A possible Adam-EveHi traders,
The green areas are the resistance areas. You see the adam-eve formation. Under normal conditions, the target would be as higher as the depth of the formation. However, the volatility in BTC will not allow us to wait for the target. So,
Always TP at resistances.
Stay safe and healthy ^^.
KSMUSDT
Kusama (KSM) - More Bullish PA to Continue?Daily Chart - Long Term Outlook!
We can see price hovering around the 400 USD mark, at a key previous level in price.
Will we see more bullish PA on this coin? We have seen KSM perform better than most coins as of late.
What coins are you trading in the crypto markets?
DOT: Parachain Timing, and Bullish TA "W" Pattern FormedDOT currently has printed a bullish "W" pattern which would bring it to the $$35 range based on TA alone. Additionally, we have broken out of the downtrend line and are printing more bullish day by day on the EMAs and MACDs. We will get a bullish daily MACD cross by the time today's candle closes imo. This should hopefully bode well for a "W" breakout to the upside.
Additionally, we have a little more clarity on DOT's fundamentals.
Update on timing with the first Auction to go Live on $DOT
1) As you know Kusama will be first to launch parachains then once stable and the first 5 auctions launch on Kusama (DOT's sister network), the first parachain auction will go live on $DOT by end of July.
Source: www.reddit.com
2) DOT will go live with its first parachain auction by July considering Gavin Wood mentioned that KSM parachain auctions would 'now' launch every 7 days instead of every 2 weeks . Let's see but this is MUCH sooner than what every article is writing "at end of year" and means that most are completely assuming 'end of year' as the first parachain auction meaning none of the benefit is priced in and you're buying at a truly historic discount (see how low in the pitchfork you are buying compared to the projected path) before one of the greatest upgrades in crypto and tech history goes live.
Parachains will run at 100k TPS and scale to 1M TPS with additional parachains and parathreads... this is even faster than centralized organizations like VISA which has a max of 50-60k TPS. Gavin is a pure genius.
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🔸 Summary and potential trade setup
Short KSM 4hour chart
::: Point Of Entry – 289
::: Point Of Exit – 103
::: Period : One/ Two week period from date of post
::: Potential : Approximate 60% profit depending on Point Of Entry
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RISK DISCLAIMER:
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Thank you
DOT: Parachain Auction Est. Launch Date 1st Week of June PT: $78PolkaDot is launching their vaunted and long-awaited parachain on Kusama (KSM) any day and literally 1 hour ago on the Kusama Reddit page , the Kusama dev team released an update showing great progress further confirming Gavin Wood's previous estimated launch date of parachains when he wrote in a May 17th Medium post that they were mere "days" away from full launch.
www.reddit.com
Many DOT buyers have been frustrated that the launch has taken this long but not to worry this is a very definitive time schedule as you will notice on the reddit page that they have a set of check boxes they've created as steps before the last unticked box is completed. As you can see 95% of the steps are completed and there are just a couple boxes that need to be checked off - 2 of the boxes are essentially the same "Determine Auction Schedule" and "Publish Auction Schedule".
But alas! We're here and if you haven't bought DOT yet, you may want to do so b/c this is a near-term fundamental catalyst that NO ONE is talking about and the entire dev team at DOT is silent on the socials as they are hard at work.
And of course in the chart, the launch date will determine the parabolic rise in price - so for example if the launch occurs a little earlier than expected, say next Monday, then we will see a spike then - if it takes a little longer, say June 5th, then expect the price to rise then... the point is that we are within a few days of something magnificent happening in the PolkaDot ecosystem that has will mark the final step of its full main-net launch and then the first 100 projects to stake 1 million DOT will be determined.
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 - 4hr's / Perfect Gains Here 70 % Growth Target🇺🇸 KSMUSDT Setup / Analysis
🕐 4hr's Chart
Large Scale
📋 Educational
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➕ Key Technical / Reason's Long
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Expecting Coming Pump Up 70 % - be in touch
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📍 all Reaon's To Enter and why we inter In out Private Course
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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,
Kusama is leaving for the moon!!!Guys, what have I been saying about Kusama! KSM is now leaving for the moon is about to break its ATH! Buying the top? I dont think so, look at that KSM / ETH pair, as I said; the most undervalued coin in crypto. We are about to correct that! Vamos!
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
💡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.
THETA - Creeping Up Slowly... 🤫After breaking the descending correction, we saw an ABC pattern play out for a move higher. The move wasn't as impulsive which leads us to believe we may go for a deeper correction. If there's no bounce on the inner trendline, watch for the major trendline for buying pressure.
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