KSM/USDT Is About To Launch Its Rocket 🚀🚀🚀📈 KSM/USDT | Potential Upward Movement
💡 Buy Limit Order @ 204.87
🎯 Target Profit 232.81
🛑 Stop Loss 195.56
❌ Do not risk more than 1% of your account on each trade
Description:
The coin is bouncing inside a bullish flag above the daily support (203.82 USDT). A lower correction could be seen before breaking the pattern to the upside and then we will see an impulsive wave all the way up toward the target profit.
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KSMUSDT trade ideas
KSMUSDT could retest 0.618 Fibonacci retracement 🦐KSMUSDT could retest 0.618 Fibonacci retracements after a huge bearish impulse. The price is retesting the weekly support. According to Plancton's strategy (check our Academy), we can set a nice order
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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.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Entry KSM@ $225 Target@ $2,500 June 2, 2022Kusama Network Protocol
Entry KSM@ $225 Target@ $2,500 June 2, 2022
Entry KSM@ $200 Target@ $2,500 June 2, 2022
Entry KSM@ $150 Target@ $2,500 June 2, 2022
Origin of Kusama
The relationship between society and technology has deteriorated to the point
where large entities routinely stretch and overstep their authority.
It's a living platform built for change agents to take back control,
spark innovation and disrupt the status quo.
The Scalable, Multichain Network for Radical Innovation.
Unprecedented interoperability and scalability for blockchain developers
who want to quickly push the limits of what’s possible. Built using Substrate
with nearly the same codebase and industry-leading multichain infrastructure
as Kusama’s cousin, Polkadot.
Project Website: kusama.network
Kraken Exchange: trade.kraken.com
KSMUSDT for July Month Watchlist 1.KSMUSDT has formed descending channel pattern for past 45days
2.Can keep in watchlist for June Month Swing Trade
3.Volume is also pretty decent
4.Today's closing in 10hr Time frame is above 222.Then it can reach some pretty decent heights.
Disclaimer : Just for education Purpose.
Cryptocurrency are highly volatile market, Caution before get in to trading
Thanks Happy Trading :)
Stalemate: KSM Long and Short IdeaWhile I do believe that we are in for a quite sizable bounce here soon in the market, I am still of the mind that we will have a bit more of a dip first. I am once again targeting KSM as a play for both sides (long and short) with a downside potential of approximately 24% and upside of 60% .
SHORT:
Target 1: $138 (12% Move)
Target 2: $120 (12% Move)
LONG:
Target 1: $200 (24% Move)
Target 2: $255 (28% Move)
I currently have a short position, but am actively watching the market for which direction we take from here while we rest on that the $160 support area.
KSM Channel with Upper and Lower limitsThis is a projection channel created upon a bounding box. For the creation of the chart, there were also used "moving averages" that cover the center, upper and lower boundaries for potential movement. Even if this not an attempt to forecast a trend, it allows to have an easy to read view of probable limits. Just sharing my personal charts for learning purposes.
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.
🔥 KSM Huge Channel Reversal: Long-Term AnalysisFor around 3 months now, KSM has been trading within a huge channel, marked by the green and red marked areas.
Assuming BTC's low will remain at ~$28.8k, we can assume that KSM's local low will remain at ~$165. This gives a lot of room for a long term bullish move for KSM.
I've marked a couple of resistances on the chart (dotted lines) for potential profit targets in the shorter-term. Be aware that this is a long-term trade, so it might take a while for the target(s) to get hit.
Always keep an eye on BTC when trading alts. Happy trading!
KSM 6.22.21You guys do what you want. I'm not here to provide trading or financial advice. I just loaded up on 25 more KSM at 180 level. If it gets a good move under it i might sell it all too like i did XRP and ADA last night and today. Making money in a bear trend is when you see how good you really are. Can you do it or do you need someone to hold your hand and tell you what to do?