KSM
KSM- Kusama TargetsI have never invested in Polkadot directly but Kusama has worked perfectly well for me twice before.
Time for number 3?
The fundamentals look GREAT and the chart agrees.
Kusama calls itself the canary network of Polkadot. So, what is a canary? It is a type of bird that coal miners used to check if it was safe to enter the coal mines. Kusama works quite similarly for Polkadot. As we know that Polkadot is becoming quite popular among blockchain developers, so Kusama is a perfect option for them to test their applications before launching them on Polkadot.
🆓Kusama (KSM) May-27 #KSM $KSMKSM has conquered the 320$ zone and is heading to 400$, 480$, and 560$ zone. But if it loses this 320$ zone again, it will have a big decline to 240$ or even 120$ zone in June
📈BUY
-Buy: 310-330$. SL if B
-Buy: 390-410$ if A. SL if B
📉SELL
-Sell: 390-410$. SL if A
-Sell: 470-490$. SL if A
-Sell: 550-570$. SL if A
♻️BACK-UP
-Sell: 310-330$ if B. SL if A
-Buy: 230-250$ if A. SL if B
-Sell: 230-250$ if B. SL if A
-Buy: 115-125$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
KSM future profitHaving a look to the different charts we can see how BTC is having a bad time trying to overcome the trading line and keep its way to 42k. If BTC drops the alts drop. That is why looking at KSM I can see some free profit as soon as it touches the support I marked on the chart. After it reaches the first support we can buy, setting a stop loss just under that line trying to avoid any potential lose if KSM decides to drop to the next support following the bigger pattern. For any questions feel free to ask !
KSMUSDT, Kusama - ready for the parachain auctions pump ?Hi guys,
In the light of the upcoming Kusama parachain auctions, I think it's quite reasonable to get involved in KSM. Even more when the technicals are pointing to an imminent breakout.
I will be looking for a 4-hour and 1D candle closes above the $570 levels with next target at $740, 30 percent from here.
Possible retrace to the $480-$500 support zone, around the 21-day EMA on the 4-hour chart where I plan do add more to the long position.
Regards,
💡Don't miss the great buy opportunity in KSMUSD @kusamanetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (482.67).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. KSMUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 569.90
TP2= @ 628.41
TP3= @ 711.50
TP4= @ 790.00
TP5= @ 911.63
SL= Break below S2
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💡Don't miss the great buy opportunity in KSMUSD @kusamanetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (482.67).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. KSMUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 569.90
TP2= @ 628.41
TP3= @ 711.50
TP4= @ 790.00
TP5= @ 911.63
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
KSMUSDT Head and Shoulder PatternKSMUSDT(4H CHART) Technical Analysis Update
Head and Shoulder Pattern
KSM/USDT currently trading at $472
Buy-level: $460 - $480 (Wait for the small retracement)
Stop loss: Below $420
Target 1: $518
Target 2: $560
Target 3: $600
Target 4: $650
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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Kusama going for 600$ and beyond!In case you missed the various pumps on alts and you have fomo but kept composure and didnt buy a top; I say: good job! Now you should have some fiat for Polkadot on steroids called Kusama (KSM)!
I did various analyses on KSM already and simply put; fundamentals are insane (Polkadot and Kusama could get close to ETH in terms of adoption), token economics are amazing and KSM has been rallying ever since this bull market started. So I already gave you a signal weeks ago on KSM when it was trading around 320$. (see link below) But lucky you, KSM didnt fully breakout yet and is currently clearing the last resistance hurdle on its way to a new ATH! Targets are in the chart but don't expect all of them to get hit by the end of this month; the first one is definitely in the cards. KSM is a spot buy and hold for patient investors, it might take a while before it pumps but when it does; it goes nuts.
Sidenote: check that daily RSI trading 94 days above 54 (black line); that's what I call a strong coin with demand! When we clear the resistance we can see big things happen! Long term projection is 1K by the end of this year but maybe more... It will depend on the popularity / adoption of the parachains - if you don't know what that means, google and read about KSM first. Lets ride the Kusama wave!
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
CRYPTO WEEKLY #18 (2021)A new crypto week has started! It is looking as bullish as it can be here guys, total crypto cap tapped ATH last night and there is no sign of declining appetite for crypto and righteously so!
So I keep this one short, I project BTC to breakout on Wednesday which should take BTC above 60K again. If BTC holds above 60K this week we are in for a new ATH and a possible 70K by the end of the month. But first lets see if we can break 60K as its a big hurdle at the moment. Also watch out for shakeouts before the breakout.
Then the new king of crypto: Ethereum (sorry BTC maxi's) is looking very bullish! ETH doesnt seem to slow down and is slicing through heavy resistance like a knife through butter. However; watch out with leverage longs though! Lets not give the market maker any reason to bring the price back down by giving them an opportunity to wick you out. So if on the sidelines; ETH is still a good buy on spot, especially for the long term (the next 6 to 12 months). ETH is an easy keeper and I might have found yet more insights on where the price might go in the next 6 to 12 months. I have to verify and study more but if its true what I'm seeing we have multiple X's ahead for ETH. As of yet still by far the best performing coin in the whole market and by far the coin with the best fundamentals. The cryptomarket has never been this easy.
For the rest of the market; we need to wait and see as BTC needs to hold the line for other coins to pump. If you like something else besides ETH; I am still bullish on KSM and potentially DOT, BNB and LINK. From this list though I only think KSM has a decent chance to outperform ETH but we can never tell for sure. (check my analysis linked below for KSM)
Last week's projections hit their targets perfectly and this week we project: BTC to break 60K, ETH could run towards the 4400$ zone and KSM should be able to break the 500$ mark. Last remark: be happy with a dump on Monday, it means we will pump this week, be patient!
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
KSM - Decision Time 🕒KSM has moved up 60% since our last post. Price bounced off perfectly from our area of interest. Ideally we would have wanted clear bullish moves but as it stands, it's still very corrective indicating that we may get another move down. If that happens, we will wait to see where price creates a floor and then find buying opportunities at a cheaper price.
KSM - Decision Time 🕒KSM has moved up 60% since our last post. Price bounced off perfectly from our area of interest. Ideally we would have wanted clear bullish moves but as it stands, it's still very corrective indicating that we may get another move down. If that happens, we will wait to see where price creates a floor and then find buying opportunities at a cheaper price.
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