By the end of 2022, will KSM investors reach $500 again?Kusama coin is consolidating in a horizontal range, where $140-a resistance and $115 seem to be a support area.
Today, the KSM coin price jumped above the 20-day moving average, which stood to be a resistance line.
However, today the bulls managed to keep the KSM coin price above the 20-day EMA in the context of the daily price chart. The rest of the moving averages, such as the 50,100 and 200 MAs, are well above the current price of KSM. Meanwhile, the coin saw an incredible change in volume of 153% over the past 24 hours, indicating that the coin is attracting investors. Also, the volume to market capitalization ratio is 0.06806.
Moving Average Convergence Divergence (MACD) has generated a bullish crossover from negative territory in the context of the daily price chart. Furthermore, Stoch RSI is enjoying a roller coaster ride but the indicator still appears to be bullish above its half-level (50-point).
The bulls need to immediately break the $140 resistance; then, there is only one bullish hurdle standing in the way of the $150 short-covering. On the other hand, if the bulls fail to propel the price of Kusama coin higher on a daily basis, the bears will again initiate panic selling.
Support level - $100 and $60
Resistance level - $150 and $200
KSM
Excellent reward coefficient in KSMHello dear friends
What the chart tells me is that the price is involved in large fluctuations in a non-parallel channel. So what can we do to make a profit ???
It is enough to enter the deal in the ceilings and floors after getting the return confirmation and stay with it until the specified ceiling and floor. This chart model is one of the least risky charts.
******Appropriate entry points for supports and resistances according to the chart*******
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Thanks dear friends.
Be generous and rich.
Kusama Repost- i made this chart in Euro because the trend seems more clear than USD.
- Just convert € to $ if u want to play it in Dollars.
- will post in comments older analysis.
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Trading Plan
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Buy Zone : Now ( 140 - 145 €)
TP1 : 260 € (Security TP + Older Demand VP resistance )
TP2 : 380 €
TP3 : 700 € ( Long Term )
SL : under 120 €
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Happy Tr4Ding !
KSM Big SupportKSM is testing the Neckline of a massive Double Top from a year ago, which makes it a very strong Support channel.
A few targets within the weak descending channel:
Target #1 = 165
Target #2 = 161
Target #3 = 158
Target #4 = 156
SUPPORT DAILY = 156 to 141
Once KSM reaches the Support Daily/Neckline, watch out for turbulence. I'll consider entering after it breaks down the Neckline. If this thesis holds, KSM will be in freefall.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas , Please like/comment , It means a lot, Thank You! ❤️
HUOBI:KSMUSDT
BINANCE:KSMUSDT
FTX:KSMPERP
BYBIT:KSMUSDT
KSM, keep an eye on this trend line.A trend line can be identified on the KSM chart. At the moment it is resistance. In case of squeezing and breakout, there could be a good buying opportunity. I would also like to note that there is high volume on the bottom, which is a positive signal.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Kusama (KSM) formed big bullish Shark for upto 322% rallyHi dear friends, hope you are well and welcome to the new trade setup of Kusama ( KSM ) coin.
During the previous market crash, KSM formed a bullish Shark pattern, which I shared as below:
Now during the current drop, on the weekly time frame chart, KSM has formed a bullish harmonic Shark pattern for a big bullish reversal move.
KSM/USDT - Potential 174% SetupHello Traders!
KCM is correcting along with the market.
Buyers support the range of $142 - $193
We can consider purchases in the range of $142 - $162 closer to the support level of $142, counting on a rebound.
The position should be closed with a stop-loss if the price goes under the support level of $93.
The targets are price levels of
$286
$328
$388
Excellent risk/profit ratio.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Kusama - long term tradeI am optimistic on the market in this area, not because this coin gave me profits in the past, but the daily graph is an solid uptrend, despite overall dark atmosphere at the moment... I Love the project, I like what I see on socials and definitely it's my top3 pair in next bull run. Very low Volume, watch out it's going to a bumpy ride!
My strategy: I'm going big on every trade consequently putting very tight stop loss so I can execute that setup again with better numbers instead of being stuck with red bags. Sometimes I might catch stoplosses 2, 4, 6 times before reaching TP.
KUSAMA The Canary Network- Everyone knows about KSM right ? if you don't, you should DYOR.
What Is Kusama (KSM)?
Self-described as "Polkadot's wild cousin," Kusama is an experimental blockchain platform that is designed to provide a massively interoperable and scalable framework for developers.
Kusama is built on Substrate — a blockchain building kit developed by Parity Technologies. Kusama has almost the same codebase as Polkadot — one of the most successful interoperable blockchains.
By deploying on Kusama, fast-paced projects gain access to a highly scalable, interoperable sharded network, with features that are not yet available on Polkadot. To that end, Kusama describes itself as a “canary network.”
- The interesting fact about Kusama is : if you want to participate in KSM Parachains, you have to lock your tokens for 1 Year, but with Polkadot Parachains the locking time is 2 years.
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Trading Plan
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Buy Zone : 320-330$ ( Buy the Breakout )
TP1 : 499$ (security TP)
TP2 : 679$
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SL : No need
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Be Safe and follow TheKing !
Happy Tr4Ding !
KSM USDT |+80% Potential Profits#KSM-USDT
Entre from 260 to 250✅
The recommended capital is no more than 5%
Total Risk is 1% from the wallet
Targets:
- 287 USDT
- 330 USDT (sell at least 50% on this Huge Resistance may stop bulls from climping up more)
- 298 USDT
- 277 USDT(assign very small amount for this target)
Stop-loss:
Close Weekly candle under 212
🌹Don't trade without risk/capital management and Stay Safe 🌹
🌹 Thank you 🌹
See available trades to enter on Related Idea section
EVER HEARD OF THE SEX GODESS NAMED POLKADOT???Greetings fellow Traders,
Today we consider the trading pair DOT/USDT
Looking at the chart above us, we can see that ever since DOT was listed(or after the rebrand at least), Price has continued to respect an ascending Trendline while forming a Ascending Triangle pattern in the process.
Currently Near Support of the trendline, and still in it's Larger Wave 2 correction, Price seems almost bottomed out.
Taking a look at our RSI, ever since the wave 1 top & price hiting our triangle resistance, a bearish divergence was formed, sending both price action & our RSI into territories for a buying spree, most notably the RSI into the oversold region and price into accumulation.
Should that same pattern repeat itself (and it looks just as though it might), we can expect one last retracement to the trendline support before gearing up for another impulse wave move to complete wave 3.
Take profit zone is calculated by taking the length of the triangle from start to resistance and placing it ontop of the triangle, along with some other confluences on the fibonacci tool.
Trade Idea:
--DCA your way down to triangle support
--Target PROFIT ZONE for quick gains
--HODL the rest until strong price rejection.
If you agree with this idea, pls leave a like as well as your thoughts in the comments section.
As always, feedback is appreciated!
LONG KSMUSDT | LONG KSM / USDT | Elliott Wave ImpulsiveThis can be an opportunity to take advantage of the last wave of the impulsive Elliott Wave Pattern.
Entry Price: 308.7
Target Profit: 347.7
Stop Loss: 302.6
Ratio Risk / Reward ≃ 6.30
Potential Profit: 12.54%
This could be a good opportunity associated with a margin position as the ratio risk/reward is good.
KSM - Long-term & Short-term RoadMap!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Long-Term:
KSM is trading inside this giant symmetrical triangle in brown.
As per my trading style, I will be waiting for a third swing to form around the upper brown trendline to consider it valid then buy on its break upward. (projection in purple)
Short-Term:
As KSM approaches the lower bound/brown trendline, I will be looking for buy setups on lower timeframes. Any bullish reversal setup like a double bottom, trendline break, and so on...
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KSM/USDTKSM has flipped the RSI trend on the daily chart. However, the price is still unable to break 100 Daily EMA. This gives us nice #BuyTheDip. BTC is looking shaky still in the range between 20 -50 weekly EMA. Therefore watch out for stop hunt no need to rush slowly dca.
On balance volume give's a hint once btc cool of i see KSM doing well
Expected retrace 280 – 297
Key 250$ must hold!