KSMUSDT
KSMUSDT - Kusama --> Emtry for 20%+ ProfitsFirstly we need to look at the fundamentals behind this trade:
DOT (Polkadot, #8 ranked crypto) is gearing up on KRAKEN exchange to go live with slot auctions for parachain. Kusama is one of the top projects people believe will be getting a parachain slot. Kusama acts as a testnet for new projects on DOT, an essential piece of the ecosystem puzzle.
Basically what we have here is buy the hype, sell the news. DOT have been talking about parachain auctions for a while, the fact KRAKEN exchange twitter is finally starting to pump out some marketing about it... I think we are close.
Now that BTC has pumped, if we don't dump like the dickens, then we have fantastic conditions for a KSM (and also DOT) bullrun.
My trade is measured for short term profits, imho if you get in and up 10% in this trade... HODL! Just hold on, I think the play needs to be = let it ride.
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KSM TRADE
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BUY: 400 to 405
TARGET: 500
STOP: 5% however you need to see how it retests trend line, if it does.
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Fundamentals
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Rank #45
Market Cap = $3,467,196,719
Polkadot Ecosystem
Supply: 9,651,217
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KSM: stairway to heaven (or 600$)Kusama has been in a heavy correction after a strong run, currently KSM is heavily undervalued at a marketcap of 3bn! At its high that was about 5bn but even that is just nothing compared to the likes of DOGE with 34bn... Sure not to be compared but in the long run real technology that is developed with and on Kusama will be used on a wide scale through Polkadot.
I project KSM to be a top 20 project by the end of the current bull run and staying there... Currently that means a market cap of at least 7,5bn but we are in a dip so by the end of the bull run that would mean at least double; 14bn. For KSM that would mean a 4x to 5x increase in price in 2021. Likely so; as projects like KSM, DOT, LINK, ETH and BTC will be the most popular amongst institutional investors thinking in the long run; not a short pump.
Right now, KSM is on the verge of a breakout; when we clear the resistance cluster and find support in the orange zone we climb the stairway to heaven; to a new ATH of 600$ and beyond...
DOT Polkadot Is Going To Be HUGE 🪐🌚We are currently in a bullish parallel channel where there's a high probability of price breaking up the channel for another massive move up!
The third touch of the channel has double confluences:
- 78.6% fibonacci level
- Channel Support
The next move is going to be a big one!
DOT Polkadot Is Going To Be HUGE 🪐🌚We are currently in a bullish parallel channel where there's a high probability of price breaking up the channel for another massive move up!
The third touch of the channel has double confluences:
- 78.6% fibonacci level
- Channel Support
The next move is going to be a big one!
KSM/USDT - potential 40% setupHello, traders!
KSM price went into consolidation after rapid growth.
Cumulative delta (cumulative difference between purchases and sales) shows buyer interest in the asset.
We could look for a position opening in the range of $448 - $476
Stop-loss can be placed under $408
Targets according to the Fibonacci extention levels:
$485
$543
$579
$637
Good luck and watch out for the market!
P.S. This analysis created for educational purposes only and shall not be considered as financial advice
KSMUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We have specified the purchase goal for you dear ones, and for those who want to make a risk, they can make a purchase at these prices for the specified targets.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!