Moving upwards after a downtrend momentum Hi Kusama traders.
It seems like we have find support on the 460 area after hitting the ATH on monday. That's a dip ( slash correction) of 15%.
The previous support level has now become a resistance level. We will see an upward movement after breaking the resistance level @ $520.
Look for an entry @ 460-470. Stop Loss @ 440
KSMUSDT
KSM.USDT (P21.P2.E2).Uptrend.stalkingHi Traders,
Sorry to get this out late but might as well put it out there as its got a trend that keeps on giving.
I just jumped in with this last candle in the making, just lucky, right place right time.
How to trade this?
Keep an eye on this.
Stalk it on the 4 HRLY and look for the next pullback\cradle setup.
All the best,
S.SAri
KSM: utility and governance goldKUSAMA
KSM, the official test net of Polkadot is one of the most fundamentally strong projects in crypto. (research why yourself)
With the launch of their parachains and full testnet we basically see a roll out of Polkadot v1.0 with numerous clients and partners.
Although it is a testnet; it does offer the full Polkadot feature set and is the first one to launch innovations...
LONG TERM
The governance / utility token KSM is an amazing scarce asset with great token economics (most of them released) and is still undervalued in marketcap.
By the end of the year I expect Kusama to be between a 15 and 20bn marketcap, but even more is possible depending on adoption.
Long term KSM tokens will be like governance gold and I expect Polkadot and Kusama to play a major role in Web 3.0, Defi and intra-chain connectivity.
I definitely see KSM and DOT both respectively push projects like ADA, THETA , DOGE, BCH, LUNA and LTC from the top spots.
TOKEN ECONOMICS
Market Cap: $4,155,693,549
24 Hour Trading Vol: $548,112,535
24h Low / 24h High: $413.74 / $501.87
Circulating Supply: 8,980,098 / 10,000,000
Fully Diluted Valuation: $4,627,670,561
Max Supply: 10,000,000
MID / SHORT TERM
In the mid / short term we can see more growth for KSM and I see Kusama outperfom BTC, ETH and other major alts for the next 4 to 6 weeks - with a price target of 600$ (+30%) in that same time.
KUSAMA - Chart says 'Good to Buy again!'Hi everyone,
Last month we had presented Kusama as one of our picks and we did well.
Price has now corrected and technically looks like a good new entry price.
Fundamentally you can read about Kusama here , it is Polkadot's Canary Network and given that Polkadot has a limited number of projects/tokens that it can take under it's roof, Kusama will be taking the rest. Tokens will need to bid to get one of Polkadot's spots- that's a clever idea inspired by the Theory of games and the Kusama game is a game I would like to play again today!
One Love,
the FXPROFESSOR
KSM/USD - Over $450! Can we still go higher?If you check my old KSM chart when we were under $100 I predicted $450 as a key target... now we are here. Impressive run from KSM.
As you can see we also find ourselves in a massive ascending channel (in blue) and if that is to be taken for granted, there is still room to go up until we hit its top resistance at around $800.
For that to happen we need to break this local resistance we find ourselves under right now. If we fail and fall below the yellow parabola, then KSM may take a break and consolidate like it did in late Feb/early March before a renewed push.
KSM is a strong coin and performer. Well played if you entered early.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
Kusama first. Then move to polkadot. Research Parachain AuctionsYou will probably know it's time to move from Kusama to Polkadot when Kusama hits the top 10 in crypto market cap.
Or dynamically move into polkadot before the polkadot parachain auctions start.
I wanted to go much much deeper than just price here but let me know if a deep dive into KSM value is desired. Thanks
1000$ Kusama| Kusama Bullish Price prediction Kusama broke the rising wedge upside which is super bullish. It can easy go to $1000. Its market cap is just 3.5 billion dollars and to go to $1000 it just needs to be doubled which is not difficult in crypto, especially for a coin which has super strong fundamentals.
KUSAMA FLYING OFF KUSAMA
I am really really bullish on this project.
To me this will outperform most of the other projects during this bullrun.
Growth is natural and demand will only increase with the Parachain slot auction.
Teams can create a #crowdloan campaign for a parachain slot to attract external $KSM holders to lock up $KSM for the project’s auction bid. Rewards for the supporters of the bidding project may be the project token, or may be other incentives besides tokens.
The Dot ecosystem is planning to lease up to 100 parachains.
Watch Kusama fly and DOT follow up next.
Is it still late to get in, not yet, but this may be our last chance for someone looking for a safe 2x. - I’ve set some buy orders at 400$ - 390$ and 380 $. Hopefully we could get down there and wish some early investor take some EARLY profits (which shouldn’t happen now imo)
I am personally holding this one until scarcity is reflected on price. Which would be around TP3 = 930$ (APPROX)
The canary is flying up to the moon.
Cheers
KSM setting up for another PumpKSM setting up for a second impulse in the form of a broadening upward channel.
Very common to see this patterns in crypto as volatility kicks in when in pumping mode.
Take a look at the double bottom that marked the end of it's correction from the first swing (curves in blue).
Notice the last three candles how they are formed in a trending upward pattern (circles in pink), along with trending volume resulting in the Accumulation Distribution above it's EMA13.
These Three Candles you can call them Three White Soldiers if you like.
The correction was a classic 50% correction, indicating a healthy correction in the upward movement, it did not fall below 62%, which for us personally is a good sign for the bullish side.
Honestly, all analysis on crypto are based from the broader view that the crypto market is in bullish mode, and is not convenient to be shorting for the moment.
Yes it can fall, but for the moment the strategies are oriented towards a bull environment.
Just an OPINION. If it's useful please LIKE and FOLLOW. Cheers and best of best :)
Kusama (KSM) Is About to Explode!Hello, guys!
Let's talk about Kusama. Now it has a nice growth opportunity against BTC and USDT.
KSMUSDT ANALYSIS
We can see the huge bullish megafon pattern and now the price is about to bounce off it to the upside. The CPR level ($206) acted as an extremely strong support because the price bounced off it multiple times. Also let's notice the bullish hidden divergence with the price oscillator, as you already know it is an uptrend continuation pattern. According to this TA the price target now R1 pivot ($310). This analysis will be invalidated if the price go below the CPR level.
KSMBTC ANALYSIS
If we suppose the bull run continuation for the Bitcoin it is important to know if the KSM is going to over or underperform it.
Let's take a look at the chart below. The price KSMBTC is almost formed the descending triangle pattern with an extremely strong support at current price. During the global uptrend this pattern has a great probability to be broken to the upside. Also the price have the bullish regular divergence with the MFI, thus it is high probability of the local downtrend reverse to the uptrend.
The potential price target for KSMBTC is R1 pivot level, the analysis will be invalidated in case of triangle's breakout to the downside.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
KSMUSDT (KUSAMA) - BIG MOVE ANALYSIS 🔎
- KSMUSDT is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R1, R2, R3).
- Downtrend ⬇️: Horizontal support levels (S1, S2).
Kusama (KSMUSDT/KSMBTC) Potential Long Entry 2021/03/05Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $190 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
$KSM/USDT 2h (Binance Futures) Desending wedge breaking outKusama is looking bullish again after that break-out, let's enter here!
Current Price= 224.844
Buy Entry= 225.523 - 220.523
Take Profit= 241.768 | 273.560 | 299.970
Stop Loss= 207.968
Risk/Reward= 1:1.25 | 1:3.36 | 1:5.11
Expected Profit= +25.20% | +67.98% | +103.50%
Possible Loss= -20.25%
Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 3x
Estimated Gain-time= 10 days
🆓Kusama/USDT Analysis (28/2) #KSM $KSMThe selling pressure is dominated and very strong, so it may make KSM lose the 200$ support zone, and that would be a bearish sign
If KSM can stop the decline at this 200$ zone, we could see a recovery to 240$ zone, this would be the strongest resistance in this situation
📅NEWS
👉Mar 31 : Kusama Deployment
📈BUY
-Buy: 135-145$. SL if B
-Buy: 95-105$. SL if B
📉SELL
-Sell: 195-205$ if B. SL if A
♻️BACK-UP
-Buy: 195-205$ if A. SL if B
-Sell: 235-245$. SL if A
-Sell: 280-290$. SL if A
-Sell: 340-350$. SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"