KSM/USDT : Cup and Handle formed, $660 is programmed !BINANCE:KSMUSDT
Hello everyone 😃
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#KSM has formed a Cup and Handle here, Also there is a breakout on the higher resistance zone.
- We had failed breakout earlier but this time might have more proven bullish momentum because of Cup & Handle.
📑 Target of the pattern will be 227 unit growth and it'll give us the minimum target of $660 ( 52% growth ).
- Also FIB extension's target on 0.50's level is located near above to $660 !
But what is Cup & Handle and how it works ?
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
The pattern's formation may be as short as seven weeks or as long as 65 weeks.
It is worth considering the following when detecting cup and handle patterns:
- Length: Generally, cups with longer and more "U" shaped bottoms provide a stronger signal. Avoid cups with a sharp "V" bottoms.
- Depth: Ideally, the cup should not be overly deep. Avoid handles that are overly deep also, as handles should form in the top half of the cup pattern.
- Volume: Volume should decrease as prices decline and remain lower than average in the base of the bowl; it should then increase when the stock begins to make its move higher, back up to test the previous high.
🔴 On this such charts, You can set your SL below the broken resistance zone as 2-3 candles close to avoid the LOW R:R and possible Stop-Hunts !
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Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
KSM
KSMUSDT Technical Analysis⏳ Spot
💎 KSMUSDT has broken above a significant resistance. It has formed an ascending channel and has been making HHs and HLs in the channel. It must eventually go to the top of the channel
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 389.0 - 409.8
☕️ TP1 457.3
🍺 TP2 490.7
🍻 TP3 528.2
🍾 TP4 569.9
🍷 TP5 601.3
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 346.7
Good Luck 🎲
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The State of CryptocurrencyDiscussing the overall state of #cryptocurrency the beauty we've created in #Sector of #nfts through the #NFTCommunity #nftcollectors recession proof!
I also touched on why I am so bullish on #DOT and #KSM. The parachains, i'm looking ten years down the road like they are.
If you need coaching, schedule a call Beast Mode Trading Club!
KSMUSDT +700According to the DOT and Parachain network update, I think KSM can grow well, but I have 2 entry points to buy:
after breaking 450 and fixing Or in a drop in price to the important support of 300
Target 600 - 800 - 1000 - 1300
tip: I am the buyer of this currency only as long as it is in the uptrend channel
💡Don't miss the great buy opportunity in KSMUSD @kusamanetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (385.1).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. KSMUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 406.6
TP2= @ 417.1
TP3= @ 425.2
TP4= @ 443.0
TP5= @ 455.6
SL= Break below S2
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Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
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💡Don't miss the great buy opportunity in KSMUSD @kusamanetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (385.1).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. KSMUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 406.6
TP2= @ 417.1
TP3= @ 425.2
TP4= @ 443.0
TP5= @ 455.6
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Kusama (KSM) Will Be Heating Up $400 IncomingKusama has been slowly marinating about to cook up. With Polkadot (DOT) trending towards all time highs Kusama will most likely follow in the weeks to come. Kusama has been moving sideways squeezing between $315 - $350 since September 21st and now fighting to bust pass the $370 resistance area . A run up back to the $400 point of control (POC) area will be more probable once a full break past resistance happens. Still a good amount of run up on the RSI as well. We've been on a nice steady uptrend since July 21st. Kusama has a good chance of re-testing its all time highs as well.
Keep Kusama on your radars! There's still a nice amount of room for growth with only a $3 billion market cap compared to Polkadot's $43.3 billion. Only a max supply of 10,000,000 coins!
Support: $315
Resistance: $370
Much peace, love, health, and wealth!
KSM Coin Pullbacks From The 200-EMAThe daily technical chart and price trend of Kusama coin show a bullish trend. Based on the pivot point, the first support zone is 255.0 USD. Another way to watch it is that if it rushes, the resistance level to look at is 430.0 USD. Therefore, the chart created a shooting star candlestick pattern during the day, and the cost is confident that it will reverse downside with unwavering medium strength.
KSMUSDT Technical Analysis
⏳ Spot
💎 KSMUSDT has formed a symmetrical triangle . The price is getting rejections at the minor support, so it is very likely that the price goes up to the major resistance which is the upper band of the triangle. if it breaks above it it will go to TP2
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 340.0
☕️ TP1 410.0
🍺 TP2 515.0
🍻 TP3 _____
🍾 TP4 _____
🍷 TP5 _____
🍸 TP6 _____
🍹 TP7 _____
🎁 TP8 _____
🚫 SL 293.0
Good Luck 🎲
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a Profitable Day