ksmusdtperp longConsolidation on top of previous highs, deep wick to define risk. I am long. Bitcoin pairing also looks super good for trend continuation.
KSMUSDT trade ideas
KSMUSDT longRisk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck!
KSM 2H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
If the bullish movement continuesIf the bullish movement continues...and If the support area not broken
However, for the price to move higher, the price must be stabilized above ATH
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.
