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KSM

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
Kusama (KSM/USDT) Climbing Correctively... WATCH OUT!KSM has been channeling beautifully, unfortunately it appears to be doing it correctively. A pattern like this leans towards a higher probability of connecting to the downside, tread with caution. Two bearish divergences have printed for TP signals on the 4hr TF with the 1st one printing a hidden bull divergence thereafter signaling continuation to the upside. Ultimately our previous uptrend took place on a 4 day tf, and we ended that trend by moving into a 4 day correction on the last drop. This rally has taken us straight into bearish resistance zone on the TDI which should be presumed as a resistance standpoint. If we want to kick up higher, likely this channel will need to end and we'll set in a higher low, followed by a higher high, but currently the indicators don't fall in this direction just yet, we'll need more data to come in to see if we can shift the market sentiment in that direction. Since the previous lows have continuously been defended raised stops below them would be intelligent and alarms set to get notified when they break. As always, not financial advice. I noticed the corrective climbing pattern on KSM and wanted to share my outlook and warning. DO YOU SEE A MORE BULLISH SCENARIO THAN THE C LEG UP I'VE SHARED? SHARE YOUR OUTLOOK IN THE COMMENTS BELOW.
Short
by NewWave_Traders
9