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KSMBTC

$KSM/#BTC [#Kusama]: Resistance_Breakout◳◱ Hey traders, we've identified a Resistance Breakout on the $KSM / $BTC chart. The price has broken above a key resistance level, which can indicate a potential bullish trend. Taking in consideration the next resistance key levels are at 0.001598 | 0.001731 | 0.001944 and the major support zones are respectively at 0.001385 | 0.001305 | 0.001092. It is a bullish indication and we may consider entering at the current price zone at 0.001782 and targetting higher levels. ◰◲ Technical Metrics : ▣ Current price: 0.001782 ₿ ▣ 24H Volume: 43.975 ₿ ▣ 24H Price change: 7.349% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.001598 | 0.001731 | 0.001944 ◢ Support: 0.001385 | 0.001305 | 0.001092 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.50 - Bullish ▣ Reddit sentiment score is 0.32 - Bearish ▣ In-depth KSMBTC 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! ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here
by Crypto2AF
KSMBTC - Broken Trend, No Power Move Yet!A few weeks back KSM made a strong move upward and out of the trend line it's been ranging underneath for some time now. Since this break we haven't seen a large movement either upward or back under the trend line - we seem to have entered a phase of consolidation at the current price range. We have received a Buy signal from CTv2 so we're feeling pretty confident that the price will be heading upward soon, we've illustrated 3 potential TP zones above, at 5%, 15% and 25%. If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
KLong
by theCrypster
4
KSM triangle breakoutPlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Kusama broke down this triangle📐 and I think there is chance for run to 15 and even lower which would mean -33% loss of value from current price. Setting SELL LIMIT order to previous range low to catch🎣 the pullback. ENTRY : local low @ 24.00 STOPLOSS (SL) : local high @ 26.08 TARGET (TP) : height of the triangle projected from midpoint of the local range (SELL LIMIT - STOPLOSS) @ 15.00 REWARD RISK RATIO (RRR) : 4.43 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Short
by bizmark
4
KSM-USDT - LONG FALLING WEDGE***What is the Falling Wedge? .................................. The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. In general, a falling wedge pattern is considered to be a reversal pattern, although there are examples when it facilitates a continuation of the same trend. This article explains the structure of a falling wedge formation, its importance as well as technical approach to trading this pattern. Where Does the Falling Wedge Occur? The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pull back, two converging trend lines are drawn. The consolidation part ends when the price action bursts through the upper trend line, or wedge’s resistance. One of the key features of the falling wedge pattern is the volume, which decreases as the channel converges. Following the consolidation of the energy within the channel, the buyers are able to shift the balance to their advantage and launch the price action higher. there are three key characteristics of a falling wedge pattern: 1- The price action temporarily trades in a downtrend (the lower highs and lower lows); 2- There are two trend lines (the upper and lower) that are converging; 3- There is a decrease in volume as the channel progresses. The first two elements are mandatory features of falling wedge, while the occurrence of the decreasing volume is very helpful as it adds additional legitimacy and validity to the pattern. It may take you some time to identify a falling wedge that fulfills all three elements. *** What the Falling Wedge Tells Us? ...................................... The falling wedge pattern is a technical formation that signals the end of the consolidation phase that facilitated a pull back lower. As outlined earlier, falling wedges can be both a reversal and continuation pattern. In essence, both continuation and reversal scenarios are inherently bullish. As such, the falling wedge can be explained as the “calm before the storm”. The consolidation phase is used by the buyers to regroup and attract new buying interest, which will be used to defeat the bears and push the price action further higher. Hence, a falling wedge is an important technical formation that signals that the correction, or consolidation, has just ended as the asset’s price left the wedge to the upside and, in most cases, the continuation of the overall trend is taking place. ***Trading the Falling Wedge? ...................................... Paying attention to volume figures is really important at this stage. The continuous trend of a decreasing volume is significant as it tells us that the buyers, who are still in control despite the pull back, are not investing much resources yet A break of the wedge to the upside has to be confirmed by a daily close above the wedge, which is exactly what happens. At this point, you have two opportunities: 1- You enter a trade as soon as the close occurs 2- You wait for a potential pull back for the price action to retest the broken resistance. The first option is more safe as you have no guarantees whether the pull back will occur at all. On the other hand, the second option gives you an entry at a better price. In this case we will go for the option number one. A stop-loss order should be placed within the wedge, near the upper line. Any close within the territory of a wedge invalidates the pattern. Finally, you have to set your take profit order, which is calculated by measuring the distance between the two converging lines when the pattern is formed. This way we got the green vertical line, which is then added to the point where the breakout occured. Thus, the other end of a trend line gives you the exact take-profit level. I will Post Trade When trade is active for me. *****GOOD-LUCK*****
Long
by Mahdicryptodotma-pro
#KSM/USDT 4HOUR UPDATE !Hello dear traders, we are new here so we ask you to support your ideas with your LIKE and COMMENT, feel free to ask any questions in the comments, and we will try to answer for all, thanks, Friends. I have tried my best to get the best possible results in this chart. Hello, dear traders welcome to this KSM/USDT 4Hour chart analysis. KSM/USDT LONG TRADE SETUP ENTRY:-$65,$67.5 TARGET:-40% STOPLOSS:-$62.4 LEVERAGE:-10X TO. 20X Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563