🌧️ KSM Reaching The End Of Bullish ChannelKSM has been going strong in a bullish channel for quite some time now, but steam is starting to run out, with more and more selling pressure at the higher price ranges. There isn't much buying pressure either, so it will probably have a retracement before some more upside.
Expect KSM to go up a little more until we hit a local top (probably won't reach the top of the bullish channel) and start retracing downwards. We can see this from the RSI topping out and also the shrinking of green candles. If true, we can expect a retracement until around $420 and below, which would be a good time to buy in. We can then take profit near the ATH.
Of course, while unlikely, there's a possibility that KSM can betray all expectations and continue following the bullish channel. If you're holding KSM, it might be prudent to watch closely for signs of a reversal to sell and buy in at a lower price. If you're not holding KSM, it's too risky to buy in now, so don't FOMO and wait for a retracement or just let it go.
KSMUSDT
KUSAMA COMEBACK: new ATH is coming!KUSAMA recently had a very strong rally (check my last update) but was overextended very quickly and as said almost fell off my chart.
Now we just came out of a 26% correction and consolidation and we saw strong support coming and quickly pushing KSM out of the traingle.
Currently KSM is retesting support to blast off potentially to a new ATH against BTC but at the very least a new 15-25% pump!
You might wonder why KSM is so volatile? This is because KSM is very scarce 10m tokens max supply, mostly in wallets of blockchain projects that will/want to use KSM's parachains.
The token is meant for governance and thus very important for future Kusama "clients" to hodl and have influence over the direction of the project.
Like I said in my last update; KSM is governance gold and the price will easily pass 1000$ this year but I expect much more than that.
One the parachain auctions start and projects win a parachain, more demand for KSM will arrive for future governance of the Kusama ecosystem.
(check the links below or my profile for more bullish alts)
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
KUSAMA (KSMUSDT) EXPECTED 70%+ NEXT WEEKHello everyone,
this is my first time to publish trading idea hopefully not the last. first let me briefly describe what you are seeing on the chart. In white you can see the price of KSMUSDT , while in black that's the set of technical indicators that I'm using. this set is composed of simple moving averages with the following period lengths (20, 40 ,80,160,320,640,1280,2560,4999). the purpose of using this methodology is to analyze both the trend and volatility over the short-term, mid-term, and long-term. it is worth noting that this is a line chart with each data point equal (H+L)/2 OF 2H candle sticks. this chart covers the last 6 months.
Now, let's get to how I got this prediction. basically this setup has two modes; compressed which is the buy zone and, stretched which is the sell zone. the compressed mode is when the price and short-term moving averages get closer to the longer-term moving averages, while the stretched mode is when the price and short-term moving averages get further away from the longer-term moving averages. to trade this, the more compressed it is the more you buy and the more stretched it is the more you sell while in between you just freeze. Now if you look at the chart you will find KSMUSDT is in the compressed mode and you will see that it has very nice long-term trend, it doubles on average every 50 days (will explain how to quantify trend strength in next posts) which means that you are buying a very undervalued asset.
with all that said my conclusion is that KUSAMA ( KSMUSDT ) is expected to be one of the best performing crypto-assets in the next week or two.
please follow and get in touch if you have any questions. also If you like my idea and you have a job for me or you just want to tip me please find attached my KSM wallet address bellow:
FB1nskJ4bcR2aACtrmAEjMJUcbRhqTjNUWrvh2Qvm1dpCWV
thanks
Kusama KSMBTC 55%+ expected return over the next weekHello everyone
the purpose of this post is to support my previous trading Idea, if haven't seen it I recommend you have a look at it first(link attached). first let me briefly describe what you are seeing on the chart. In white you can see the price of KSMBTC , while in black that's the set of technical indicators that I'm using. this set is composed of simple moving averages with the following period lengths (20, 40 ,80,160,320,640,1280,2560,4999). the purpose of using this methodology is to analyze both the trend and volatility over the short-term, mid-term, and long-term. it is worth noting that this is a line chart with each data point equal (H+L)/2 OF 2H candle sticks. this chart covers the last 6 months.
Now, let's get to how I got this prediction. basically this setup has two modes; compressed which is the buy zone and, stretched which is the sell zone. the compressed mode is when the price and short-term moving averages get closer to the longer-term moving averages, while the stretched mode is when the price and short-term moving averages get further away from the longer-term moving averages. to trade this, the more compressed it is the more you buy and the more stretched it is the more you sell while in between you just freeze. Now if you look at the chart you will find KSMBTC is in the compressed mode and you will see that it has very nice long-term trend, it doubles on average every 60 days (will explain how to quantify trend strength in next posts) which means that you are buying a very undervalued asset.
with all that said my conclusion is that KUSAMA ( KSMBTC ) is expected to be one of the best performing crypto-assets in the next week or two.
please follow and get in touch if you have any questions. also If you like my ideas and you have a job for me or you just want to tip me please find attached my KSM wallet address bellow:
FB1nskJ4bcR2aACtrmAEjMJUcbRhqTjNUWrvh2Qvm1dpCWV
your support is much appreciated.
thanks
Mustafa
Moving upwards after a downtrend momentum Hi Kusama traders.
It seems like we have find support on the 460 area after hitting the ATH on monday. That's a dip ( slash correction) of 15%.
The previous support level has now become a resistance level. We will see an upward movement after breaking the resistance level @ $520.
Look for an entry @ 460-470. Stop Loss @ 440
KSM.USDT (P21.P2.E2).Uptrend.stalkingHi Traders,
Sorry to get this out late but might as well put it out there as its got a trend that keeps on giving.
I just jumped in with this last candle in the making, just lucky, right place right time.
How to trade this?
Keep an eye on this.
Stalk it on the 4 HRLY and look for the next pullback\cradle setup.
All the best,
S.SAri
KSM: utility and governance goldKUSAMA
KSM, the official test net of Polkadot is one of the most fundamentally strong projects in crypto. (research why yourself)
With the launch of their parachains and full testnet we basically see a roll out of Polkadot v1.0 with numerous clients and partners.
Although it is a testnet; it does offer the full Polkadot feature set and is the first one to launch innovations...
LONG TERM
The governance / utility token KSM is an amazing scarce asset with great token economics (most of them released) and is still undervalued in marketcap.
By the end of the year I expect Kusama to be between a 15 and 20bn marketcap, but even more is possible depending on adoption.
Long term KSM tokens will be like governance gold and I expect Polkadot and Kusama to play a major role in Web 3.0, Defi and intra-chain connectivity.
I definitely see KSM and DOT both respectively push projects like ADA, THETA , DOGE, BCH, LUNA and LTC from the top spots.
TOKEN ECONOMICS
Market Cap: $4,155,693,549
24 Hour Trading Vol: $548,112,535
24h Low / 24h High: $413.74 / $501.87
Circulating Supply: 8,980,098 / 10,000,000
Fully Diluted Valuation: $4,627,670,561
Max Supply: 10,000,000
MID / SHORT TERM
In the mid / short term we can see more growth for KSM and I see Kusama outperfom BTC, ETH and other major alts for the next 4 to 6 weeks - with a price target of 600$ (+30%) in that same time.
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
KSM/USD - Over $450! Can we still go higher?If you check my old KSM chart when we were under $100 I predicted $450 as a key target... now we are here. Impressive run from KSM.
As you can see we also find ourselves in a massive ascending channel (in blue) and if that is to be taken for granted, there is still room to go up until we hit its top resistance at around $800.
For that to happen we need to break this local resistance we find ourselves under right now. If we fail and fall below the yellow parabola, then KSM may take a break and consolidate like it did in late Feb/early March before a renewed push.
KSM is a strong coin and performer. Well played if you entered early.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
Kusama first. Then move to polkadot. Research Parachain AuctionsYou will probably know it's time to move from Kusama to Polkadot when Kusama hits the top 10 in crypto market cap.
Or dynamically move into polkadot before the polkadot parachain auctions start.
I wanted to go much much deeper than just price here but let me know if a deep dive into KSM value is desired. Thanks
1000$ Kusama| Kusama Bullish Price prediction Kusama broke the rising wedge upside which is super bullish. It can easy go to $1000. Its market cap is just 3.5 billion dollars and to go to $1000 it just needs to be doubled which is not difficult in crypto, especially for a coin which has super strong fundamentals.
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