KSM
KSM- Kusama TargetsI have never invested in Polkadot directly but Kusama has worked perfectly well for me twice before.
Time for number 3?
The fundamentals look GREAT and the chart agrees.
Kusama calls itself the canary network of Polkadot. So, what is a canary? It is a type of bird that coal miners used to check if it was safe to enter the coal mines. Kusama works quite similarly for Polkadot. As we know that Polkadot is becoming quite popular among blockchain developers, so Kusama is a perfect option for them to test their applications before launching them on Polkadot.
🆓Kusama (KSM) May-27 #KSM $KSMKSM has conquered the 320$ zone and is heading to 400$, 480$, and 560$ zone. But if it loses this 320$ zone again, it will have a big decline to 240$ or even 120$ zone in June
📈BUY
-Buy: 310-330$. SL if B
-Buy: 390-410$ if A. SL if B
📉SELL
-Sell: 390-410$. SL if A
-Sell: 470-490$. SL if A
-Sell: 550-570$. SL if A
♻️BACK-UP
-Sell: 310-330$ if B. SL if A
-Buy: 230-250$ if A. SL if B
-Sell: 230-250$ if B. SL if A
-Buy: 115-125$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
KSM future profitHaving a look to the different charts we can see how BTC is having a bad time trying to overcome the trading line and keep its way to 42k. If BTC drops the alts drop. That is why looking at KSM I can see some free profit as soon as it touches the support I marked on the chart. After it reaches the first support we can buy, setting a stop loss just under that line trying to avoid any potential lose if KSM decides to drop to the next support following the bigger pattern. For any questions feel free to ask !
KSMUSDT, Kusama - ready for the parachain auctions pump ?Hi guys,
In the light of the upcoming Kusama parachain auctions, I think it's quite reasonable to get involved in KSM. Even more when the technicals are pointing to an imminent breakout.
I will be looking for a 4-hour and 1D candle closes above the $570 levels with next target at $740, 30 percent from here.
Possible retrace to the $480-$500 support zone, around the 21-day EMA on the 4-hour chart where I plan do add more to the long position.
Regards,
💡Don't miss the great buy opportunity in KSMUSD @kusamanetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (482.67).
. 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 71.
Take Profits:
TP1= @ 569.90
TP2= @ 628.41
TP3= @ 711.50
TP4= @ 790.00
TP5= @ 911.63
SL= Break below S2
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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 (482.67).
. 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 71.
Take Profits:
TP1= @ 569.90
TP2= @ 628.41
TP3= @ 711.50
TP4= @ 790.00
TP5= @ 911.63
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 ❤️
KSMUSDT Head and Shoulder PatternKSMUSDT(4H CHART) Technical Analysis Update
Head and Shoulder Pattern
KSM/USDT currently trading at $472
Buy-level: $460 - $480 (Wait for the small retracement)
Stop loss: Below $420
Target 1: $518
Target 2: $560
Target 3: $600
Target 4: $650
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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Kusama going for 600$ and beyond!In case you missed the various pumps on alts and you have fomo but kept composure and didnt buy a top; I say: good job! Now you should have some fiat for Polkadot on steroids called Kusama (KSM)!
I did various analyses on KSM already and simply put; fundamentals are insane (Polkadot and Kusama could get close to ETH in terms of adoption), token economics are amazing and KSM has been rallying ever since this bull market started. So I already gave you a signal weeks ago on KSM when it was trading around 320$. (see link below) But lucky you, KSM didnt fully breakout yet and is currently clearing the last resistance hurdle on its way to a new ATH! Targets are in the chart but don't expect all of them to get hit by the end of this month; the first one is definitely in the cards. KSM is a spot buy and hold for patient investors, it might take a while before it pumps but when it does; it goes nuts.
Sidenote: check that daily RSI trading 94 days above 54 (black line); that's what I call a strong coin with demand! When we clear the resistance we can see big things happen! Long term projection is 1K by the end of this year but maybe more... It will depend on the popularity / adoption of the parachains - if you don't know what that means, google and read about KSM first. Lets ride the Kusama wave!
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
CRYPTO WEEKLY #18 (2021)A new crypto week has started! It is looking as bullish as it can be here guys, total crypto cap tapped ATH last night and there is no sign of declining appetite for crypto and righteously so!
So I keep this one short, I project BTC to breakout on Wednesday which should take BTC above 60K again. If BTC holds above 60K this week we are in for a new ATH and a possible 70K by the end of the month. But first lets see if we can break 60K as its a big hurdle at the moment. Also watch out for shakeouts before the breakout.
Then the new king of crypto: Ethereum (sorry BTC maxi's) is looking very bullish! ETH doesnt seem to slow down and is slicing through heavy resistance like a knife through butter. However; watch out with leverage longs though! Lets not give the market maker any reason to bring the price back down by giving them an opportunity to wick you out. So if on the sidelines; ETH is still a good buy on spot, especially for the long term (the next 6 to 12 months). ETH is an easy keeper and I might have found yet more insights on where the price might go in the next 6 to 12 months. I have to verify and study more but if its true what I'm seeing we have multiple X's ahead for ETH. As of yet still by far the best performing coin in the whole market and by far the coin with the best fundamentals. The cryptomarket has never been this easy.
For the rest of the market; we need to wait and see as BTC needs to hold the line for other coins to pump. If you like something else besides ETH; I am still bullish on KSM and potentially DOT, BNB and LINK. From this list though I only think KSM has a decent chance to outperform ETH but we can never tell for sure. (check my analysis linked below for KSM)
Last week's projections hit their targets perfectly and this week we project: BTC to break 60K, ETH could run towards the 4400$ zone and KSM should be able to break the 500$ mark. Last remark: be happy with a dump on Monday, it means we will pump this week, be patient!
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
KSM - Decision Time 🕒KSM has moved up 60% since our last post. Price bounced off perfectly from our area of interest. Ideally we would have wanted clear bullish moves but as it stands, it's still very corrective indicating that we may get another move down. If that happens, we will wait to see where price creates a floor and then find buying opportunities at a cheaper price.
KSM - Decision Time 🕒KSM has moved up 60% since our last post. Price bounced off perfectly from our area of interest. Ideally we would have wanted clear bullish moves but as it stands, it's still very corrective indicating that we may get another move down. If that happens, we will wait to see where price creates a floor and then find buying opportunities at a cheaper price.
KSM over $600!KSM has been on a complete tear since last November when we entered the current upwards trending channel. Even through long periods of very high RSI the price continued to move up. However, KSM did not have a good April and slid back to the lower end of the channel.
The RSI bouncing (circled on the chart) as well as the MACD crossing the signal line tells us that a reversal to the upside is on its way. Additionally, we have now had two daily closes above the .236 level. As well as two daily closes above the 50 day moving average. All very bullish signs for $KSM.
I'm looking for KSM to get up to $600; the middle of the channel, and the .618 line. Secondary target would be around $800 is the RSI doesn't go too crazy or if BTC does has a dip that brings the whole market down.
Stop loss at a daily close under the lower end of the channel.
Have fun! Trade at your own risk
Kusama ready to flyKSM has been in a mega uptrend vs BTC for a long time, an especially vs USD. This year it made a new ATH vs BTC and currently it just retested some key levels both vs BTC and USD. It is now back above its 50 DMA and the monthly P looking very strong. Could easily hit R3 relatively soon. In my opinion Polkadot is also bullish which is definitely a plus! Maybe Polkadot and Kusama get listed on Coinbase together and we get a nice pump for both when that happens.
KUSAMA KSM Wave 4 to 330$ or 272$Hello everyone,
I'm showing you a clear view of the ascending logarithmic channel. This Wave 3 in pink reached the 161.8% fibo and the Roof of the channel. Because W2 was not that strong i think we might have all the chances to get a Wick on the 0.5 or the Golden pockets at :
0.5 : 329.17$
0.618 : 271.09$
If we achieved 0.5% on W4, next Wave 5 should reach at least 1058$ on the 100%
In case your are worried for dumps; look at this chart.CRYPTOCAP UPDATE: I see a lot of people who are worried for dumps on ETH, BTC or any other coin. This is very justified because normally we see big dumps after big pumps; however: the total cryptocap is telling us a different story...
The story is simple and short; while most of us crypto enthusiasts have been in the space for years or at least months; most of the institutional investors and retail is still testing the crypto waters . Only since the end of February we had an influx of 1 trillion USD entering the pace hence why all coins went parabolic in the last month or two. But the trend doesnt stop there, the total crypto markets are set for an inlfux of another trillion by mid summer and if we have follow through into fall; we can see a totalcap of 3,6bn in Septermber / October. Question remains; where does this story end? Well lets take it step by step but in the most bullish scenario we could hit an 8tn total crypto cap by the end of 2021 or start of 2022; which means that most coins could do a 3 to 4x from here if we distribute the money inflow equally. In my opinion you want to hold fundamentally strong coins because my projection is that most of the money inflow (more than 70% coming from institutional investors) will go to these projects.
For now, we would like to see us hold the 2,224tn mark and find support on FIB level. If so, a breakout will be confirmed and we can rally 15% in May towards 2,5tn and potentially more... So to conclude; if this chart stay bullish , I stay bullish on almost any coin out there but especially the fundamentally strong ones. (linked my selection below)
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
CRYPTO WEEKLY #17 (2021) Lets start May well and continue the trend upwards as we have a lot of adoption ahead. We are at the moment where any serious investor cant get around crypto. With diminishing returns or potential in the stock market next to a blooming and growing crypto market; we have a long road ahead...
I project the majors to have a strong return in the trading sessions with coins like ETH, LINK, DOT, KSM and BNB doing specifically well - and of course; a strong return for BTC with a projected target of 62K - or to at least take out the 60K mark. If we take out our previous ATH this month, which is in the cards; we could see a 70K Bitcoin in the month of May. Which would coincide with the projected growth for the majors mentioned above. Smaller cap or high supply coins might struggle to keep up. I'm looking out for ETH this month specifically which could hit 4K if BTC pulls off its most bullish scenario of 70K. First though; lets take out 60K for BTC and reach the projected target zone of 3200 - 3400$ for ETH. Pullbacks may happen and we should always be cautious for such scenarios but the trend is bullish.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.