Kusamaperp (Y21.P1.E1).Support confirmedHi All,
Double touch on the previous resistance is minimum for confirmation of support.
The fact that this is also associated with the DOT project gives it extra weight to go up.
Since its relatively new, it will be difficult to put targets but here I try from a bullish perspective.
All the best,
S.SAri
ref Avaxperp.chart
Kusamapriceprediction
Kusama's a hidden gem !honestly, I am kind of sad to see that people are underestimating Kusama because they'll miss out on something amazing and that will make 'em lots of profits, this is the only
coin I always have a bag of, 'cuz I know one day ( when it'll be at 3-5k ) I will be glad to have them. Let me know what you think about long-term potential of KSM.
That aside, I hope you'll enjoy the chart I made, everything is explained in details on the TA !
Stay safe beautiful people! don't forget to leave me a suggestion for a future TA down in the comments if you want a TA of a specific asset :D
Short idea - KSM/USDHello!
Lets look at Kusama (KSM/USDT)
After huge bull run it needs good correction. First key level for short position is around $16.5.
The last strong movement began from this numbers.
This trade has an excellent risk / reward ratio 11/1
Script settings for 4H timeframe:
· Signal calculation type - "hl2"
*Based on new beta version ATS
The release will be next week
Kusama Price Prediction: KSM/USD Bulls Remain Relentless
Kusama rallied to highs of $73.85 on Wednesday but failed to sustain the gains, leading to a reversal to $40.
KSM/USD could remain pivotal at $50 following a shallow recovery supported by the Ichimoku cloud.
Kusama is among the best-performing cryptocurrency in the market, especially if August is taken into consideration. Moreover, the massive bullish action seems to have extended into the first week of September owing to the fact that KSM rallied to $73.85 on Wednesday.
The spike above $70 was incredible but not sustainable. Kusama formed a long candle wick that led to a sharp decline to levels just above $40. Intriguingly, the price remained above the Ichimoku cloud which gave the crypto a boost, leading to a comeback that has been able to above $50.
At the time of writing, KSM is dealing with higher seller congestion at $50 while exchanging hands at $49.93. The price is likely to remain pivotal at $50 owing to the fact that the Relative Strength Index (RSI) leveling slightly above the midline.
Consequently, staying above the Ichimoku cloud gives buyers hope that recovery is still possible. In this case, buyers must capitalize on the consolidation to create more entries and volume for gains above the next hurdle at $60. This will curve a path for Kusama to advance to higher levels above $70.
For now, establishing support above $50 remains key among the bulls. However, in the event buyers are overwhelmed, a myriad of support levels exist at $40, the 100 SMA ($36.6), $30 and the primary buyer congestion zone at $20.
Kusama Intraday Levels
Spot rate: $50.05
Relative change: -5.47
Percentage change: -9.35
Trend: Short term bearish bias
Volatility: Low