KSM/USDT - Kusama: TrendLine Touchโณโฑ On the $KSM/ CRYPTOCAP:USDT chart, the Trendline Touch pattern suggests an upcoming trend shift. Traders might observe resistance around 28.15 | 31.03 | 36.52 and support near 22.66 | 20.05 | 14.56. Entering trades at 23.13 could be strategic, aiming for the next resistance level.
โฐโฒ General info :
โฃ Name: Kusama
โฃ Rank: 184
โฃ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
โฃ Category/Sector: Infrastructure - Smart Contract Platforms
โฃ Overview: Kusama is an early, experimental version of Polkadot that exists as an independent network. It intends to act as a sandbox for developers, allowing teams to deploy and test pre-release versions of their projects before launching them on Polkadot's mainnet. Kusama will also serve as a testbed for Parity Technologies leading up to the mainnet launch of Polkadot. Like its sister chain, Kusama uses a native token, KSM, to power computation and give holders the ability to participate in securing the network and voting on upgrade proposals.
โฐโฒ Technical Metrics :
โฃ Mrkt Price: 23.13 โฎ
โฃ 24HVol: 3,086,263.265 โฎ
โฃ 24H Chng: -4.619%
โฃ 7-Days Chng: -11.78%
โฃ 1-Month Chng: 21.95%
โฃ 3-Months Chng: 20.35%
โฒโฐ Pivot Points - Levels :
โฅ Resistance: 28.15 | 31.03 | 36.52
โข Support: 22.66 | 20.05 | 14.56
โฑโณ Indicators recommendation :
โฃ Oscillators: NEUTRAL
โฃ Moving Averages: STRONG_SELL
โฐโฒ Technical Indicators Summary : SELL
โฒโฐ Sharpe Ratios :
โฃ Last 30D: 3.38
โฃ Last 90D: 1.28
โฃ Last 1-Y: 0.25
โฃ Last 3-Y: 0.44
โฒโฐ Volatility :
โฃ Last 30D: 0.97
โฃ Last 90D: 0.67
โฃ Last 1-Y: 0.72
โฃ Last 3-Y: 1.18
โณโฐ Market Sentiment Index :
โฃ News sentiment score is N/A
โฃ Twitter sentiment score is 0.64 - Bullish
โฃ Reddit sentiment score is 0.71 - Bullish
โฃ In-depth KSMUSDT technical analysis on Tradingview TA page
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โฒ Disclaimer
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KSMUSDT trade ideas
KSM ANALYSIS (4H)According to the investigation and analysis we have had on KSM, we have noticed the diamond diametric pattern.
It seems that the E wave itself has become a diametric that we are now in the G wave. The green area is a low-risk area for buying.
If you want to reduce the risk, wait and get a bullish trigger from the candles and then enter the trade.
Be sure to perform capital management and risk control because technical analysis is not certain and is a probabilistic analysis.
๐Kusama : Is a Breakout on the Horizon?๐Kusama (KSM), often referred to as the experimental cousin of Polkadot, is currently catching the attention of traders and investors. While the cryptocurrency market is no stranger to price volatility, Kusama's recent price action has sparked excitement and anticipation for a potential breakout.
Shakeout Strategy: The Art of Market Manipulation
In the world of trading, market manipulation often plays a significant role. One strategy employed by market participants is a shakeout, where prices are manipulated to briefly dip below a key level before rebounding. For Kusama, this key level stands at $16, the lowest point in recent trading.
Pattern Recognition: Breaking Out of a Descending Wedge
Another positive development for Kusama is the formation of a descending wedge pattern. This pattern, characterized by narrowing price ranges, often leads to a breakout. In Kusama's case, the potential for an upside breakout is generating excitement among traders.
What to Expect: A Potential Bullish Surge
Based on these patterns and strategies, many traders are watching Kusama closely. A successful rebound from the shakeout point, combined with the descending wedge pattern, may serve as a springboard for a bullish surge.
Trading Strategy: Preparing for Opportunities
For traders, Kusama's current situation offers the chance to prepare for possible trading opportunities. Whether you're a seasoned trader or new to the game, risk management is crucial in such scenarios.
Conclusion: The Potential for a Kusama Surge
While Kusama's recent market activity has included a shakeout strategy, there is reason for optimism. The descending wedge pattern suggests the potential for a bullish breakout, and for traders, this translates into the chance for profitable trades.
๐ Crypto Insights | ๐ก Trading Strategies | ๐ฐ Market Analysis
โSee related ideas belowโ
Please share your thoughts and insights on Kusama's price action. ๐๐๐
KSM/USDT Break the key area. Upward Momentum for KSM ???๐ KSM has certainly captured the market's attention. As of now, KSM has successfully breached the supply zone and is in the midst of a retest, with the previous supply now acting as a demand zone. For KSM to sustain its bullish momentum, it needs to find support in this demand area and Probability aims for the next supply targets.
๐ However, if KSM struggles to hold above this demand zone and breaks below, it could signal a bearish shift. In such a scenario, KSM might target the subsequent demand level at $18.34. This would be a critical juncture for KSM, where it either bounces back towards the $20.51 mark or risks a further decline towards its primary support zone.
๐จ Trade Alert: KSM/USDT (3-5x)๐จ New Trade Alert ๐จ
โ
KSM/USDT (3-5x)
๐ LONG Entry Zone: 19 - 21.59
โ๏ธ SL: 18.44
๐ Breakeven Move: When it moves close to TP2
๐ฏ Take Profit:
Short Term: 21.88 - 22 - 22.5 - 23 - 24
Mid Term: 25 - 27 - 30 - 35 - 40 - 45
๐ Ensure you set entry orders to balance the trade's entry and aim to secure 30% of profits within the first two targets. Once profits are gained, adjust the stop orders to match the entry points or break-even levels.
โ ๏ธ Disclaimer: Historical earnings cannot assure future outcomes. Is there a potential for risk? Certainly. The entire financial market is susceptible to uncertainties; any underlying factor or abrupt shift in market sentiment could overturn the current market trends and lead to losses. Refrain from undertaking undue risks that might jeopardize your financial stability. You are under no obligation to engage in this trade; kindly avoid the trade if you disagree with the trade analysis.
GIS TRADINGยฎ
KSM/USDT Bouncing on the Support Level, Ready to Upward ??๐ KSM has undoubtedly captured our attention. It's currently navigating within a Broadening Wedge formation. Historically, after touching the pattern's support trendline, KSM has shown a tendency to rebound and progressively approach key resistance levels.
๐ For this bullish scenario to play out, KSM must surpass the supply mark at $16.37 and sustain a close above it. Achieving this could pave the way for KSM to target the major resistance zone.
๐ Conversely, if KSM struggles to breach the $16.37 supply point, it might either pull back to a nearby support for another attempt or trend downwards towards a critical support level.
KSM, getting ready for hefty price growth!KSM has corrected significantly from its golden era where it peaked at its ath at 519, then have continued its massive trim downs till the 16 area.
Now on weekly data, an important weekly shift on price has been spotted. A trendline kiss is about to transpire signifying an important long term crossover of trend. Progressive hefty net buying has been registered at the current range -- cementing this low base for its incoming series of ascend.
Expect some weighty upside movement from the present levels.
Spotted at 18.0
RR ratio on this one looks too good to be missed at 30x base from its last peak.
The blackbird (from its logo) is about to take flight soon.
TAYOR.
Safeguard funds always.
KSMUSDT Elliott Waves Analysis (LONGTERM)Hello friends.
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Everything on the chart.
Entry zone: 12 - 15
Targets: 20 - 35 - 50
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
Kusama KSMUSDT Analysis: A Opportunity UnfoldingKusama's chart paints an intriguing picture for both swing traders and crypto enthusiasts looking to fortify their portfolios.
The formation of an Inverted Head & Shoulders pattern signifies a potential upward surge. This pattern, residing in the $20.0 range, holds immense significance. It not only marks a major downtrend resistance but also represents the neckline of pattern.
Adding to the potency of this setup, the RSI indicator has crafted a bullish divergence between the left shoulder and the head of the pattern. This divergence not only validates the pattern but also underlines its strength.
However, a word of caution: while the market excitement might push you towards FOMO, it's crucial to maintain a balanced approach. The ideal entry point lies at a clear breakout, reinforced by solid volume and supported by rigorous risk management.
In summary, this juncture presents a golden opportunity, ripe for those who tread wisely and decisively. Watch the $20.0 level closely; it's the gateway to a potentially profitable trades.
Stay vigilant and trade responsibly. Peace out. ๐๐น