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KSM / TetherUS

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KSMUSDT trade ideas

KSM// Ascending ChannelKSM has been in this ascending channel for the past month, and is arguably one of the relatively less correlated tokens in response to previous BTC drops. KSM has also been very popular among the Crypto community. I believe its apart of the Polkadot Ecosystem, dyor. From a technical standpoint this would be a great time to re-enter or add positions. Price had a strong bullish impulse and high volume candles rejecting the bottom of the trend-line. Reasons not to enter...yet: 1. In previous TL touches, price has tested the area multiple times before appreciating. 2. Looking at my previously drawn Fibs from the start of the month, Price is between -27 and -61%, a safe area to enter would be after a strong close above and support above -61%. While it may cut potential profits...preservation of capital to trade another day. 3.We had a series of strong bearish high volume candles. Many short term buyers are probably thinking of taking profit. Let me hear your thoughts, previous Kusama analysis linked.
Long
by N0ST0PL0SS
4
KSM/USD - Over $450! Can we still go higher?If you check my old KSM chart when we were under $100 I predicted $450 as a key target... now we are here. Impressive run from KSM. As you can see we also find ourselves in a massive ascending channel (in blue) and if that is to be taken for granted, there is still room to go up until we hit its top resistance at around $800. For that to happen we need to break this local resistance we find ourselves under right now. If we fail and fall below the yellow parabola, then KSM may take a break and consolidate like it did in late Feb/early March before a renewed push. KSM is a strong coin and performer. Well played if you entered early. Like and follow if you liked this idea! Also join my crypto community to stay in touch!
by DU09
KUSAMA FLYING OFF KUSAMA I am really really bullish on this project. To me this will outperform most of the other projects during this bullrun. Growth is natural and demand will only increase with the Parachain slot auction. Teams can create a #crowdloan campaign for a parachain slot to attract external $KSM holders to lock up $KSM for the project’s auction bid. Rewards for the supporters of the bidding project may be the project token, or may be other incentives besides tokens. The Dot ecosystem is planning to lease up to 100 parachains. Watch Kusama fly and DOT follow up next. Is it still late to get in, not yet, but this may be our last chance for someone looking for a safe 2x. - I’ve set some buy orders at 400$ - 390$ and 380 $. Hopefully we could get down there and wish some early investor take some EARLY profits (which shouldn’t happen now imo) I am personally holding this one until scarcity is reflected on price. Which would be around TP3 = 930$ (APPROX) The canary is flying up to the moon. Cheers
Long
by OobCast
3
KUSAMA FLYING OFF KUSA MA I am really really bullish on this project. To me this will outperform most of the other projects during this bullrun. Growth is natural and demand will only increase with the Parachain slot auction. Teams can create a #crowdloan campaign for a parachain slot to attract external $KSM holders to lock up $KSM for the project’s auction bid. Rewards for the supporters of the bidding project may be the project token, or may be other incentives besides tokens. The Dot ecosystem is planning to lease up to 100 parachains. Watch Kusama fly and DOT follow up next. Is it still late to get in, not yet, but this may be our last chance for someone looking for a safe 2x. - I’ve set a buy order at 400$ - 390$ and 380 $. Hopefully we could get down there and wish some early investor take some EARLY profits (which shouldn’t happen imo) I am personally holding this one until scarcity is reflected on price. Which would be around TP3 = 930$ (APPROX) The canary is flying up to the moon. Cheers
Long
by OobCast
1
KSM setting up for another PumpKSM setting up for a second impulse in the form of a broadening upward channel. Very common to see this patterns in crypto as volatility kicks in when in pumping mode. Take a look at the double bottom that marked the end of it's correction from the first swing (curves in blue). Notice the last three candles how they are formed in a trending upward pattern (circles in pink), along with trending volume resulting in the Accumulation Distribution above it's EMA13. These Three Candles you can call them Three White Soldiers if you like. The correction was a classic 50% correction, indicating a healthy correction in the upward movement, it did not fall below 62%, which for us personally is a good sign for the bullish side. Honestly, all analysis on crypto are based from the broader view that the crypto market is in bullish mode, and is not convenient to be shorting for the moment. Yes it can fall, but for the moment the strategies are oriented towards a bull environment. Just an OPINION. If it's useful please LIKE and FOLLOW. Cheers and best of best :)
Long
by Robertus