Diamond Top forming on KSM Weekly/Daily. I am seeing a potential Diamond Top forming on both weekly and daily charts for KSM, as well as overall exhaustion in the price action in comparison to BTC and ETH.
I plan to scale in slowly into a short position while being mindful of taking some off the table and re-adding as there may be some more upside with the current BTC volatility.
KSMUSDT
KSM: Hidden Bullish Divergence Daily TFKSM's price is printing a high low on Daily TF while the RSI is showing a lower low. We can now expect a new peak to be formed (yellow box)
The most ideal place where a hidden bullish divergence can occur is at the end of a downtrend which is exactly what has happened since the June 9th downtrend!
As long as BTC holds steady expect this to play out to the upside
KSM: Extremely Strong Buy Zone As long as BTC doesn't dump hard here KSM is in an excellent position if you haven't bought in yet or if you want to add to your positions... this is imho one of the more wildly undervalued projects in the entire crypto space along with PolkaDot (DOT).
KSM and DOT are essentially the same except KSM is 4x faster (and has 1/10th of the supply) in its relay chain speed but both will scale to 100k TPS with parachains (launching literally now) and eventually up to Gavin Wood's theoretical limit of 1M TPS all without layering solutions.
KSM is the EXTRA entrepreneurial version of DOT.
Strong Buy Zone
Buying b/w here $390 and $375 is a VERY safe long if you're going to swing trade this but even better if you're going to HODL for the long-term. The orange lines drawn are two zones that KSM previously visited in a consolidation period that lasted 1-2 days before rocketing higher. Expect a very similar move as the market mispricing in the fundamentals of KSM and DOT combined - there are some large players accumulating KSM and DOT as can be seen on the daily volume and 4H charts since the selloff in May began.
I'd pepper your buy orders with limits b/w these 2 zones and even buy some spot here as it may not reach my lower targets over next 1-2 days. Remember anything can happen - DYOR!
KSM Forecast Update Idea!Hello my friends
Welcome to this analysis about KSM / TetherUS forecast update,
We are looking at the 4-Hr time frame perspectives. I assume the upward channel as you may see and the programs KSM is scheduling during near future. let's cross fingers ......
KSM Parachain Auction Schedule per below:
2021/06/15, 12:00 GMT: First Kusama Parachain Slot auction commences. Bids may be placed.
2021/06/17, 09:00 GMT: First Kusama Parachain Slot auction ending period begins. Only bids made prior to this point will certainly be considered in the final result. Bids made following this point have a linearly reducing chance of being considered.
2021/06/22, 09:00 GMT: First Kusama Parachain Slot auction bidding ends. No bids may be made on this auction following this point.
2021/06/22, 11:00 GMT: First Kusama Parachain Slot auction winner selected. The auction winner is determined as the highest bidder at some randomly selected point over the past five days.
2021/06/22, 12:00 GMT: Second Kusama Parachain Slot auction commences.
2021/06/29, 12:00 GMT: Third Kusama Parachain Slot auction commences.
2021/07/06, 12:00 GMT: Fourth Kusama Parachain Slot auction commences.
2021/07/13, 12:00 GMT: Fifth Kusama Parachain Slot auction commences.
Technicals
1) There's Hidden Bullish Divergence on the 4H chart of KSM - Price has made a higher low while the RSI oscillator is making a lower low.
2) Daily MACD has a bullish cross
3) Daily EMA ribbons are all bullishly crossed (not many cryptos have even a single daily EMA bullish cross)
-This is looking ripe for an ATH high to be made in the next few days - I've made an illustrative path the price could take to end of June - don't take it as verbatim. Anything can happen!
In this manner, thank you for your time to take a look at this!
KSM: End of Cycle Target $6400 Using Hash RibbonsThe last time KSM produced this buy signal it moved nearly 1000% from ~$60 to $630 over 167 days. KSM is about to produce another Hash Ribbons Blue Circle Buy signal in the coming days and if we were to take the same prior period move and overlay that over today's prices KSM could potentially touch $6,400 / token over the next 167 days if history were to repeat by early November 2021.
It's likely it won't equal the same percentage move but there is a strong chance we will see a major move in the multi-hundred percent ROI bucket. Even at 6,300 KSM would only have a market cap of nearly $35 Billion. Considering it is the first parachain network to run on PolkaDot and many of the major ecosystems will run through Kusama first, it's not unreasonable to see some market cap in this range assuming the 2nd leg of the BTC bull market is underway and will have another top around the same period.
The bulls are back! Kusama to 735$ or more! (+80%!)Finally I'm turning bullish and I am accumulating promising projects again, mostly one project in particular: Kusama! Their parachain auctions are coming this week, which means bullishness for the long and short term!
Guys, this is a big opportunity (according to my opinion) because Bitcoin will be in bounce mode for the coming two weeks until the end of the month of June. (most likely) And thus, we can accumulate some specific alt coins which news or a bullish looking chart. My choice? Kusama.
I'm gonna keep it short as i's sunday and I wanna enjoy the weekend but I just wanna give you all this update. The KSM parachain auctions start THIS week! This means in short:
- more buying pressure for KSM from institutional investors and parachain bidders (not too much as most of them already bought loads of KSM ofcourse)
- Kusama will be THE news of the week everywhere
- KSM price will bounce up towards likely $500 mark and with the bullish news, retail will jump on it which can lead us to our breakout target of 735$ and if there is hype even close to 1000$!
- Parachains will kick off soon, which means KSM will be locked AND more and more will be in use (and thus needed) for to run the blockchain
- KSM is the strongest performing alt coin after the BTC crash, it did dump but not as much as others + always stayed above the daily EMA ribbon.
- Confirmed breakout out of bullish triangle + support from the golden pocket (it doesn't get any better)
Remember, Kusama is NOT well known amongst the general crowd but this week is a giant leap forward for them in their "early phase" of their lifespan. With news will come the explanations on why / how and what is Kusama is and how it is exactly the same as Polkadot mainnet, just always one step ahead in terms of innovation. With a market cap of just over 3 billion, Kusama is THE MOST UNDERVALUED crypto project in the entire industry. Seriously, I cant understand retail dropping money in DOGE and SHIBA while you have the Apple of crypto just smiling at you with a 3 bn valuation, lol. Anyways, I have said this many times about KSM and it has been one of my best performing coins as well as my favorite, I sold around the top and now I just bagged up again. Why? Because of just the news? No. I have been waiting for confirmation in the chart. We now have a bullish classic; a triangle breakout confirmed with a retest; turning previous resistance into support. The bulls have never left Kusama!
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
KSMUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4 hour time frame. The price has dropped from its main channel to the bottom. But in the lower channel that we drew, the price has been able to break its channel upwards with a strong candlestick. But we can see the weakness in the next candle. If the bottom line of the channel breaks upwards and stabilizes, we can enter the trade
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
KSM: PT $675 by Mid-June / $900 by Late June KSM is on schedule to release some of the most advanced technology on the market and the large institutional money is flowing into both DOT and KSM.
KSM is only $3.4B market cap and has a lot of room to run to be properly priced - right now the market is not really aware of the potential of KSM but there will be several large auctions launching over the next 2 weeks on KSM that will raise lots of attention to the network's value.
KSM Parachain Auction Schedule per below:
2021/06/15, 12:00 GMT: First Kusama Parachain Slot auction commences. Bids may be placed.
2021/06/17, 09:00 GMT: First Kusama Parachain Slot auction ending period begins. Only bids made prior to this point will certainly be considered in the final result. Bids made following this point have a linearly reducing chance of being considered.
2021/06/22, 09:00 GMT: First Kusama Parachain Slot auction bidding ends. No bids may be made on this auction following this point.
2021/06/22, 11:00 GMT: First Kusama Parachain Slot auction winner selected. The auction winner is determined as the highest bidder at some randomly selected point over the past five days.
2021/06/22, 12:00 GMT: Second Kusama Parachain Slot auction commences.
2021/06/29, 12:00 GMT: Third Kusama Parachain Slot auction commences.
2021/07/06, 12:00 GMT: Fourth Kusama Parachain Slot auction commences.
2021/07/13, 12:00 GMT: Fifth Kusama Parachain Slot auction commences.
medium.com
Technicals
1) There's Hidden Bullish Divergence on the 4H chart of KSM - Price has made a higher low while the RSI oscillator is making a lower low.
2) Daily MACD has a bullish cross
3) Daily EMA ribbons are all bullishly crossed (not many cryptos have even a single daily EMA bullish cross)
-This is looking ripe for an ATH high to be made in the next few days - I've made an illustrative path the price could take to end of June - don't take it as verbatim. Anything can happen!
I'm also equally bullish on DOT (see chart below)
KSMUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a time frame of 4 hours. The price became a good pump as we expected and we put the signal in the channel. And it touched the targets. The price can re-enter the bullish channel after a pullback to the level of the dashed line, and in case of losing the price, we have specified the support for you.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
Going long with Kusama KSMThe title of the article said "Kusama Parachain Auctions", and that was enough for me to jump onboard. I hereby quote from the article:
"The first real-world functional parachain Statemine, began processing permissionless transactions after an on-chain upgrade last week. After some smooth running over the weekend, the time is coming to move to the next stage: slot auctions."
polkadot.network
Technically we have a cup and a handle, and a chance to go parabolically towards new ATH that I have set using FIB R with 50% gains.
Blue line is my entry, green line is my target.
KSM Forecast Idea!Hello my friends
Welcome to this analysis about KSM / TetherUS ,
We are looking at the 4-Hr time frame perspectives. KSM almost Breakout the triangle and can go up to 1.68 FIB . It has the potential. BINANCE:KSMUSDT
In this manner, thank you for your time to take a look at this!
“ Forecasts create the mirage that the future is knowable.”
Information provided is only educational and should not be used to take action in the market. It's all my personal Idea and just wanted to share with you friends!
KSM - $900KSM is currently trading above the support zone of $375 and below the resistance zone at $475. If KSM can break this support, we could start seeing a move towards $522, $650 and $933. Failure to hold the support at $375 could lead to a drop towards $349 and $271. A good idea would be to place long orders at the support of $375 or after KSM breaks the resistance of $475 with a stop loss a little below the support zone of $375.