a testnet for Polkadot, but from what I am hearing so far, it could become its own independent chain in its own right (at the same time as functioning as a test net for Polkadot too) -- where certain projects (that were not successful with securing a Polkadot slot) will instead run exclusively on the Kusama platform rather than migrating onto the Polkadot network.

(Correct me if I am wrong on the fundamentals side of things, I'm focused mainly on TA). :)

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TA

KSM now supported above orange 200 SMA on the 30mins

Need to wait to see if it will continue sideways, continuing to be supported above the 200 SMA, to eventually turn the bearish Ichicloud bullish again, before a recovery can be expected.

Bullish wicks and 21EMA/50SMA bullish cross registered (circled in main chart) on the 30 mins.

PRISM Oscillators Analysis

Hidden Bullish Divergence adhered.
Transparent blue Volume falling off significantly as price increase though.
Acceleration heading up, pulling up Momentum

Still waiting patiently for confirmation for a suitable entry as a long-term investment, with a couple of small stop-limit buys modulated by a combination of Cyber Ensemble and PRISM Oscillators Set, and Ichicloud state, set for now.

Note

Dropped back down and bounced off the 61.8% Fib level, my re-buy-in point after "selling a fraction at 0.00128 BTC" (see my time-stamped post in the comments) earlier. KSM market looking healthy and bullish ahead.

Note

61.8% Fib fail and stoploss triggered.

Expect to go down to 0.00112 BTC to revisit 200 VWMA or down to 50% Fib at 0.00111 BTC where the 200 SMA is at.

Note

KSM need to hold present level above @ 78.6% Fib (supported by the red 21 EMA) for a chance to head higher.

Expect to drop back down to 61.8% Fib level if the 21 EMA (and the green 50 SMA) fails to hold, which we may see further downside as it will bearish "m" distribution pattern.

Note

The chart is acting sensibly though where key levels (MA-lines, fibs, and the ichiclould, etc.) are tested and acting as support/resistance levels in an expected way.

Note

... which is a healthy sign for the low mcap KSM:BTC market.

Note

Parabolic pumped to ~361.8% level after Cyber Ensemble registers another BUY signal. Blow off top reached with TD (plotted from Cyber Ensemble) approaching a 9?

Collected some profits from my re-entry, holding the rest for the long-term for the fundamentals.

Note

However, some bullish signs in the very low time-frame after the pump! But to me, it will obviously be wise to collect and lock in some profits at this stage.

Note: I tend to switch to looking at the 5-30 mins timeframe right after a pump.
Usually, with my indicators, I tend to look at the 1 hrly, and the 3 hrly instead, as well as zooming out to the daily chart as well.

Note

Looking at the 15mins chart:

cybernetwork

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