KSMUSDT trade ideas
KSMUSDT Technical Analysis⏳ Spot
💎 KSMUSDT has broken above a significant resistance. It has formed an ascending channel and has been making HHs and HLs in the channel. It must eventually go to the top of the channel
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🏁 Short & Medium Term
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🎳 Entry at Market or at 389.0 - 409.8
☕️ TP1 457.3
🍺 TP2 490.7
🍻 TP3 528.2
🍾 TP4 569.9
🍷 TP5 601.3
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 346.7
Good Luck 🎲
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I also touched on why I am so bullish on #DOT and #KSM. The parachains, i'm looking ten years down the road like they are.
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KSM curved channel and trajectoryA long time I didn't publish a chart on Kusama, but was following it closely. Didn't notice it looks like on a contraction and accumulation period. This usually ends in a strong BULL run. Wouldn't be rare for it to ramp up to X3.
On a "bad" scenario it could break to the lower level and still perform a BULL run later.
Given the arc trajectories and closest peaks the bad scenario is unlikely to happen. I'm more into patterns, and this patterns usually end up in a LONG strong position.
MAGENTA CHANNEL
This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
KSMUSDT +700According to the DOT and Parachain network update, I think KSM can grow well, but I have 2 entry points to buy:
after breaking 450 and fixing Or in a drop in price to the important support of 300
Target 600 - 800 - 1000 - 1300
tip: I am the buyer of this currency only as long as it is in the uptrend channel
💡Don't miss the great buy opportunity in KSMUSD @kusamanetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (385.1).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. KSMUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 406.6
TP2= @ 417.1
TP3= @ 425.2
TP4= @ 443.0
TP5= @ 455.6
SL= Break below S2
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💡Don't miss the great buy opportunity in KSMUSD @kusamanetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (385.1).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. KSMUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 406.6
TP2= @ 417.1
TP3= @ 425.2
TP4= @ 443.0
TP5= @ 455.6
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️