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KSM

KSM.USDT (Y21.P1.E1).Another breakout formationHi All, I'm see this pattern a lot with some ALTs and some have already broken out of it, eg. ADA, BLZ, etc MY THOUGHTS: Structure is likely completing a ascending triangle with 2 touches to the top for the breakout. Indicators show upward pressure, on the 4 hrly. 8 HRKY looks good on the indicators Liquidity is OK on Binance, 11 million today. How to trade this? I would go to the lower time frames to see a trend\cradle setup and\or wait for the breakout. All the best, S.SAri Lower time frames - looking for an entrance. Its possible that this bearish div can push it down deeper. Hence better to wait for the break out to a new higher low. 8 HRKY looks good on the indicators
Long
by ssari
2
KSM/USDT - Short term HS w/ in Ascending Channel- Bounce for Up!Hello Traders, We are seeing an ascending channel formed on the uptrend. I believe we will see a Head & Shoulders pattern formed within this channel for a small pullback before breaking the channel to go up. We are currently in price discovery and I'm not seeing any reason for a slow down. This is always fun, bc if you buy right you can just trail your SL or TTP and ride the price up. But it's always smart to have Take Profits set to control what you're keeping along the way. When we get this pullback, I'm looking for a bounce off of the EMA 26. Short term, targeting the FIB 1.62. Mid-term, I'm going to be targeting $120 +/- Good luck!
Long
by MarkStPeter
💡 Don't miss the great buy opportunity in KSM/BitcoinTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.002). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . KSM/Bitcoin KSMBTC is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. Take Profits: TP1= @ 0.00253 TP2= @ 0.00342 TP3= @ 0.00433 TP4= @ 0.00527 TP5= @ 0.00620 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 trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
13
💡 Don't miss the great buy opportunity in KSM/BitcoinTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.002). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . KSM/Bitcoin KSMBTC is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. Take Profits: TP1= @ 0.00258 TP2= @ 0.00342 TP3= @ 0.00433 TP4= @ 0.00527 TP5= @ 0.00620 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 trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
14