KSM looking bullishWhen observing the Weekly and Daily we see that the RSI has reached oversold regions and is diverging showing possible strength coming in soon.
I am waiting for one more low to form around $37 to complete my wave count before a long position.
Everyone still bearish but the charts are showing a strong market for the rest of the year.
Trade safe
God Bless
KSMUSDT trade ideas
KSM 1D - Possible upward movementLooking at the daily, you can see the formation of an accumulation triangle with a higher probability of a rise, which can raise KSM to values, at first, around $48.62.
Which would be awesome and there's also a magnetic force from the ichimoku cloud which makes KSM make an upward move.
From the top (05/17/2021) to today, it corrected about 93.46% which gives us the clarity of the upward movement, as Kusama is of very high octane and deep principles. If it breaks $44.86 the bullish move is imminent. Let's not forget about the latent oversold shown on the RSI. Anyway all technical indicators show an upward movement. Follow support and resistance in 1H time frame
S: 39.57 / 39.08
A: 43.23 / 40.58 / 41.59 / 42.40
KSM - AnalysisLast week, KSM registered a range trend between two support and resistance ranges. The resistance is in the range of $43.8 to $44.8, and the support which is in the range of $37.8 to $40.3, has so far prevented the currency from continuing to move in both directions. A downtrend line is also considered as resistance on the chart and reinforces the static resistance range so buyers need to break through the dynamic resistance to reverse the price. In this case, the first target that can be considered for this currency is in the range of $57, which resistance can make the price enter a corrective wave in smaller time frames. In the four-hour time frame, an uptrend line can be used as support. If this support range is broken, the price can again move towards the main support.
KSMUSDT 1DOn the 1D chart, it has formed a downtrend line, which it is currently trying to overcome, its RSI shows a cooling off from buyers, making such a breakout difficult.
In the Keltner Channel indicator, KSM is positioned at the channel's median, if it looks for the upper line that coincides with the Ichimoku cloud, we can witness the breakout of the downtrend line.
KSMUSDT Analysis (H&S)Hello friends.
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Everything on the chart.
Entry: market and higher
Target zone: 34-28
after first target reached move ur stop to breakeven
Stop: ~60 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to
risk is justified
Good luck everyone!
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It's not financial advice.
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Open to any questions and suggestions.
KSM. $66 in June '23 or $19 in Dec '22?The situation is ambiguous. It is likely that the bottom of the market is forming at the moment. Those who are waiting for a fall may not see it. On the other hand, it seems that there has not yet been a complete capitulation... But! Ask yourself, is it possible to draw a parallel with 2019 and earlier? It's definitely hard to say. At the moment, ecosystems are completely different... They are more solid, with a huge number of devs, investments and the desire to create necessary, useful products. And of course, do not forget about the stats from 2018: 90% of the total supply of bitcoin is held by 1%
Have a good day!
KSMUSDT LONGDear Traders!!
We can see KMSUSDT is currently in its accumulation area, we do expect a breakout out of this zone, and I am bullish towards reaching those EQ highs in the high 40's range. It rejected beautifully from an old key support level. Please use proper risk management while trading, TA isn't always right, external factors could easily break TA rules.
KSM USDTKSM continues its downward movement. The price is currently testing the $43.00 support level.
Closing below $43.00 will trigger further continuation of the decline.
On the 4-hour chart, this LTB (bearish trend line) appears to be cooling down. The RSI indicator is overbought at 70.44 and looks set to turn down.
The pattern and the comprehensive indicators are bearish, in the short term we need a relevant buying force to be able to reverse this trend.