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KSM

KUSAMA on its way to $600After a long consolidation period and forming a huge bullish triangle, we have been waiting for a breakout for Kusama for a long time and guess what? Its here! I see KSM hitting $600 this week! Just have a look below what happened on the last Kusama breakout... :0 Kusama still is severely undervalued at a 4bn market cap, in my opinion that should be at least 10+bn as KSM is basically Polkadot on steroids. Another fun aspect: ususally KSM breaks out first and pump and after that DOT pumps. :) The token economics are great, they are super scarce hence we such high prices and I project 10K Kusama tokens within the next 2 years, especially as the blockchain will be running full steam by then. Also parachain auctions are coming soon! Research it... IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
BINANCE:KSMUSDLong
by cryptobullethbtcxlm
🔥 KSM Massive Channel ContinuationKSM has been flying under my radar for a while, but since the price is moving quickly towards the channel support, I'm seeing great potential arise for a trade. As seen on the chart, KSM has been trading inside a bullish channel for more than 4 months now, seeing more than 500% returns in that process. With Bitcoin's most recent sell-off, it's potentially time for a new bullish push towards the upper resistance of the channel. Happy trading!
Long
by FieryTrading
16
KSM - Parachain auctions driving reductionKusama is continuing to test support of the descending triangle pattern formed since March 29th. If price continues to close below the 20MA, support could next be found at the dotted green line, approx $387. However, the triangle indicates that a break of the green base support line could see a price target that exactly meets the 50MA at approx $330. Considering the overall strong uptrend, a target of approx $330 might seem excessively bearish. Consider though that Kusama parachain auctions are likely beginning this month, and could be driving a lot of selling pressure to get price down for accumulation prior to the auctions beginning. The break in the original uptrend coincides with the announcement of the parachain auctions adding weight to this possibility.
Short
by AntSchmitt
KSMUSDTHello to you all. Mars Signals team wishes you high profits at all times. The price has experienced a good uptrend and is now stuck in a triangle. We intend that if it can break the triangle as in the previous analysis, then a pullback will start to rise, and if it breaks from the bottom, it is less likely to fall more. He can experiment and attack upwards several times but he has not been able to break the resistance Warning: This is just a suggestion to you and we do not guarantee profits. Wish you luck!
Long
by MarsSignals
🌧️ KSM Reaching The End Of Bullish ChannelKSM has been going strong in a bullish channel for quite some time now, but steam is starting to run out, with more and more selling pressure at the higher price ranges. There isn't much buying pressure either, so it will probably have a retracement before some more upside. Expect KSM to go up a little more until we hit a local top (probably won't reach the top of the bullish channel) and start retracing downwards. We can see this from the RSI topping out and also the shrinking of green candles. If true, we can expect a retracement until around $420 and below, which would be a good time to buy in. We can then take profit near the ATH. Of course, while unlikely, there's a possibility that KSM can betray all expectations and continue following the bullish channel. If you're holding KSM, it might be prudent to watch closely for signs of a reversal to sell and buy in at a lower price. If you're not holding KSM, it's too risky to buy in now, so don't FOMO and wait for a retracement or just let it go.
by RainyTrader
KUSAMA COMEBACK: new ATH is coming!KUSAMA recently had a very strong rally (check my last update) but was overextended very quickly and as said almost fell off my chart. Now we just came out of a 26% correction and consolidation and we saw strong support coming and quickly pushing KSM out of the traingle. Currently KSM is retesting support to blast off potentially to a new ATH against BTC but at the very least a new 15-25% pump! You might wonder why KSM is so volatile? This is because KSM is very scarce 10m tokens max supply, mostly in wallets of blockchain projects that will/want to use KSM's parachains. The token is meant for governance and thus very important for future Kusama "clients" to hodl and have influence over the direction of the project. Like I said in my last update; KSM is governance gold and the price will easily pass 1000$ this year but I expect much more than that. One the parachain auctions start and projects win a parachain, more demand for KSM will arrive for future governance of the Kusama ecosystem. (check the links below or my profile for more bullish alts) IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
Long
by cryptobullethbtcxlm