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KSM

KSM - Trade SetupKSM followed BTC just like the other coins and just hit support a few hours ago. There are two support areas holding the price up and one resistance in the local price zone pushing it down. THe sell volumes are still there but if the market changes status to Neutral, we might see it consolidate in this price zone. If the price manages to cross the resistance line, after the closure of the first 4H candle above it, you can open long positions and aim for that TP. but for now? just wait. Current Market Price: $207 Good Luck Tell me your ideas. Like and Share
by ShawnMCR
3
Kusama KSM Insane Explosive Move SoonHi dear friends, hope you are well and welcome to the new update on Kusama ( KSM ) coin. The broadening formation: On the weekly time frame chart, the price action of the KSM coin has formed a broadening formation and now the price action is likely to have a very nice bounce from the support of this broadening formation. Once the priceline of Kusama will start a big move from here then the next touch at the resistance is expected at $500. Ichimoku cloud: On the daily timeframe chart, the priceline of the KSM coin has broken down the Ichimoku cloud, and now the conversion line is crossing down the price action to lift it up. Once the price action will cross up the conversion line then the conversion line can cross up the baseline as well which will be a buying signal. We can also observe that there is a bullish cloud above the candlesticks and if the price action is having a bullish cloud above it then it is easy for it to break out this cloud. Because the bullish cloud works as a weak resistance but strong support. Harmonic bullish Shark pattern: On the 2-day time frame chart, KSM has formed a bullish harmonic Shark pattern. I have already shared this pattern a few days back when the priceline was in the buying zone of this bullish harmonic move. The buying and sell targets of this pattern are as below: Buy between: $196.26 to $115.97 Sell between: $276.80 to 446.89 Stop loss of this pattern was as blow: The maximum extent of the potential reversal zone of $115.97 can be used as stop loss. The possible profit and loss ratio of the bullish harmonic Shark was as below: As per the above targets, this trade has a big profit possibility up to 285% and a big loss possibility is 41%. Therefore try to buy it within the potential reversal zone as lower as possible. Conclusion: The price action of KSM coin has already bounced from the support of the broadening formation and at the same time, it is taking a bullish divergence from the potential reversal zone of a bullish harmonic Shark pattern. Therefore, we can expect that soon the priceline will also reach the resistance of the broadening formation at $500 level.
Long
by moon333
1
🔥 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!
Long
by FieryTrading
21
Kusama $KSM Possible Scenarios - 1DThere are 2 possible scenarios for Kusama ($KSM) that could play out: 1) KSM has formed a Head and Shoulders pattern on the daily timeframe. A confirmation of this would be a breakdown below the neckline level of ~$290. This would mean KSM would slump further. Note: The head and shoulders pattern on the OBV has already played out. 2) KSM could find support around the current level of ~$300. This, coupled with a reversal and a break of the OBV S/R level of ~3.25M could propel KSM to its former highs of ~$530 based on past patterns beginning in early March 2021. If this happens, price is expected to move according to the yellow squiggly line. This may give a possible return of 60%+. Please note that this is not financial advice but merely an idea. Twitter: @TraderLH
by LuqH