KSMKSM broke the resistance level at hourly timeframe and currently its sustaining above it.
we can plan a long with 1X LEV to manage high volatility.
KSM
KSM - Bird Set Free 🦅Hello TradingView Family / Fellow Traders,
📈 After a 100% surge, KSM has been in a correction phase trading inside the falling channel in red.
Currently KSM is approaching a robust demand zone highlighted in blue.
🏹 For the bulls to assume control again and initiate the next bullish impulse movement, a breakout above the red channel and last high in red is required.
Meanwhile, until the buy is activated, KSM can still trade lower and dive inside the demand zone.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
KSM/USDT Perfectly Bounce. It's ready for back to upward ??💎 KSM's market performance has been turning heads, especially with its recent vigorous rebound marked by a robust green candle at the demand zone. This rally suggests a potential uptrend, directing attention to the supply area as the next significant hurdle.
💎 A successful breach of this supply threshold could propel KSM towards a strong resistance target, probability indicating a sustained bullish run.
💎 On the flip side, should KSM struggle to puncture through the supply area, it might retreat to the demand zone for another attempt at gathering momentum. The demand zone thus becomes a pivotal region to watch. KSM's ability to either sustain its position or falter here could be telling of its short-term market direction.
💎 If KSM fails to maintain its ground in the demand area and succumbs to a breakdown, a bearish scenario may unfold. Such a development could lead KSM to spiral downwards, potentially hitting lower support levels or revisiting previous demand zones.
💎This phase is critical for KSM; maintaining buoyancy in the demand zone could be the key to averting a downward spiral and setting the stage for a recovery and possible bullish surge.
#KSM/USDT LONG#KSM
The price has been moving in a reversal bearish flag since last February and the downtrend of the flag has been broken.
We have oversold on MACD
And the moving of the 100 thousand was broken up
The resistance area was reached and rebounded from it
Current price 25.68
First Goal 36.80
This represents 160% of the current price
#KSMIn the 2-hour and 4-hour timeframes, after a Sharpie growth, a zigzag correction has already been carried out, which is placed in the corner, which should probably have an unsuccessful exit from the top, and then continue the correction in the specified areas for a complete cycle. complete a 5-wave movement that after the completion of the last wave, we should see an X wave upwards.
In addition, contrary to this move, the 4-hour candle above $50 should be closed.
KSM/USDT Potential for Bullish Movement? 👀🚀 KSM Analysis💎 Paradisers, direct your attention to KSMUSDT, as it is currently demonstrating noteworthy market activity. After being repelled from the supply zone, KSM is setting up for a potential bullish move from the demand zone.
💎 Analyzing Kusama's market progress, it has skillfully moved through a descending trendline, breaking above it to signal the start of an upward trend. At this critical point, KSM could potentially maintain its bullish path from the demand zone around $26.67, assuming it keeps up its current momentum.
💎Conversely, should KSM face challenges in holding this momentum, we could anticipate a bullish drive emerging from a lower support zone at $21.9.
💎 Traders should also be cautious of the scenario where KSM dips below the $21.9 support level, as this could suggest a change to a bearish trend.
💎 Stay vigilant and well-prepared, Paradisers. Your ParadiseTeam is dedicated to steering you through these market shifts, equipping you with the necessary knowledge for making strategic trading decisions.
KSM/USDT Perfectly Bouncing on the support area, Ready to up ?💎 KSM has been making waves in the market with a notable bounce off its support level, marked by a strong green candle. Should this bounce prove to be a valid indicator of momentum, the next key level for KSM is the supply area. Successfully breaking through this supply area, probability could smooth KSM's path toward our designated target area.
💎 However, if KSM struggles to break through the supply zone, there's a chance it might revert to retesting at the support level to gather new momentum for another upward attempt.
💎 The support area is a critical juncture for KSM. At this point, it's imperative for KSM to either achieve a strong bounce or risk breaking down below the support level. Should KSM fail to rebound and instead break down, it could potentially continue on a downward trend, moving further down and potentially reaching the demand area.
KSMUSDT.1DBased on the given market data, the KSM/USDT pair is currently trading at $52.86. The Relative Strength Index (RSI) for the 4-hour, 1-day, and 7-day periods are 71.47, 90.94, and 82.16 respectively, indicating that the pair is currently in an overbought zone. This may signal a potential pullback or price correction in the short term.
The Moving Average Convergence Divergence (MACD) for the 4-hour, 1-day, and 7-day periods are 5.57, 4.77, and 3.85 respectively. These figures indicate a strong bullish momentum in the market. The Bollinger Bands (BB) for the same periods are 64.50, 53.14, and 44.99 respectively, suggesting a high level of price volatility.
The pair has important support levels at $43.52, $35.05, and $29.93 for the 4-hour period, and $32.80, $21.64, and $19.10 for the 1-day period, and $25.13, $19.58, and $16.44 for the 7-day period. If the price breaks down these levels, it could lead to a bearish trend.
On the other hand, the key resistance levels are $56.32, $64.88, and $71.69 for the 4-hour period, and $57.39, $68.40, and $72.72 for the 1-day period, and $56.32, $72.89, and $108.00 for the 7-day period. If the price breaks above these levels, it could lead to a bullish trend.
In conclusion, although the KSM/USDT pair is currently in an overbought zone, the strong bullish momentum suggests that the pair might continue its upward trend in the short term. However, traders should be cautious about a potential price correction due to the overbought conditions. As always, it is recommended to use stop losses and take profits at strategic points to manage risk effectively.
#KSM/USDT#KSM
The price has been trading in a large bearish range since the beginning of the year
Recently, the bearish pattern was broken strongly
The rise is expected to continue for the coming period
From current price 21.65 $
With a target of 43.93 $
That is, approximately 200% expected goal
Supported by oversold MACD and high volume
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like this kind of analysis don't forget to like and follow
$KSM Touched 3rd Target & Our Trade Ended SuccessfullyHi everyone,
Well, NYSE:KSM touched the third target and our trade ended successfully.
Trade details :
🪙 KSM/USDT
💹 Binance
🛒 Entry
🟢 $23.59
💵 Targets
🔴 $32.38
🔴 $50.00
🔴 $63.92
⛔️ SL $16.53
📅 18/11/2023
I hope you have used this idea.
"Like" & "Follow " if you want to see more of these ideas.
Sincerely,
BJWise
$KSM Successfully Reached 2nd TargetHello everyone,
After reaching the first target, NYSE:KSM managed to reach the second target at the $50 level in less than 24 hours. According to that 100WMA is considered a major resistance for NYSE:KSM , if NYSE:KSM can cross it, I expect it to easily reach the 3rd target.
Do your own research, watch out & don't be greedy.
"Like" & "Follow" if you want to see more of these ideas.
Goodluck
KSMUSDT 3D LONG📈Hi all. Timeframe 3D. KSMUSDT is at key resistance and has formed a head and shoulders reversal pattern. Of the entire Polkadot system, only KSM has not yet shown actual growth. I’m considering buying in spot now, also going long during a breakdown/retest of resistance. Marked goals and levels on the chart.
$KSM Reached to the 1st Target & Ready To Go To The 2ndHi guys,
As I wrote on November 18, after forming a bull flag, NYSE:KSM finally started its uptrend and reached our first target at $32. Kusama must be able to break the 100WMA to reach the second target at the $50 level. In this case, the $50 target will be easily available.
Also before reaching to the $50 target, there is a small resistance at the $40 level, and I expect NYSE:KSM to be involved in those areas for some time. If it crosses $40, our second target will be easily available at $50.
Despite the very good status and high potential that NYSE:KSM and CRYPTOCAP:DOT coins have, we do not forget that everything in the crypto market for altcoins will depend on the decisions of $BTC. So save your profit & don't be greedy.
Please "Like" & "Follow" if you want to see more of these ideas.
Goodluck
KSM/USDT Poised for an Explosive Journey? 👀🚀KSM Analysis💎 Paradisers, get set for a captivating trading opportunity with KSMUSDT. Presently, the asset is showing significant activity in the demand zone, suggesting a potential shift towards an upward trend.
💎 Kusama has been meticulously following a trading channel pattern. Its recent breakout above this channel sets the stage for a climb towards a resistance level, followed by a quick pullback, in keeping with its established pattern.
💎 There's a considerable chance for a bullish trend to initiate from the support level at around $24.3. With KSM having effectively broken out of the trading channel upward, it's targeting resistance levels near $31.
💎 Strategic timing is essential for the discerning Paradisers. It's crucial to pinpoint the most favorable entry points during this upward phase, and it's wise to avoid making purchases at the peak of this trend.
💎 Caution is advised, as there's also a risk of KSM falling below the support level of $24.3. A drop below this vital level may raise concerns about the sustainability of the upward trend.
KSM/USDT - Kusama: TrendLine Touch◳◱ 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.
◰◲ General info :
▣ Name: Kusama
▣ Rank: 184
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ 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.
◰◲ Technical Metrics :
▣ Mrkt Price: 23.13 ₮
▣ 24HVol: 3,086,263.265 ₮
▣ 24H Chng: -4.619%
▣ 7-Days Chng: -11.78%
▣ 1-Month Chng: 21.95%
▣ 3-Months Chng: 20.35%
◲◰ Pivot Points - Levels :
◥ Resistance: 28.15 | 31.03 | 36.52
◢ Support: 22.66 | 20.05 | 14.56
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: 3.38
▣ Last 90D: 1.28
▣ Last 1-Y: 0.25
▣ Last 3-Y: 0.44
◲◰ Volatility :
▣ Last 30D: 0.97
▣ Last 90D: 0.67
▣ Last 1-Y: 0.72
▣ Last 3-Y: 1.18
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.64 - Bullish
▣ Reddit sentiment score is 0.71 - Bullish
▣ In-depth KSMUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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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.
🚀Kusama : Is a Breakout on the Horizon?🚀Kusama (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.
🚀 Crypto Insights | 💡 Trading Strategies | 💰 Market Analysis
❗See related ideas below❗
Please share your thoughts and insights on Kusama's price action. 💚🚀💚
KSM/USDT Break the key area. Upward Momentum for KSM ???💎 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.
💎 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 $20.51 mark or risks a further decline towards its primary support zone.
finally ksm looks ready for solid gains seems like ksm has already bottomed out and preparing for massive bullish rally
descending channel breakout has already confirmed so ksm reverses its trend expecting bullish rally towards 75 to 80$ in midterm keep eyes on for retest for perfect entries
KSM/USDT Bouncing on the Support Level, Ready to Upward ??💎 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.
💎 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.
💎 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.
Bull Market about to startAltcoins are ripe for the picking. Showing bottoming signs. The end of the bear market is upon us.
Bullish Divergence on weekly, daily, as well as on lower timeframes
Not trading advice
Happy Trading
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.
