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Kusama

Kusama (KSM) - July 3Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (KSMUSD 1W Chart) If it moves above the 225.6 point and moves along the uptrend line, I would expect it to turn into an uptrend. (1D chart) If the price is maintained in the 199.93884255-292.55684530 range, it is expected to turn into an uptrend. If it goes down, you should check to see if it finds support at the 153.62984396-199.93884255 zone. If it falls from the 134.63247414 point, it is likely to enter the mid- to long-term investment zone, so you need to trade cautiously. ------------------------------------- (KSMBTC 1W chart) To continue the uptrend, the price must rise above the 0.006193 point to hold the price. (1D chart) It must rise above the 0.006898 point to turn into an uptrend. In particular, it is important to maintain the price above the 0.006193 point. If it goes down, you should see support at the 0.004715 point. If it falls from the 0.004715 point, it is likely to enter the mid- to long-term investment zone, so you need to trade cautiously. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
K
by readCrypto
Kusama KSM Insane Explosive Move SoonHi dear friends, hope you are well and welcome to the new update on Kusama ( KSM ) coin. The broadening formation: On the weekly time frame chart, the price action of the KSM coin has formed a broadening formation and now the price action is likely to have a very nice bounce from the support of this broadening formation. Once the priceline of Kusama will start a big move from here then the next touch at the resistance is expected at $500. Ichimoku cloud: On the daily timeframe chart, the priceline of the KSM coin has broken down the Ichimoku cloud, and now the conversion line is crossing down the price action to lift it up. Once the price action will cross up the conversion line then the conversion line can cross up the baseline as well which will be a buying signal. We can also observe that there is a bullish cloud above the candlesticks and if the price action is having a bullish cloud above it then it is easy for it to break out this cloud. Because the bullish cloud works as a weak resistance but strong support. Harmonic bullish Shark pattern: On the 2-day time frame chart, KSM has formed a bullish harmonic Shark pattern. I have already shared this pattern a few days back when the priceline was in the buying zone of this bullish harmonic move. The buying and sell targets of this pattern are as below: Buy between: $196.26 to $115.97 Sell between: $276.80 to 446.89 Stop loss of this pattern was as blow: The maximum extent of the potential reversal zone of $115.97 can be used as stop loss. The possible profit and loss ratio of the bullish harmonic Shark was as below: As per the above targets, this trade has a big profit possibility up to 285% and a big loss possibility is 41%. Therefore try to buy it within the potential reversal zone as lower as possible. Conclusion: The price action of KSM coin has already bounced from the support of the broadening formation and at the same time, it is taking a bullish divergence from the potential reversal zone of a bullish harmonic Shark pattern. Therefore, we can expect that soon the priceline will also reach the resistance of the broadening formation at $500 level.
Long
by moon333
1
Kusama (KSM) Looking Strong Good UpsideI know the market sentiment has been "extremely bearish." And we are in a bear trend, I wouldn't consider this a bear market officially just yet. Now is the time to really start thinking which projects will perform when we inevitably overcome the cloudy summer season of FUD storms and on to sunnier days in cryptocurrency. Kusama is looking strong and will most likely be at the forefront of the next DeFi Mania wave along with Polkadot (DOT) of course as these projects are going to be key cryptocurrencies in the expansion of DeFi. The Kusuama parachain auctions have have started and will be live for the next couple of weeks. With this recent Bitcoin dip there was a massive sell off as many people are getting out of their Alt coin positions. We formed a nice and important bounce for Kusama starting to form a new level of support after this capitulation . Of course if Bitcoin experiences another massive plunge bringing it deeper in $20ks then we could see this support easily broken bringing down below the $100 range. Only 10 million coins already 89% through its circulating supply. Keep Kusama on your radar.
Long
by peacefuljustin
4
Kusama $KSM Possible Scenarios - 1DThere are 2 possible scenarios for Kusama ($KSM) that could play out: 1) KSM has formed a Head and Shoulders pattern on the daily timeframe. A confirmation of this would be a breakdown below the neckline level of ~$290. This would mean KSM would slump further. Note: The head and shoulders pattern on the OBV has already played out. 2) KSM could find support around the current level of ~$300. This, coupled with a reversal and a break of the OBV S/R level of ~3.25M could propel KSM to its former highs of ~$530 based on past patterns beginning in early March 2021. If this happens, price is expected to move according to the yellow squiggly line. This may give a possible return of 60%+. Please note that this is not financial advice but merely an idea. Twitter: @TraderLH
by LuqH
KSM 1D We see increased interest, where is it worth buying?The Kusama project was created to test other projects before launching on the Polkadot blockchain A good period in the crypto market allowed the price of KSMUSDT to grow from $25 to $625 in just six months. In the May fall, the price of KSMUSD fell by -75% from the maximum, which hurts. But a positive fact is that the KSM token was bought up at large volumes, and now trading is taking place at increased volumes - this is a sign of interest. Now watch out for critical levels: It will be possible to think about updating the maximum if the price of KSMUSDT can gain a foothold above $470 At the bottom, the levels are important: $300 and $195 , it is from them that you can try to gain long-term long positions. If buyers' interest disappears, and the price of KSM drops below $195 , then the fall in the value of KSMUSD may continue to the zone of $80-120 , where in January there was a trade before the growth _____________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
57
Kusama (KSM) potential bullish move to previous swing highsMy strategy for a potential bullish move by Kusama (KSM) back to previous swing highs (and beyond?) I'm personally looking for a swing failure at 'D' of the bullish butterfly harmonic for a potential reversal. Take some Profits between POC and 0.618, bring your stop loss into profits somewhere below the daily level. After a succesful retest of the daily level, my next target is going to be between the 1.618 and the previous swing highs, where I will take most of my profits (75%) - I put my stop loss into even higher profits and let the remaining 25% do what it has to do. KSMBTC and KSMETH looking bullish too as we are reaching important supportareas. Thanks for checking out my strat. I would really appreciate some feedback and constructive critisism. :) (of course no financial advice and do your own research)
Long
by marrrtin_
7
SOL Summer approaching!These are a few of my short-term price targets on $SOL, remember this coin is currently raising nearly half a billion dollars in order to compete with ethereum. With the release of Eth 2.0 being delayed further and further, this gives other ecosystems such as Solana and Polkadot a fighting chance to win market dominance. Hence the reason I'm constantly researching different ecosystems to invest in. What is Solana? Solana (SOL) is an open source project that implements a high-performance, permissionless blockchain. The Solana ecosystem introduces a number of new, efficient technologies that cooperate so as to enable the Solana blockchain to facilitate greater transaction speeds and a highly secure platform. Firstly, the platform uses the Delegated-Proof-of-Stake (DPoS) consensus mechanism. DPoS blockchains are much swifter than PoS blockchains; the Solana blockchain takes averagely around 2.34 seconds to produce a new block, which is multiple times faster than most of its peers.
Long
by Helios_Capital_Investment
The bulls are back! Kusama to 735$ 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.
Long
by cryptobullethbtcxlm
15
Kusama (KSM) - June 14Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (KSMUSD 1W Chart) If the price holds above the 225.6 point, it is expected that the uptrend will continue. (1D chart) We need to see if we can climb above the 446.04476388 point. If it goes down, you should check to see if it finds support at the 385.17484804-431.48384663 zone. If support is found at the 385.17484804-431.48384663 zone, I expect the uptrend to continue. If it falls in the 292.55684530-317.17777246 section, Stop Loss is required to preserve profit and loss. However, it may follow an uptrend line, so you need to trade cautiously. -------------------------------------- (KSMBTC 1W chart) We need to see if we can continue the uptrend along the uptrend line. If the price holds above the 0.006193-0.007310 range, we expect to maintain an upward trend. The 0.004715 point is an important point and it is important not to decline from this point. (1D chart) Having completed a double top, I think the downside is more likely. Accordingly, careful trading is required. If you fall from the 0.010649 point, you need a short stop loss. However, caution is advised as it may touch the 0.009502 point and move upwards along the uptrend line. If it falls in the range of 0.006898-0.007549, Stop Loss is required to preserve profit and loss. If it rises to the 0.014710-0.015361 section and finds support, it is expected to set a new direction. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
K
by readCrypto
Kusama ($KSM) channel breakout?$KSM was on fire after the announcement that parachain auctions were starting. A natural correction of the overhype has been in play for the last 12 hours, also dragged down by $BTC pulling back to 36k. $BTC is on the rise again but $KSM has broken out of its downward channel, coming back to test the top of it and not potentially breaking out to the upside. On the 15 minute chart there could be a good scalping opportunity here given $BTC has continued in the upward direction while $KSM came back to test the top of the channel.
Long
by myleztone
Let the Canary Fly! Bullish on KSM.I've never been more bullish on Kusama (KSM). For those of you not familiar with the Polkadot ecosystem, Kusama is Polkadot's wild cousin or its canary network. Basically, Kusama has nearly the same codebase as Polkadot, but the main purpose of KSM is to be the proving ground for projects before they can deploy on Polkadot, kind of like a test network. For full comparison, you can check out this article: polkadot.network Why I trade/invest in Kusama? (doesn't necessarily mean you should too, none of this is financial advice) Fundamental Analysis: -Parachain Auctions are coming. This will cause an increased demand once the auction starts and also a supply shock since the projects are required to lock those KSM up. (This is too long to fully explain so DYOR on this. There are videos on Youtube that provide simple explanations about parachain auctions.) -If you're bullish on Polkadot, you have to be bullish on KSM too. A robust DeFi ecosystem, that could be up to par with Ethereum's, has already started building on both. -Had higher ROI so far compared to it's cousin Polkadot. My guess is some people have only started to realize just how important KSM really is to the DOT ecosystem, rather than just a simple test network. -Has a lower circulating supply and inflation rate. KSM has 8,980,098 circulating tokens compared to DOT's 996,120,387; and has an annual inflation rate of ~10% compared to DOT's ~12%. Some sites like Coingecko say it has a max supply of 10M, but I couldn't find an official source for that though. Technical Analysis: By looking at this log chart, we can see that KSM has respected this ascending channel ever since. The upper trendline has acted as strong resistance and we've only seen a fakeout once before its recent all-time high, while the lower trendline has been acting as strong support and just recently got tested again as support during this correction. I expect for KSM to have another go at the upper trendline within the next couple of weeks. Additional bullish indicators: -We could clearly see a hidden bullish divergence which is a bullish continuation indicator. (green lines) -21W SMMA acted as support and we are currently trading above the 21W EMA. A close above 21W EMA this week will make it even more bullish. That's all I have for now, and as Kusama's taglines go: "No promises. Expect Chaos." Good luck on your trades!
BINANCE:KSMUSDLong
by realredsteel
4
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.
Long
by eBlockChain