Kusama ($KSM) almost ready to visit uncharted territory 🌛Okay, so my thoughts on $KSM are very bullish.
I stacked a bunch on the 200$ mark, but this is how I would do it if I were to trade it.
This coin is obviously somewhat correlated to BTC, but there seems to be a clear bottom at 200$ which is interesting and not very normal for an alt-coin.
Let's see how this will play out.
KSMBTC
KSMUSDT (KUSAMA) - BIG MOVE ANALYSIS 🔎
- KSMUSDT is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R1, R2, R3).
- Downtrend ⬇️: Horizontal support levels (S1, S2).
Kusama (KSMUSDT/KSMBTC) Potential Long Entry 2021/03/05Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $190 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
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KSMBTC new ATH or Correction?The KSMBTC pair is trading around it's ATH level.
If we look at charts we can see a bearish divergence on the daily chart.
We can see higher highs in price but also see lower highs on the indicators.
This is a sign that there's a weakening of the current trend and a possible reversal.
Target for pullback is the green box
Let's see how this plays out.
$KSM/BTC 1h (Binance Spot) Rectangle breakout and retestKusama broke bullish and is accumulating above the box, trend continuation is likely.
Current Price= 0.004909
Buy Entry= 0.004906 - 0.004826
Take Profit= 0.005270 | 0.005736 | 0.006289
Stop Loss= 0.004542
Risk/Reward= 1:1.25 | 1:2.69 | 1:4.39
Expected Profit= +8.30% | +17.88% | +29.24%
Possible Loss= -6.66%
Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 5 days
💡 It's a great buy opportunity in KSMBTC @kusamanetworTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00361). If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. KSMBTC is in an uptrend and it is expected to continue the trend.
. The RSI is above the uptrend at 68.70.
Take Profits:
TP1= @ 0.00461
TP2= @ 0.00500
TP3= @ 0.00530
TP4= @ 0.00570
TP5= @ 0.00615
TP6= @ 0.00690
SL= Break below S2
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💡 It's a great buy opportunity in KSMBTC @kusamanetworTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (0.00361). If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. KSMBTC is in an uptrend, and it is expected to continue the trend.
. The RSI is above the uptrend at 68.70.
Take Profits:
TP1= @ 0.00461
TP2= @ 0.00500
TP3= @ 0.00530
TP4= @ 0.00570
TP5= @ 0.00615
TP6= @ 0.00690
SL= Break below S2
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$KSM waiting for breakout and retest- waiting for breakout and retest of resistance
volume is great
Large market Caps ---> Mid Caps
- overall bullish on this one
expecting go a lot higher with coming news (release of parachain auctions, etc.)
may go parabolic (FOMO)
- supply 10 M
- Market Cap 2Bn
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KSMUSDT LongKSM looks primed here. Downtrend Break out followed with a retest. Support seems to have been clearly established and I am expecting its next leg up to happen very soon providing bitcoin doesnt take us out. RR is very good with this one. Small Stop as we are close to structure.
Good Luck and happy trading.
KSMBTC | Potential Long SetupKSM has been on my watchlist for a little while now.
KSM continues to test both the lower support level and resistance level.
I'm anticipating Altcoin dominance to go up over the course of the next two weeks. Therefore, I placed buy orders around the lower support level for a potential long position.
Ksm Not the BottomKsm was trading on Hotbit at 0.00066 which was around $8 when i bought it in June - There are ways of measuring this Binance chart that show it has bottomed - But i believe based on its real previous price against Btc, which is not visible on any trading view chart, it will retrace further yet - Ksm is a great coin but if you are holding I advise you to have a look at its chart on Hotbit to see its full history - You should also check out the Ksm staking option on Hotbit Investment page if you arent already aware of it, the rewards % are excellent
💡 Don't miss the great buy opportunity in KSM/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.002). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. KSM/Bitcoin KSMBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 0.00253
TP2= @ 0.00342
TP3= @ 0.00433
TP4= @ 0.00527
TP5= @ 0.00620
SL= Break below S2
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💡 Don't miss the great buy opportunity in KSM/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.002). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. KSM/Bitcoin KSMBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 0.00258
TP2= @ 0.00342
TP3= @ 0.00433
TP4= @ 0.00527
TP5= @ 0.00620
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 trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️