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KSM

KSM over $600!KSM has been on a complete tear since last November when we entered the current upwards trending channel. Even through long periods of very high RSI the price continued to move up. However, KSM did not have a good April and slid back to the lower end of the channel. The RSI bouncing (circled on the chart) as well as the MACD crossing the signal line tells us that a reversal to the upside is on its way. Additionally, we have now had two daily closes above the .236 level. As well as two daily closes above the 50 day moving average. All very bullish signs for $KSM. I'm looking for KSM to get up to $600; the middle of the channel, and the .618 line. Secondary target would be around $800 is the RSI doesn't go too crazy or if BTC does has a dip that brings the whole market down. Stop loss at a daily close under the lower end of the channel. Have fun! Trade at your own risk
Long
by zsamochin
2
Kusama ready to flyKSM has been in a mega uptrend vs BTC for a long time, an especially vs USD. This year it made a new ATH vs BTC and currently it just retested some key levels both vs BTC and USD. It is now back above its 50 DMA and the monthly P looking very strong. Could easily hit R3 relatively soon. In my opinion Polkadot is also bullish which is definitely a plus! Maybe Polkadot and Kusama get listed on Coinbase together and we get a nice pump for both when that happens.
Long
by BitcoinMacro
1
In case your are worried for dumps; look at this chart.CRYPTOCAP UPDATE: I see a lot of people who are worried for dumps on ETH, BTC or any other coin. This is very justified because normally we see big dumps after big pumps; however: the total cryptocap is telling us a different story... The story is simple and short; while most of us crypto enthusiasts have been in the space for years or at least months; most of the institutional investors and retail is still testing the crypto waters . Only since the end of February we had an influx of 1 trillion USD entering the pace hence why all coins went parabolic in the last month or two. But the trend doesnt stop there, the total crypto markets are set for an inlfux of another trillion by mid summer and if we have follow through into fall; we can see a totalcap of 3,6bn in Septermber / October. Question remains; where does this story end? Well lets take it step by step but in the most bullish scenario we could hit an 8tn total crypto cap by the end of 2021 or start of 2022; which means that most coins could do a 3 to 4x from here if we distribute the money inflow equally. In my opinion you want to hold fundamentally strong coins because my projection is that most of the money inflow (more than 70% coming from institutional investors) will go to these projects. For now, we would like to see us hold the 2,224tn mark and find support on FIB level. If so, a breakout will be confirmed and we can rally 15% in May towards 2,5tn and potentially more... So to conclude; if this chart stay bullish , I stay bullish on almost any coin out there but especially the fundamentally strong ones. (linked my selection below) IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
CRYPTOCAP:TOTALLong
by cryptobullethbtcxlm
5
CRYPTO WEEKLY #17 (2021) Lets start May well and continue the trend upwards as we have a lot of adoption ahead. We are at the moment where any serious investor cant get around crypto. With diminishing returns or potential in the stock market next to a blooming and growing crypto market; we have a long road ahead... I project the majors to have a strong return in the trading sessions with coins like ETH, LINK, DOT, KSM and BNB doing specifically well - and of course; a strong return for BTC with a projected target of 62K - or to at least take out the 60K mark. If we take out our previous ATH this month, which is in the cards; we could see a 70K Bitcoin in the month of May. Which would coincide with the projected growth for the majors mentioned above. Smaller cap or high supply coins might struggle to keep up. I'm looking out for ETH this month specifically which could hit 4K if BTC pulls off its most bullish scenario of 70K. First though; lets take out 60K for BTC and reach the projected target zone of 3200 - 3400$ for ETH. Pullbacks may happen and we should always be cautious for such scenarios but the trend is bullish. IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
CME:ETH1!Long
by cryptobullethbtcxlm
KSMUSDT - Kusama --> Emtry for 20%+ ProfitsFirstly we need to look at the fundamentals behind this trade: DOT (Polkadot, #8 ranked crypto) is gearing up on KRAKEN exchange to go live with slot auctions for parachain. Kusama is one of the top projects people believe will be getting a parachain slot. Kusama acts as a testnet for new projects on DOT, an essential piece of the ecosystem puzzle. Basically what we have here is buy the hype, sell the news. DOT have been talking about parachain auctions for a while, the fact KRAKEN exchange twitter is finally starting to pump out some marketing about it... I think we are close. Now that BTC has pumped, if we don't dump like the dickens, then we have fantastic conditions for a KSM (and also DOT) bullrun. My trade is measured for short term profits, imho if you get in and up 10% in this trade... HODL! Just hold on, I think the play needs to be = let it ride. -=-=-=-=-=-=- KSM TRADE -=-=-=-=-=-=- BUY: 400 to 405 TARGET: 500 STOP: 5% however you need to see how it retests trend line, if it does. -=-=-=-=-=-=- --==--==--==-- Fundamentals --==--==--==-- Rank #45 Market Cap = $3,467,196,719 Polkadot Ecosystem Supply: 9,651,217 --==--==--==----==--==--==--
Long
by tommytoan11
KSM: stairway to heaven (or 600$)Kusama has been in a heavy correction after a strong run, currently KSM is heavily undervalued at a marketcap of 3bn! At its high that was about 5bn but even that is just nothing compared to the likes of DOGE with 34bn... Sure not to be compared but in the long run real technology that is developed with and on Kusama will be used on a wide scale through Polkadot. I project KSM to be a top 20 project by the end of the current bull run and staying there... Currently that means a market cap of at least 7,5bn but we are in a dip so by the end of the bull run that would mean at least double; 14bn. For KSM that would mean a 4x to 5x increase in price in 2021. Likely so; as projects like KSM, DOT, LINK, ETH and BTC will be the most popular amongst institutional investors thinking in the long run; not a short pump. Right now, KSM is on the verge of a breakout; when we clear the resistance cluster and find support in the orange zone we climb the stairway to heaven; to a new ATH of 600$ and beyond...
Long
by cryptobullethbtcxlm
7