KSMUSDT
KSM in the flag pattern.Parachains are up and running and Dot is on the verge of Price-discovery; Kusama is Bullish than ever!
It's currently unlikely to break the resistance
Now is the time to buy and hold. But when it was in the support zone.
personally have already bought it and as long as it's on this Sideway channel, I'll buy more KSM within the support range and sell some of them in the resistance Until it breaks resistance upwards.
Please Note: Nothing is certain and the final decision is Bitcoin! So always put SL or take some profit.
KSM/USDT : Cup and Handle formed, $660 is programmed !BINANCE:KSMUSDT
Hello everyone 😃
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#KSM has formed a Cup and Handle here, Also there is a breakout on the higher resistance zone.
- We had failed breakout earlier but this time might have more proven bullish momentum because of Cup & Handle.
📑 Target of the pattern will be 227 unit growth and it'll give us the minimum target of $660 ( 52% growth ).
- Also FIB extension's target on 0.50's level is located near above to $660 !
But what is Cup & Handle and how it works ?
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
The pattern's formation may be as short as seven weeks or as long as 65 weeks.
It is worth considering the following when detecting cup and handle patterns:
- Length: Generally, cups with longer and more "U" shaped bottoms provide a stronger signal. Avoid cups with a sharp "V" bottoms.
- Depth: Ideally, the cup should not be overly deep. Avoid handles that are overly deep also, as handles should form in the top half of the cup pattern.
- Volume: Volume should decrease as prices decline and remain lower than average in the base of the bowl; it should then increase when the stock begins to make its move higher, back up to test the previous high.
🔴 On this such charts, You can set your SL below the broken resistance zone as 2-3 candles close to avoid the LOW R:R and possible Stop-Hunts !
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Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
KSMUSDT Technical Analysis⏳ Spot
💎 KSMUSDT has broken above a significant resistance. It has formed an ascending channel and has been making HHs and HLs in the channel. It must eventually go to the top of the channel
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 389.0 - 409.8
☕️ TP1 457.3
🍺 TP2 490.7
🍻 TP3 528.2
🍾 TP4 569.9
🍷 TP5 601.3
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 346.7
Good Luck 🎲
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KSMUSDT +700According to the DOT and Parachain network update, I think KSM can grow well, but I have 2 entry points to buy:
after breaking 450 and fixing Or in a drop in price to the important support of 300
Target 600 - 800 - 1000 - 1300
tip: I am the buyer of this currency only as long as it is in the uptrend channel
💡Don't miss the great buy opportunity in KSMUSD @kusamanetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (385.1).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. KSMUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 406.6
TP2= @ 417.1
TP3= @ 425.2
TP4= @ 443.0
TP5= @ 455.6
SL= Break below S2
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KSM Ranging - Little further downward to go.Long at 245 - 270 range...
Matches with .382 Fib
Green EMA Line would line up
Would like to see some RSI and price divergence to give me another sign of confidence.
Would enter long through out 245-270 with my eyes on the .702 and .786 to begin to take some profits.... at the very least take out the cost I put into it.
While BTC has been going up a few names like KSM and COMP have been going down, giving me the feeling that it will be one of the first ones to rebound and go up after BTC has a downward correction and sits sideways..
KSMUSDT Technical Analysis
⏳ Spot
💎 KSMUSDT has formed a symmetrical triangle . The price is getting rejections at the minor support, so it is very likely that the price goes up to the major resistance which is the upper band of the triangle. if it breaks above it it will go to TP2
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 340.0
☕️ TP1 410.0
🍺 TP2 515.0
🍻 TP3 _____
🍾 TP4 _____
🍷 TP5 _____
🍸 TP6 _____
🍹 TP7 _____
🎁 TP8 _____
🚫 SL 293.0
Good Luck 🎲
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
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We will have more FREE forecasts in TradingView soon
Have a Profitable Day