#KSM (SPOT) entry range (15.70- 20.70) T.(154) SL(13.85)BINANCE:KSMUSDT
entry range (15.70- 20.70)
Target1 (39)- Target2 (49)- Target3 (80)-Target4 (111)-Target5 (154)
SL .1D close below (13.85)
**NOTES***
1* this coin is very heavy, it may take long time to achieve the targets and the targets is for the BULL RUN
2* collect the coin slowly in the entry range ( do not all in one time in one price )
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM ****
Ksmanalysis
KSMUSDT.1DIn this professional analysis of the Kusama (KSM)/USDT daily chart on Binance, I'll delve into the current technical setup and evaluate potential future movements based on the observed price action and indicators.
Price Action and Support/Resistance Levels
The current price of KSM stands at approximately $26.39, with a recent loss of 5.48% on the day. The chart identifies significant resistance levels at $34.72 (R1) and $47.90 (R2), as well as support levels at $23.37 (S1) and $15.29 (S2). These levels are crucial for understanding potential bounce-back points or further declines.
Technical Indicators
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line and close to the zero line, indicating a lack of strong momentum and leaning towards bearish territory. The proximity to the zero line suggests a potentially weaker trend or a consolidation phase.
RSI (Relative Strength Index): The RSI is below 40, which typically indicates bearish momentum and shows that the asset might be approaching oversold conditions. This could potentially lead to a rebound if buyers step in near key support levels.
Market Sentiment
The overall market sentiment, as reflected by the technical indicators and recent price action, suggests bearishness in the short term. The significant drop in price, combined with the current positioning of the MACD and RSI, indicates that KSM may continue to face downward pressure.
Conclusion
Considering the bearish signals from both the MACD and the RSI, as well as the current price level nearing the first support at $23.37 (S1), KSM appears to be in a vulnerable state. If this support level holds, there could be a potential for a short-term recovery towards R1. However, a break below S1 could lead to further declines towards the more substantial support at S2. Given this outlook, traders should keep a close watch on these support levels and adjust their strategies accordingly, perhaps setting stop-losses to manage risk effectively in a volatile market. This analysis underscores the importance of vigilance in monitoring further developments and being prepared to act based on key technical levels and indicator signals.
The beginning of the upward trend of the KSM currency#KSM time 1W currency analysis
Considering the favorable chart conditions and the creation of the classic inverted head and shoulder pattern in the weekly time, we can expect a good growth from the created support range of $25, and the long-term price target is the resistance level of $200.
KSM has formed a Bullish patternKSM has formed a Bullish pattern
🔵Entry Zone 49.19 - 51.53
🔴SL 45.48
🟢TP1 55.36
🟢TP2 63.31
🟢TP3 77.82
Risk Warning
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#KSMIn the 2-hour and 4-hour timeframes, after a Sharpie growth, a zigzag correction has already been carried out, which is placed in the corner, which should probably have an unsuccessful exit from the top, and then continue the correction in the specified areas for a complete cycle. complete a 5-wave movement that after the completion of the last wave, we should see an X wave upwards.
In addition, contrary to this move, the 4-hour candle above $50 should be closed.
KSM-USDT - LONG FALLING WEDGE***What is the Falling Wedge?
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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?
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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?
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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*****
KSM/USDT - Potential Short ScenarioHello Traders!
KSM continues its downward movement. Currently, the price is testing the support level of $44.00.
Closing under $44.00 will trigger a further continuation of the downfall. The result of such movement will be the price exit to $16.82
Medium-term purchases can be considered at $16.82 - $25.93.
The targets for such purchases will be the price levels of $44.00 and $63.00
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
KUSAMA The Canary Network- Everyone knows about KSM right ? if you don't, you should DYOR.
What Is Kusama (KSM)?
Self-described as "Polkadot's wild cousin," Kusama is an experimental blockchain platform that is designed to provide a massively interoperable and scalable framework for developers.
Kusama is built on Substrate — a blockchain building kit developed by Parity Technologies. Kusama has almost the same codebase as Polkadot — one of the most successful interoperable blockchains.
By deploying on Kusama, fast-paced projects gain access to a highly scalable, interoperable sharded network, with features that are not yet available on Polkadot. To that end, Kusama describes itself as a “canary network.”
- The interesting fact about Kusama is : if you want to participate in KSM Parachains, you have to lock your tokens for 1 Year, but with Polkadot Parachains the locking time is 2 years.
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Trading Plan
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Buy Zone : 320-330$ ( 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 has a long long way to gowell well. we rarely see a golden cross on KSM on daily, guess when it happened last? this week only :)
KSM is an exception in Alt coins, it has limited supply and most of it is locked in parachains or in staking, So once it picks momentum, it is really hard to stop it!
If bitcoin is all good, i mean it doesnt decide to end this bull run, You can expect stable and long term gains from KSM, put it in staking and relax lol
Cheer 🥂
Your feedback or opinion is appreciated. Comment down :)
KSMIt came out of its oscillating channel
Broken dynamic resistance
Ichimoku cloud conditions will soon improve and a green cloud will form
From the previous analysis, it has reached 30% profit
By passing through its static resistance, it will reach the specified Target
In the case of Pulbek, the purchase range of the channel roof is broken
KSM 1D We see increased interest, where is it worth buying?The Kusama project was created to test other projects before launching on the Polkadot blockchain
A good period in the crypto market allowed the price of KSMUSDT to grow from $25 to $625 in just six months.
In the May fall, the price of KSMUSD fell by -75% from the maximum, which hurts.
But a positive fact is that the KSM token was bought up at large volumes, and now trading is taking place at increased volumes - this is a sign of interest.
Now watch out for critical levels:
It will be possible to think about updating the maximum if the price of KSMUSDT can gain a foothold above $470
At the bottom, the levels are important: $300 and $195 , it is from them that you can try to gain long-term long positions.
If buyers' interest disappears, and the price of KSM drops below $195 , then the fall in the value of KSMUSD may continue to the zone of $80-120 , where in January there was a trade before the growth
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