KSMUSDT is testing the daily resistanceThe market created a round bottom exactly on our support around 158$.
As you can see on the upper chart, the price bounced several times in that area, which means that this support is very strong.
On 4h timeframe, we can see a round bottom and a breakout from the 4h resistance, and now the price is testing the 0.5 Fibonacci level on the 206$
How to approach?
The price needs to have another breakout from the descending channel and retest the daily resistance as new support. IF the price is going to satisfy our rules, we could see a retest of the weekly resistance around 255$
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
KSMUSDT trade ideas
KSM Big SupportKSM is testing the Neckline of a massive Double Top from a year ago, which makes it a very strong Support channel.
A few targets within the weak descending channel:
Target #1 = 165
Target #2 = 161
Target #3 = 158
Target #4 = 156
SUPPORT DAILY = 156 to 141
Once KSM reaches the Support Daily/Neckline, watch out for turbulence. I'll consider entering after it breaks down the Neckline. If this thesis holds, KSM will be in freefall.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
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HUOBI:KSMUSDT
BINANCE:KSMUSDT
FTX:KSMPERP
BYBIT:KSMUSDT
KSM, keep an eye on this trend line.A trend line can be identified on the KSM chart. At the moment it is resistance. In case of squeezing and breakout, there could be a good buying opportunity. I would also like to note that there is high volume on the bottom, which is a positive signal.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Kusama (KSM) formed big bullish Shark for upto 322% rallyHi dear friends, hope you are well and welcome to the new trade setup of Kusama ( KSM ) coin.
During the previous market crash, KSM formed a bullish Shark pattern, which I shared as below:
Now during the current drop, on the weekly time frame chart, KSM has formed a bullish harmonic Shark pattern for a big bullish reversal move.
KSMUSDT Wave Analysis (GLOBAL VISION)Hello friends.
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Everything on the chart.
The zone of confirmation or cancellation of this or that scenario, fixing or not fixing above the 250$ zone,
if we fix, then we will follow the yellow scenario,
if not, we can complicate our correction to a double zigzag (wxy) and then we will fall to the 100$ area, where we will need to buy.
Entry: market and lower
MAIN TARGET ZONE AT THE END OF BULL RUN: 750-1000$
Stop: (depending of ur risk). ALWAYS follow ur RM .
Risk is justified.
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
Kusama - long term tradeI am optimistic on the market in this area, not because this coin gave me profits in the past, but the daily graph is an solid uptrend, despite overall dark atmosphere at the moment... I Love the project, I like what I see on socials and definitely it's my top3 pair in next bull run. Very low Volume, watch out it's going to a bumpy ride!
My strategy: I'm going big on every trade consequently putting very tight stop loss so I can execute that setup again with better numbers instead of being stuck with red bags. Sometimes I might catch stoplosses 2, 4, 6 times before reaching TP.
KSM USDT |+80% Potential Profits#KSM-USDT
Entre from 260 to 250✅
The recommended capital is no more than 5%
Total Risk is 1% from the wallet
Targets:
- 287 USDT
- 330 USDT (sell at least 50% on this Huge Resistance may stop bulls from climping up more)
- 298 USDT
- 277 USDT(assign very small amount for this target)
Stop-loss:
Close Weekly candle under 212
🌹Don't trade without risk/capital management and Stay Safe 🌹
🌹 Thank you 🌹
See available trades to enter on Related Idea section
#KSMUSDT 4H Chart
Price bounced perfectly from the 12h demand zone at $230 as predicted and is currently getting rejected from the resistance at $240. MACD is still bullish however both RSI and EMA ribbon are bearish. We still don't have any bullish confirmation yet, we shall wait until it breaks above the previous high at $253 then we would aim for the major 16h supply at $320 even though we may see some rejection on the first supply zone around $300.
Pivot Yearly predictions for $KSM using hidden pivotsThis is a very basic trading idea published as part of my Crypto maket analysis for 2022.
It demonstrates the earning potential, predicted by Traditional Yearly Pivots.
On top of that, it uses my Hidden Pivots Indicator that is plotting additional levels of pivots from the R6-R10 and Support Pivots (If calculation allows it, as in many cases it won't) from S6-S10.
The Indicator plots automatically on each time frame.
You can have a look at it here:
And a deeper explanation of it here:
medium.com
In the case of $KSMUSD, you can see the four scenarios on the chart:
1.Likely in case of bear year - Downside to the S1.
2. Likely in case of bull year - Upside to the R1.
3. Likely on as very bullish cycle - Upside to the R5.
4. Likely on a bananas rocket to the moon year - Upside R10 and beyond.
For the whole long read and analysis on the pivot side of the crypto market 2022, see here:
rotzeod.medium.com
#KSMUSDT 4H Chart
Price recently broke below the support at $260 and is currently retesting the support at $240. MACD is showing bearish weakness, RSI is oversold and EMAs are bearish. Price should bounce from here aiming for the 10h supply also filling the imbalance below it as a short term target, however if it breaks below this support area then we would expect a bullish reversal from the major 12h demand zone at $230.
#KSMUSDT 4H Chart
After bouncing from the 6h demand zone at $272, price ranged in an uptrend and it is currently getting rejected from the resistance area at $310. MACD is showing bullish weakness, RSI is bought and EMAs are not clear. Price should test the 6h demand zone at $290 and bounce from there aiming for the 16h supply zone at $320 as a short term target.