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KSM

KSM-USDT - LONG FALLING WEDGE***What is the Falling Wedge? .................................. The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. In general, a falling wedge pattern is considered to be a reversal pattern, although there are examples when it facilitates a continuation of the same trend. This article explains the structure of a falling wedge formation, its importance as well as technical approach to trading this pattern. Where Does the Falling Wedge Occur? The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pull back, two converging trend lines are drawn. The consolidation part ends when the price action bursts through the upper trend line, or wedge’s resistance. One of the key features of the falling wedge pattern is the volume, which decreases as the channel converges. Following the consolidation of the energy within the channel, the buyers are able to shift the balance to their advantage and launch the price action higher. there are three key characteristics of a falling wedge pattern: 1- The price action temporarily trades in a downtrend (the lower highs and lower lows); 2- There are two trend lines (the upper and lower) that are converging; 3- There is a decrease in volume as the channel progresses. The first two elements are mandatory features of falling wedge, while the occurrence of the decreasing volume is very helpful as it adds additional legitimacy and validity to the pattern. It may take you some time to identify a falling wedge that fulfills all three elements. *** What the Falling Wedge Tells Us? ...................................... The falling wedge pattern is a technical formation that signals the end of the consolidation phase that facilitated a pull back lower. As outlined earlier, falling wedges can be both a reversal and continuation pattern. In essence, both continuation and reversal scenarios are inherently bullish. As such, the falling wedge can be explained as the “calm before the storm”. The consolidation phase is used by the buyers to regroup and attract new buying interest, which will be used to defeat the bears and push the price action further higher. Hence, a falling wedge is an important technical formation that signals that the correction, or consolidation, has just ended as the asset’s price left the wedge to the upside and, in most cases, the continuation of the overall trend is taking place. ***Trading the Falling Wedge? ...................................... Paying attention to volume figures is really important at this stage. The continuous trend of a decreasing volume is significant as it tells us that the buyers, who are still in control despite the pull back, are not investing much resources yet A break of the wedge to the upside has to be confirmed by a daily close above the wedge, which is exactly what happens. At this point, you have two opportunities: 1- You enter a trade as soon as the close occurs 2- You wait for a potential pull back for the price action to retest the broken resistance. The first option is more safe as you have no guarantees whether the pull back will occur at all. On the other hand, the second option gives you an entry at a better price. In this case we will go for the option number one. A stop-loss order should be placed within the wedge, near the upper line. Any close within the territory of a wedge invalidates the pattern. Finally, you have to set your take profit order, which is calculated by measuring the distance between the two converging lines when the pattern is formed. This way we got the green vertical line, which is then added to the point where the breakout occured. Thus, the other end of a trend line gives you the exact take-profit level. I will Post Trade When trade is active for me. *****GOOD-LUCK*****
Long
by Mahdicryptodotma-pro
KSM 1D - Possible upward movementLooking at the daily, you can see the formation of an accumulation triangle with a higher probability of a rise, which can raise KSM to values, at first, around $48.62. Which would be awesome and there's also a magnetic force from the ichimoku cloud which makes KSM make an upward move. From the top (05/17/2021) to today, it corrected about 93.46% which gives us the clarity of the upward movement, as Kusama is of very high octane and deep principles. If it breaks $44.86 the bullish move is imminent. Let's not forget about the latent oversold shown on the RSI. Anyway all technical indicators show an upward movement. Follow support and resistance in 1H time frame S: 39.57 / 39.08 A: 43.23 / 40.58 / 41.59 / 42.40
by ferulianov
KSM - AnalysisLast week, KSM registered a range trend between two support and resistance ranges. The resistance is in the range of $43.8 to $44.8, and the support which is in the range of $37.8 to $40.3, has so far prevented the currency from continuing to move in both directions. A downtrend line is also considered as resistance on the chart and reinforces the static resistance range so buyers need to break through the dynamic resistance to reverse the price. In this case, the first target that can be considered for this currency is in the range of $57, which resistance can make the price enter a corrective wave in smaller time frames. In the four-hour time frame, an uptrend line can be used as support. If this support range is broken, the price can again move towards the main support.
by MonoCoinSignal
20
KSM. $66 in June '23 or $19 in Dec '22?The situation is ambiguous. It is likely that the bottom of the market is forming at the moment. Those who are waiting for a fall may not see it. On the other hand, it seems that there has not yet been a complete capitulation... But! Ask yourself, is it possible to draw a parallel with 2019 and earlier? It's definitely hard to say. At the moment, ecosystems are completely different... They are more solid, with a huge number of devs, investments and the desire to create necessary, useful products. And of course, do not forget about the stats from 2018: 90% of the total supply of bitcoin is held by 1% Have a good day!
by Tropnik
Kusama AccumulateWhat Is Kusama (KSM)? - Self-described as "Polkadot's wild cousin," Kusama is an experimental blockchain platform that is designed to provide a massively interoperable and scalable framework for developers. Kusama has almost the same codebase as Polkadot — one of the most successful interoperable blockchains. - By deploying on Kusama, fast-paced projects gain access to a highly scalable, interoperable sharded network, with features that are not yet available on Polkadot. To that end, Kusama describes itself as a “canary network.” - This is a long term trade, as we remain in bearmarket for now, KSM could enter a long consolidation corridor. - KSM can be staked in Kraken for 18% (and more exchanges) or Onchain via Polkadot.JS - Total Supply for Kusama is Total 9,651,217 so his price is far under valuated. - When you see BB is thinner and thinner a potential move is about to start. - Remember that all altcoins follow TheKing so if BTC don't move, they won't move. - i will post my older KMS Chart in comments. ------------------------------------------------- Trading Parts ------------------------------------------------- Buy : 40$ ish ( Now ) Rebuy : 25$ ( Max Buy if we have a BTC wick ) ------------------------------------------------- Tp1 : 999$ Tp2 : 1499$ ------------------------------------------------- Happy Tr4Ding !
KRAKEN:KSMUSDLong
by thecryer
5