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KSM

Kusama KSM Insane Explosive Move SoonHi dear friends, hope you are well and welcome to the new update on Kusama ( KSM ) coin. The broadening formation: On the weekly time frame chart, the price action of the KSM coin has formed a broadening formation and now the price action is likely to have a very nice bounce from the support of this broadening formation. Once the priceline of Kusama will start a big move from here then the next touch at the resistance is expected at $500. Ichimoku cloud: On the daily timeframe chart, the priceline of the KSM coin has broken down the Ichimoku cloud, and now the conversion line is crossing down the price action to lift it up. Once the price action will cross up the conversion line then the conversion line can cross up the baseline as well which will be a buying signal. We can also observe that there is a bullish cloud above the candlesticks and if the price action is having a bullish cloud above it then it is easy for it to break out this cloud. Because the bullish cloud works as a weak resistance but strong support. Harmonic bullish Shark pattern: On the 2-day time frame chart, KSM has formed a bullish harmonic Shark pattern. I have already shared this pattern a few days back when the priceline was in the buying zone of this bullish harmonic move. The buying and sell targets of this pattern are as below: Buy between: $196.26 to $115.97 Sell between: $276.80 to 446.89 Stop loss of this pattern was as blow: The maximum extent of the potential reversal zone of $115.97 can be used as stop loss. The possible profit and loss ratio of the bullish harmonic Shark was as below: As per the above targets, this trade has a big profit possibility up to 285% and a big loss possibility is 41%. Therefore try to buy it within the potential reversal zone as lower as possible. Conclusion: The price action of KSM coin has already bounced from the support of the broadening formation and at the same time, it is taking a bullish divergence from the potential reversal zone of a bullish harmonic Shark pattern. Therefore, we can expect that soon the priceline will also reach the resistance of the broadening formation at $500 level.
Long
by moon333
1
🔥 KSM Huge Channel Reversal: Long-Term AnalysisFor around 3 months now, KSM has been trading within a huge channel, marked by the green and red marked areas. Assuming BTC's low will remain at ~$28.8k, we can assume that KSM's local low will remain at ~$165. This gives a lot of room for a long term bullish move for KSM. I've marked a couple of resistances on the chart (dotted lines) for potential profit targets in the shorter-term. Be aware that this is a long-term trade, so it might take a while for the target(s) to get hit. Always keep an eye on BTC when trading alts. Happy trading!
Long
by FieryTrading
21
Kusama $KSM Possible Scenarios - 1DThere are 2 possible scenarios for Kusama ($KSM) that could play out: 1) KSM has formed a Head and Shoulders pattern on the daily timeframe. A confirmation of this would be a breakdown below the neckline level of ~$290. This would mean KSM would slump further. Note: The head and shoulders pattern on the OBV has already played out. 2) KSM could find support around the current level of ~$300. This, coupled with a reversal and a break of the OBV S/R level of ~3.25M could propel KSM to its former highs of ~$530 based on past patterns beginning in early March 2021. If this happens, price is expected to move according to the yellow squiggly line. This may give a possible return of 60%+. Please note that this is not financial advice but merely an idea. Twitter: @TraderLH
by LuqH
KSM 1D We see increased interest, where is it worth buying?The Kusama project was created to test other projects before launching on the Polkadot blockchain A good period in the crypto market allowed the price of KSMUSDT to grow from $25 to $625 in just six months. In the May fall, the price of KSMUSD fell by -75% from the maximum, which hurts. But a positive fact is that the KSM token was bought up at large volumes, and now trading is taking place at increased volumes - this is a sign of interest. Now watch out for critical levels: It will be possible to think about updating the maximum if the price of KSMUSDT can gain a foothold above $470 At the bottom, the levels are important: $300 and $195 , it is from them that you can try to gain long-term long positions. If buyers' interest disappears, and the price of KSM drops below $195 , then the fall in the value of KSMUSD may continue to the zone of $80-120 , where in January there was a trade before the growth _____________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
57
Kusama (KSM) potential bullish move to previous swing highsMy strategy for a potential bullish move by Kusama (KSM) back to previous swing highs (and beyond?) I'm personally looking for a swing failure at 'D' of the bullish butterfly harmonic for a potential reversal. Take some Profits between POC and 0.618, bring your stop loss into profits somewhere below the daily level. After a succesful retest of the daily level, my next target is going to be between the 1.618 and the previous swing highs, where I will take most of my profits (75%) - I put my stop loss into even higher profits and let the remaining 25% do what it has to do. KSMBTC and KSMETH looking bullish too as we are reaching important supportareas. Thanks for checking out my strat. I would really appreciate some feedback and constructive critisism. :) (of course no financial advice and do your own research)
Long
by marrrtin_
7