KSMUSDT trade ideas
KSM.USDT (Y21.P1.E1).Another breakout formationHi All,
I'm see this pattern a lot with some ALTs and some have already broken out of it, eg. ADA, BLZ, etc
MY THOUGHTS:
Structure is likely completing a ascending triangle with 2 touches to the top for the breakout.
Indicators show upward pressure, on the 4 hrly.
8 HRKY looks good on the indicators
Liquidity is OK on Binance, 11 million today.
How to trade this?
I would go to the lower time frames to see a trend\cradle setup and\or wait for the breakout.
All the best,
S.SAri
Lower time frames - looking for an entrance. Its possible that this bearish div can push it down deeper.
Hence better to wait for the break out to a new higher low.
8 HRKY looks good on the indicators
KSM - breakout?After some parabolic movement, KSM has retraced to the 0.382 long term fib, and then started another upward movement. On Jan 27, it has broken out from a descending resistance line (at the breakout point, there also seems to be a horizontal mid-term and short term fib as support as well as the daily kijun) and retested it. Now it was rejected at another horizontal resistance, which coincides with a mid term and a short term fib. It fell back to a weak support at the 0.5 short term fib. There is some bullish divergence on the RSI for the daily and 1h timeframes. The MACD has made a bullish cross on the 4h, but it is currently negative on the daily (although both lines are well above 0, which indicates a longer term bullish trend).
Kusama's a hidden gem !honestly, I am kind of sad to see that people are underestimating Kusama because they'll miss out on something amazing and that will make 'em lots of profits, this is the only
coin I always have a bag of, 'cuz I know one day ( when it'll be at 3-5k ) I will be glad to have them. Let me know what you think about long-term potential of KSM.
That aside, I hope you'll enjoy the chart I made, everything is explained in details on the TA !
Stay safe beautiful people! don't forget to leave me a suggestion for a future TA down in the comments if you want a TA of a specific asset :D
KSMUSDT PA Range| Internal S/R| 200 MA| Declining Volume Evening Traders,
Today’s analysis- KSMUSDT, trading in a valid apex where a breakout is imminent,
Points to consider,
- Price Action Impulsive
- Range Low S/R Support
- Range High Resistance
- 200 MA Dynamic S/R
- Declining Volume
KSMUSDT’s immediate price action is Impulsive where breaking its internal trend line will increase the probability of testing Range Low- allowing for a long bias.
The Range Low is in technical confluence with the 200 MA and the .50 Fibonacci, marking a true trade location.
The immediate volume profile is declining; this is suggestive of an expansion occurring in the gradual short term.
Overall, in my opinion, KSMUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps.
Thank you for following my work,
And remember,
“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
KSMUSDT LongKSM looks primed here. Downtrend Break out followed with a retest. Support seems to have been clearly established and I am expecting its next leg up to happen very soon providing bitcoin doesnt take us out. RR is very good with this one. Small Stop as we are close to structure.
Good Luck and happy trading.
KSM/USD - Buy opportunity incoming!KSM is currently correcting like all the market and will present a good buy opportunity at the support line of this massive ascending channel.
The support line at $75 is likely to hold as we will be at the channel support, 50 Moving Average support (in yellow) and local support line as indicated by the Fib level.
Therefore buying anywhere under $80 up to $70 seems like a good idea.
If we break the channel down, then we may fall to low $50, but I find that unlikely unless BTC crashes to 20k or so.
Make sure to set limit buy orders to catch any wick if you are confident in this idea!
One area of concern is the weekly timeframe where we have a massive bearish divergence on RSI. Hard to say how this will resolve.
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$KSM one of the most important coins in the game?If you have $KSM I would hold this looks like a fake out buy more if it dips into the $90 range this coin is so important if you only knew
Triangle breakKSM has brok out the triangle formed because of BTC dump and it is over the ichimoku resistance cloud, expected target is 28.65% but keep in mind a part of this profit is already gone because the breakout already happened. It's still worth entering though
KSM Nice Dip To Buy Hello My Friend
Let's Trade Together !
BINANCE:KSMUSDTPERP
Nice Dip , Over Sell On Rsi it's Time To Go Long
Let's Hunt This Situation
Buy /Long
KSM / USDT
Entry : 105.6 - 102.7 - 100 - 96
Targets :
109.6 - 114-118-125
MidTerm Targets :
130 - 140 - 150
STOP : 92
The final phase of bearish movement in the way.As the new analystic signs, we estimate the actuel price movement is just a corection and after seeing again about 109 usdt, the final phase of bearish movement will be finished. For that we don't have enough information if you want, buy order with about 5% TP and then a sell order with about 10% or more is reasonable. BINANCE:KSMUSDT
KSMUSDT 1H 618 fiboooooo
After a move and correction to the 0/618 Fibonacci zone, the roof is expected to break gently to move to the 27/1 zone and then jump back to the 618/1 zone after returning.
KSM/USD - Amazing bull run! Where is the top?! $400?KSM or Kusama has done a rare chart that I have not seen in a while. It's been moving up on this support line since March 2020! Any buy when the price touched the support line was an instant profit, EVERY TIME. I count at least 12 times.
So for how long can this momentum last? I believe we still have fuel in the tank that can propel us to $150 and once pass that $400 is in reach. The indicators + volume also look good to me.
This idea will be invalidated as soon as we drop under the support line and we re-test it as resistance. That will also signal that this bull run is over and we're due for a significant correction.
For now we may also face some resistance represented by middle line in this ascending channel which is also close to the $150 value.
As such, watch the price action, because if we happen to fall to support, that may give us a great buy opportunity.
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KSM/USDT - Short term HS w/ in Ascending Channel- Bounce for Up!Hello Traders,
We are seeing an ascending channel formed on the uptrend.
I believe we will see a Head & Shoulders pattern formed within this channel for a small pullback before breaking the channel to go up. We are currently in price discovery and I'm not seeing any reason for a slow down. This is always fun, bc if you buy right you can just trail your SL or TTP and ride the price up. But it's always smart to have Take Profits set to control what you're keeping along the way.
When we get this pullback, I'm looking for a bounce off of the EMA 26. Short term, targeting the FIB 1.62.
Mid-term, I'm going to be targeting $120 +/-
Good luck!
#KUSAMA Faces a correction befor going more UPAs the previous movements show an upward trend, a correction is essential. but it's pretty hard to say the bulls are tired or the direction is changing. So in my opinion as I marked on the chart, a sell order at this current price and another buy order on the marked (long) point is probably achievable and profitable. BINANCE:KSMUSDT
KSM USDT What we see now :
1- the price at79.9 $
2- the support level at 68. 40 $
3- the price cross ATH
4- there is 3 positive buy signals
What we do now :
i see it is a good position to take a deal at this level with some risk what ever we have to follow the robo sell signals
TRADE WITH YOUR OWN RESPONSIBILITY
KSM - beautiful setup for 5th waveKSM had tons of support below 80 USD, we have nice bullish divergence on RSI and price should bounce to the upside very soon and complete 5-wavish uptrend cycle.
