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Kusama

#KSMUSDT on The Edge of Breakout From Falling Wedge | Watch OutYello, Paradisers! Could #Kusama be on the brink of a major breakout? Let's take a look at the latest analysis of the #KSMUSDT: 💎#KSM is currently hinting at a bullish continuation from a critical support zone at $16.38. We’ve been watching #Kusama closely as it follows a falling wedge pattern, and now it's gearing up to break above the descending resistance line. Internal resistance at $26.55 is the next target for $KSM. 💎If #KSMUSDT holds strong at this level, we could be on the verge of a significant bullish rally, echoing previous trends. A breakout above the key resistance at $26.55 might set the stage for a run toward the next resistance zones and beyond. 💎However, caution is essential. If the momentum falters at this critical support, we might witness a rebound from the lower support area around $13.55–$14.76. 💎Stay sharp and keep a close eye on #KSM price action. A daily close below the demand area could invalidate the bullish scenario and open the door to further declines. Stay focused, patient, and disciplined Paradisers. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
6
KSM: Support BreakoutTrade setup : Price remains in a downtrend. Following a Bearish breakout from a Sideways Channel, it's also broken below $22 support level, making another Lower Low (also a sign of downtrend). It could revisit $16.70 next. Pattern : Support Breakout . Once a price breaks below a support zone, it signals that supply from sellers has overwhelmed demand from buyers at this level and price is likely to decline further. Following a support breakout, the next closest support zone becomes a price target. Learn to trade key levels breakouts in Lesson 7. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum is Bearish (MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $16.70. Nearest Resistance Zone is $27.00, then $33.00.
Long
by altFINS
KSM: Approaching ResistanceTrade setup : Price remains in a downtrend. Following a bullish breakout from a Channel Down pattern, price reached $33 resistance for a +10% gain. If it breaks above that $33 level, it could revisit $38-40 next, for +20% potential upside. Overall, price remains in a downtrend until it breaks back above that 200-day MA (~$38). Pattern : Price is Approaching Resistance, which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Neutral, Medium-term trend is Neutral and Long-term trend is Strong Down. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $27.00, then $22.00. Nearest Resistance Zone is $33.00, then $40.00.
Long
by altFINS
KSM/USDT Keep an eye on the demand! Price rejected on the supply💎 KSM has recently demonstrated significant market dynamics, experiencing a rejection at the supply area. There's potential for the price to undergo a downward retracement and retest the demand zone around the 37.7 area to establish new momentum. 💎 Alternatively, if KSM manages to break out above the supply area without a retest, it probability could signal a move towards our target area. 💎 However, KSM must bounce from the demand zone and resume its upward trajectory in an attempt to break above the resistance level. Failure to do so could result in a breakdown below the demand zone, leading to further downward movement towards the support area. 💎 The support area holds significant importance as it represents the last line of defense for bullish momentum. If this area fails to hold and KSM breaks below it, it could signal a continuation of the downward trend.
by MyCryptoParadise
KSM/USDT upward momentum from demand zone? 👀KSM Analysis 💎 Paradisers, focus on #KSMUSDT, as it's currently exhibiting indications of a significant movement from an essential demand level. 💎 #Kusama is on a rising trajectory, suggesting a possible bullish break from its present demand zone. The expectation is for a retest of the demand level at $40.56 before it continues its upward journey. If #KSM successfully sustains above this level, it could pave the way for a climb towards the major supply zone at $63.04. 💎 However, if #KSM faces challenges in maintaining its stance above the $40.56 mark, we might need to rethink our trading strategy. Under such circumstances, our attention would shift to potentially starting a bullish movement from a lower bullish Order Block (OB) level at $33.52. 💎 It's crucial to keep a close watch on this level, as a breach below it could lead to a significant downward trend.
Long
by MyCryptoParadise_Simon
1
KSM/USDT Potential for Bullish Movement? 👀🚀 KSM Analysis💎 Paradisers, direct your attention to KSMUSDT, as it is currently demonstrating noteworthy market activity. After being repelled from the supply zone, KSM is setting up for a potential bullish move from the demand zone. 💎 Analyzing Kusama's market progress, it has skillfully moved through a descending trendline, breaking above it to signal the start of an upward trend. At this critical point, KSM could potentially maintain its bullish path from the demand zone around $26.67, assuming it keeps up its current momentum. 💎Conversely, should KSM face challenges in holding this momentum, we could anticipate a bullish drive emerging from a lower support zone at $21.9. 💎 Traders should also be cautious of the scenario where KSM dips below the $21.9 support level, as this could suggest a change to a bearish trend. 💎 Stay vigilant and well-prepared, Paradisers. Your ParadiseTeam is dedicated to steering you through these market shifts, equipping you with the necessary knowledge for making strategic trading decisions.
Long
by MyCryptoParadise_Simon
1
KSM/USDT Perfectly Bouncing on the support area, Ready to up ?💎 KSM has been making waves in the market with a notable bounce off its support level, marked by a strong green candle. Should this bounce prove to be a valid indicator of momentum, the next key level for KSM is the supply area. Successfully breaking through this supply area, probability could smooth KSM's path toward our designated target area. 💎 However, if KSM struggles to break through the supply zone, there's a chance it might revert to retesting at the support level to gather new momentum for another upward attempt. 💎 The support area is a critical juncture for KSM. At this point, it's imperative for KSM to either achieve a strong bounce or risk breaking down below the support level. Should KSM fail to rebound and instead break down, it could potentially continue on a downward trend, moving further down and potentially reaching the demand area.
by MyCryptoParadise
$KSM Reached to the 1st Target & Ready To Go To The 2ndHi guys, As I wrote on November 18, after forming a bull flag, NYSE:KSM finally started its uptrend and reached our first target at $32. Kusama must be able to break the 100WMA to reach the second target at the $50 level. In this case, the $50 target will be easily available. Also before reaching to the $50 target, there is a small resistance at the $40 level, and I expect NYSE:KSM to be involved in those areas for some time. If it crosses $40, our second target will be easily available at $50. Despite the very good status and high potential that NYSE:KSM and CRYPTOCAP:DOT coins have, we do not forget that everything in the crypto market for altcoins will depend on the decisions of $BTC. So save your profit & don't be greedy. Please "Like" & "Follow" if you want to see more of these ideas. Goodluck
by BJWiseReal
KSM/USDT Poised for an Explosive Journey? 👀🚀KSM Analysis💎 Paradisers, get set for a captivating trading opportunity with KSMUSDT. Presently, the asset is showing significant activity in the demand zone, suggesting a potential shift towards an upward trend. 💎 Kusama has been meticulously following a trading channel pattern. Its recent breakout above this channel sets the stage for a climb towards a resistance level, followed by a quick pullback, in keeping with its established pattern. 💎 There's a considerable chance for a bullish trend to initiate from the support level at around $24.3. With KSM having effectively broken out of the trading channel upward, it's targeting resistance levels near $31. 💎 Strategic timing is essential for the discerning Paradisers. It's crucial to pinpoint the most favorable entry points during this upward phase, and it's wise to avoid making purchases at the peak of this trend. 💎 Caution is advised, as there's also a risk of KSM falling below the support level of $24.3. A drop below this vital level may raise concerns about the sustainability of the upward trend.
Long
by MyCryptoParadise_Simon
Kusama (KSM): Bulls Gearing To Take Over KSM (Kusama): - 24h price change: +2.79% - 7D price change: +12.45% - Today volume: $2,150,522.26 - Short-term support level: 24.5 - Short-term resistance level: 26.07 - Resonating indicators: MACD, BOLL, RSI When the MACD, Bollinger Bands (BOLL), and RSI indicators are bullish, there is a higher probability of a bullish trend in the next hour. The more indicators that align with a bullish pattern, the higher the accuracy rate. KSM prices are stuck in a sideways movement broadly inside a $130 zone with support at $150. The consolidation will turn to accumulation if bulls take over, propelling KSM/USDT above $280 towards H1 2021 highs. At present, KSM is stable, pinned down by low trading volumes.
COINBASE:KSMUSDLong
by DEXWireNews
1
🚀Kusama : Is a Breakout on the Horizon?🚀Kusama (KSM), often referred to as the experimental cousin of Polkadot, is currently catching the attention of traders and investors. While the cryptocurrency market is no stranger to price volatility, Kusama's recent price action has sparked excitement and anticipation for a potential breakout. Shakeout Strategy: The Art of Market Manipulation In the world of trading, market manipulation often plays a significant role. One strategy employed by market participants is a shakeout, where prices are manipulated to briefly dip below a key level before rebounding. For Kusama, this key level stands at $16, the lowest point in recent trading. Pattern Recognition: Breaking Out of a Descending Wedge Another positive development for Kusama is the formation of a descending wedge pattern. This pattern, characterized by narrowing price ranges, often leads to a breakout. In Kusama's case, the potential for an upside breakout is generating excitement among traders. What to Expect: A Potential Bullish Surge Based on these patterns and strategies, many traders are watching Kusama closely. A successful rebound from the shakeout point, combined with the descending wedge pattern, may serve as a springboard for a bullish surge. Trading Strategy: Preparing for Opportunities For traders, Kusama's current situation offers the chance to prepare for possible trading opportunities. Whether you're a seasoned trader or new to the game, risk management is crucial in such scenarios. Conclusion: The Potential for a Kusama Surge While Kusama's recent market activity has included a shakeout strategy, there is reason for optimism. The descending wedge pattern suggests the potential for a bullish breakout, and for traders, this translates into the chance for profitable trades. 🚀 Crypto Insights | 💡 Trading Strategies | 💰 Market Analysis ❗See related ideas below❗ Please share your thoughts and insights on Kusama's price action. 💚🚀💚
Long
by Yaroslav_Krasko