KSMUSDT
KSMUSDTPrice trending since Febuary 15th with higher highs and a higher lows. Looks to be a good trade with price now retracing to the 50% fibb line of the B-C move with confluencw with the Febuary trendline, momentum begining to shift to the upside indicates potention price movement higher to the 127.2% fibb extension of the A-B-C move.
KSM Has lots of red volume and a sell signalToday the market has been experiencing a correction. We are still on the very beginning and then correction so there are a lot of short opportunities.
My most accurate buy and sell signals in the ichomoku cloud
Conversion line/Base Line = Short
Base Line/Conversion Line = Long
KSM/USD - Breakout to $160! 🚀KSM has broken out from this channel which is very bullish. I expect us to test $160 levels fairly soon! 🚀
The indicators on daily are looking great and MACD just had a positive cross with good volume, this is very bullish.
The next significant resistance is just above $160 which will likely stop us in our ascent for a while, but I don't expect it to keep us down long as the market is very bullish and KSM is a great coin with a lot of potential. I see us go to $400-$500 longer term.
Should we be rejected sharply at $160 we have good support at $120 as of right now.
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KSM.USDT (Y21.P1.E1).Another breakout formationHi All,
I'm see this pattern a lot with some ALTs and some have already broken out of it, eg. ADA, BLZ, etc
MY THOUGHTS:
Structure is likely completing a ascending triangle with 2 touches to the top for the breakout.
Indicators show upward pressure, on the 4 hrly.
8 HRKY looks good on the indicators
Liquidity is OK on Binance, 11 million today.
How to trade this?
I would go to the lower time frames to see a trend\cradle setup and\or wait for the breakout.
All the best,
S.SAri
Lower time frames - looking for an entrance. Its possible that this bearish div can push it down deeper.
Hence better to wait for the break out to a new higher low.
8 HRKY looks good on the indicators
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.
KSM/USD - Buy opportunity incoming!KSM is currently correcting like all the market and will present a good buy opportunity at the support line of this massive ascending channel.
The support line at $75 is likely to hold as we will be at the channel support, 50 Moving Average support (in yellow) and local support line as indicated by the Fib level.
Therefore buying anywhere under $80 up to $70 seems like a good idea.
If we break the channel down, then we may fall to low $50, but I find that unlikely unless BTC crashes to 20k or so.
Make sure to set limit buy orders to catch any wick if you are confident in this idea!
One area of concern is the weekly timeframe where we have a massive bearish divergence on RSI. Hard to say how this will resolve.
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KSM/USD - Amazing bull run! Where is the top?! $400?KSM or Kusama has done a rare chart that I have not seen in a while. It's been moving up on this support line since March 2020! Any buy when the price touched the support line was an instant profit, EVERY TIME. I count at least 12 times.
So for how long can this momentum last? I believe we still have fuel in the tank that can propel us to $150 and once pass that $400 is in reach. The indicators + volume also look good to me.
This idea will be invalidated as soon as we drop under the support line and we re-test it as resistance. That will also signal that this bull run is over and we're due for a significant correction.
For now we may also face some resistance represented by middle line in this ascending channel which is also close to the $150 value.
As such, watch the price action, because if we happen to fall to support, that may give us a great buy opportunity.
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KSM/USDT - Short term HS w/ in Ascending Channel- Bounce for Up!Hello Traders,
We are seeing an ascending channel formed on the uptrend.
I believe we will see a Head & Shoulders pattern formed within this channel for a small pullback before breaking the channel to go up. We are currently in price discovery and I'm not seeing any reason for a slow down. This is always fun, bc if you buy right you can just trail your SL or TTP and ride the price up. But it's always smart to have Take Profits set to control what you're keeping along the way.
When we get this pullback, I'm looking for a bounce off of the EMA 26. Short term, targeting the FIB 1.62.
Mid-term, I'm going to be targeting $120 +/-
Good luck!
KSM USDT What we see now :
1- the price at79.9 $
2- the support level at 68. 40 $
3- the price cross ATH
4- there is 3 positive buy signals
What we do now :
i see it is a good position to take a deal at this level with some risk what ever we have to follow the robo sell signals
TRADE WITH YOUR OWN RESPONSIBILITY