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KSM

Kusama (KSM) potential bullish move to previous swing highsMy strategy for a potential bullish move by Kusama (KSM) back to previous swing highs (and beyond?) I'm personally looking for a swing failure at 'D' of the bullish butterfly harmonic for a potential reversal. Take some Profits between POC and 0.618, bring your stop loss into profits somewhere below the daily level. After a succesful retest of the daily level, my next target is going to be between the 1.618 and the previous swing highs, where I will take most of my profits (75%) - I put my stop loss into even higher profits and let the remaining 25% do what it has to do. KSMBTC and KSMETH looking bullish too as we are reaching important supportareas. Thanks for checking out my strat. I would really appreciate some feedback and constructive critisism. :) (of course no financial advice and do your own research)
Long
by marrrtin_
7
KSMUSDTHello to you all. Mars Signals team wishes you high profits at all times. We are in a 4 hour time frame. The price has dropped from its main channel to the bottom. But in the lower channel that we drew, the price has been able to break its channel upwards with a strong candlestick. But we can see the weakness in the next candle. If the bottom line of the channel breaks upwards and stabilizes, we can enter the trade Warning: This is just a suggestion to you and we do not guarantee profits. Wish you luck!
by MarsSignals
Kusama ($KSM) channel breakout?$KSM was on fire after the announcement that parachain auctions were starting. A natural correction of the overhype has been in play for the last 12 hours, also dragged down by $BTC pulling back to 36k. $BTC is on the rise again but $KSM has broken out of its downward channel, coming back to test the top of it and not potentially breaking out to the upside. On the 15 minute chart there could be a good scalping opportunity here given $BTC has continued in the upward direction while $KSM came back to test the top of the channel.
Long
by myleztone
Let the Canary Fly! Bullish on KSM.I've never been more bullish on Kusama (KSM). For those of you not familiar with the Polkadot ecosystem, Kusama is Polkadot's wild cousin or its canary network. Basically, Kusama has nearly the same codebase as Polkadot, but the main purpose of KSM is to be the proving ground for projects before they can deploy on Polkadot, kind of like a test network. For full comparison, you can check out this article: polkadot.network Why I trade/invest in Kusama? (doesn't necessarily mean you should too, none of this is financial advice) Fundamental Analysis: -Parachain Auctions are coming. This will cause an increased demand once the auction starts and also a supply shock since the projects are required to lock those KSM up. (This is too long to fully explain so DYOR on this. There are videos on Youtube that provide simple explanations about parachain auctions.) -If you're bullish on Polkadot, you have to be bullish on KSM too. A robust DeFi ecosystem, that could be up to par with Ethereum's, has already started building on both. -Had higher ROI so far compared to it's cousin Polkadot. My guess is some people have only started to realize just how important KSM really is to the DOT ecosystem, rather than just a simple test network. -Has a lower circulating supply and inflation rate. KSM has 8,980,098 circulating tokens compared to DOT's 996,120,387; and has an annual inflation rate of ~10% compared to DOT's ~12%. Some sites like Coingecko say it has a max supply of 10M, but I couldn't find an official source for that though. Technical Analysis: By looking at this log chart, we can see that KSM has respected this ascending channel ever since. The upper trendline has acted as strong resistance and we've only seen a fakeout once before its recent all-time high, while the lower trendline has been acting as strong support and just recently got tested again as support during this correction. I expect for KSM to have another go at the upper trendline within the next couple of weeks. Additional bullish indicators: -We could clearly see a hidden bullish divergence which is a bullish continuation indicator. (green lines) -21W SMMA acted as support and we are currently trading above the 21W EMA. A close above 21W EMA this week will make it even more bullish. That's all I have for now, and as Kusama's taglines go: "No promises. Expect Chaos." Good luck on your trades!
BINANCE:KSMUSDLong
by realredsteel
4
KSMUSDTHello to you all. Mars Signals team wishes you high profits at all times. We are in a time frame of 4 hours. The price became a good pump as we expected and we put the signal in the channel. And it touched the targets. The price can re-enter the bullish channel after a pullback to the level of the dashed line, and in case of losing the price, we have specified the support for you. Warning: This is just a suggestion to you and we do not guarantee profits. Wish you luck!
Short
by MarsSignals
Going long with Kusama KSMThe title of the article said "Kusama Parachain Auctions", and that was enough for me to jump onboard. I hereby quote from the article: "The first real-world functional parachain Statemine, began processing permissionless transactions after an on-chain upgrade last week. After some smooth running over the weekend, the time is coming to move to the next stage: slot auctions." polkadot.network Technically we have a cup and a handle, and a chance to go parabolically towards new ATH that I have set using FIB R with 50% gains. Blue line is my entry, green line is my target.
Long
by eBlockChain