$KSM- Kusama really took a bad fall$KSM quietly making its way out of those bear hole and heading to test the 252 resistance. Still has a long journey ahead!
KSMUSDT trade ideas
Kusama (KSM) formed bullish Shark | A good long opportunityHi dear friends, hope you are well and welcome to the new update on Kusama ( KSM ) coin.
On a 2-hourly time frame chart, the priceline of KSM has formed a bullish Shark.
KSMUSDT - Long - Potential - 34.02%KSMUSDT - Long - Potential - 34.02%
Exchanges: Binance, Bittrex, Huobi.pro, KuCoin
Signal Type: Regular (Long)
Entry Zone:
163.29 - 182.529
Take-Profit Targets:
1) 188.40
2) 206.40
3) 244.02
Stop Targets:
1) 141.23
Entry Triggers- Nice bounce off the EMA 200, solid reversal alongside bullish start for BTC
Long - LTF tradeKSM LONG set up for the day, easy 100 to 300 % on 10x leverage.
KSM has been one of the strongest performers this bull run, slowly gaining back the strength,
would not be suprised to see 400s/500s in the coming weeks
KSM - WyckoffKSM is at Phase C of Wyckoff. After shaked out the week-hand, it's now coming to SOS then pump.
KSMUSDT LONGCurrently in the accumulation phase, price clear the liquidity below the low to form the SPRING and close back up. Breakout of the descending channel also.
Finally some ok action to the upsideLet's see if we hold the 50% or 61% retracement may be I'll enter again. If 38% holds then I'll ride this baby until 200. Still fundamentals people is a little doubtful of the market moving up so a drop to test the mayor support wouldn't surprise me either.
Kusama is good for small longAs Bitcoin made good movement up, altcoins are trying to catch him. So, I will enter small long in KSM with tiny goals of about 30-50 percent with a trailing stop. Try to get a better entry by catching small corrections.
@KUSAMADon't buy at the resistance until confirmation... I took 1, one moth ago, and it was a support, at that time. This is crypto.
KSM - Trade SetupKSM followed BTC just like the other coins and just hit support a few hours ago.
There are two support areas holding the price up and one resistance in the local price zone pushing it down.
THe sell volumes are still there but if the market changes status to Neutral, we might see it consolidate in this price zone.
If the price manages to cross the resistance line, after the closure of the first 4H candle above it, you can open long positions and aim for that TP. but for now? just wait.
Current Market Price: $207
Good Luck
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KSM coin : wait to buy w.3 tp 382$ .for now ksm going down w.2 for rise to w.3 at tp 382$ . cutloss at 156$ .
KSM recovery phaseAfter a big dump, the price of KSM will tend to recover to the zone of $389 - $489 - $599, stoploss below 149$
Balance Of Power From ScratchHello, traders!
As you know it's very important to identify the balance of bulls and bears. Today, we introduce you one of the most pretty and easy-to-interpret tools - Balance Of Power Oscillator.
Balance of Power (BOP) is an oscillator that measures the strength of buying and selling pressure. Introduced by Igor Levshin in the August 2001 issue of Technical Analysis of Stocks & Commodities magazine, this indicator compares the power of buyers to push prices to higher extremes with the power of sellers to move prices to lower extremes. When the indicator is in positive territory, the bulls are in charge; and sellers dominate when the indicator is negative. A reading near the zero line indicates a balance between the two and can mean a trend reversal.
The Balance of Power indicator shows the direction and extent of price change during the trading period. Like most oscillators, the Balance of Power indicator can be used to identify trends, divergences from price, and overbought/oversold conditions. Zero-line crossovers provide buying and selling signals.
Possible Signals
Zero-Line Crossovers
The scale of this oscillator ranges from -1 to +1, with 0 as the centerline. Zero-line crossovers indicate a move into positive or negative territory, and are often used as buy or sell signals. A cross above the center line generates a buy signal, and a cross below generates a sell signal.
The data is smoothed with a moving average in order to reduce the number of whipsaws. An SMA with more periods reduces the number of false crossover signals, but also reduces the responsiveness of the indicator.
While the main signal provided by the Balance of Power indicator comes from zero-line crossovers, it can also be used to determine the trend, look for divergences in price, and identify overbought/oversold securities.
Trend identification
A rising BOP line indicates an upward trend and a falling BOP line indicates a downward trend. The zero-line crossover confirms the trend change.
Divergences with Price
When price makes new highs but BOP doesn't, that is a negative divergence; when price makes new lows but BOP doesn't, that is a positive divergence. These divergences can foreshadow a change in trend.
Conclusion
The Balance of Power (BOP) indicator uses price to measure buying and selling pressure. It determines the strength of the buyers and sellers by looking at how strongly the price has changed, rather than using volume.
As with all indicators, traders should use the Balance of Power indicator in conjunction with other indicators and analysis techniques.
