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KSM

KSM// Ascending ChannelKSM has been in this ascending channel for the past month, and is arguably one of the relatively less correlated tokens in response to previous BTC drops. KSM has also been very popular among the Crypto community. I believe its apart of the Polkadot Ecosystem, dyor. From a technical standpoint this would be a great time to re-enter or add positions. Price had a strong bullish impulse and high volume candles rejecting the bottom of the trend-line. Reasons not to enter...yet: 1. In previous TL touches, price has tested the area multiple times before appreciating. 2. Looking at my previously drawn Fibs from the start of the month, Price is between -27 and -61%, a safe area to enter would be after a strong close above and support above -61%. While it may cut potential profits...preservation of capital to trade another day. 3.We had a series of strong bearish high volume candles. Many short term buyers are probably thinking of taking profit. Let me hear your thoughts, previous Kusama analysis linked.
Long
by N0ST0PL0SS
4
KUSAMA - Chart says 'Good to Buy again!'Hi everyone, Last month we had presented Kusama as one of our picks and we did well. Price has now corrected and technically looks like a good new entry price. Fundamentally you can read about Kusama here , it is Polkadot's Canary Network and given that Polkadot has a limited number of projects/tokens that it can take under it's roof, Kusama will be taking the rest. Tokens will need to bid to get one of Polkadot's spots- that's a clever idea inspired by the Theory of games and the Kusama game is a game I would like to play again today! One Love, the FXPROFESSOR
KRAKEN:KSMUSDLong
by FX_Professor
3
KUSAMA FLYING OFF KUSAMA I am really really bullish on this project. To me this will outperform most of the other projects during this bullrun. Growth is natural and demand will only increase with the Parachain slot auction. Teams can create a #crowdloan campaign for a parachain slot to attract external $KSM holders to lock up $KSM for the project’s auction bid. Rewards for the supporters of the bidding project may be the project token, or may be other incentives besides tokens. The Dot ecosystem is planning to lease up to 100 parachains. Watch Kusama fly and DOT follow up next. Is it still late to get in, not yet, but this may be our last chance for someone looking for a safe 2x. - I’ve set some buy orders at 400$ - 390$ and 380 $. Hopefully we could get down there and wish some early investor take some EARLY profits (which shouldn’t happen now imo) I am personally holding this one until scarcity is reflected on price. Which would be around TP3 = 930$ (APPROX) The canary is flying up to the moon. Cheers
Long
by OobCast
3
Kusama// Update KSM has been able to show some resilience over the past few days relative to the other Alt coins. Fundamentally, I believe it will continue to grow in price, due to reasons mentioned on the chart. Technically, we are still on an uptrend, and holding above a strong area of support. If price does happen to close below this level, there is still the 38, 50 and 61% levels to break through before heading to the trend line. As with any trade, its best to react, rather than predict. So as time goes on and we see more confirmation of trend continuation. I will be looking for long opportunites. Check comments for previous analysis. Let me hear your thoughts on what you think will happen next.
KRAKEN:KSMUSD
by N0ST0PL0SS
2
🆓Kusama/USDT Analysis (28/2) #KSM $KSMThe selling pressure is dominated and very strong, so it may make KSM lose the 200$ support zone, and that would be a bearish sign If KSM can stop the decline at this 200$ zone, we could see a recovery to 240$ zone, this would be the strongest resistance in this situation 📅NEWS 👉Mar 31 : Kusama Deployment 📈BUY -Buy: 135-145$. SL if B -Buy: 95-105$. SL if B 📉SELL -Sell: 195-205$ if B. SL if A ♻️BACK-UP -Buy: 195-205$ if A. SL if B -Sell: 235-245$. SL if A -Sell: 280-290$. SL if A -Sell: 340-350$. SL if A ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
by CryptoStation