KSMUSDT.P trade ideas
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Kusama broke down this triangle📐 and I think there is chance for run to 15 and even lower which would mean -33% loss of value from current price. Setting SELL LIMIT order to previous range low to catch🎣 the pullback.
ENTRY : local low @ 24.00
STOPLOSS (SL) : local high @ 26.08
TARGET (TP) : height of the triangle projected from midpoint of the local range (SELL LIMIT - STOPLOSS) @ 15.00
REWARD RISK RATIO (RRR) : 4.43
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
KSM/USDT | On Verge of Historical Breakout 🧐
#KSM/USDT (Update)
Seems like Bottomed out & Ready to Bounce Back.
Forming Falling Wedge Pattern in the Weekly timeframe.
Looks Promising for the Midterm Hold, +460-520% Profit Potential.
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KSMUSDT 4HKUSAMA was one of the most massacred in 2022. From January 2022 to December it dropped an unbelievable 94.66%. KSM has the highest octane rating with a large amount of computational codes.
At the moment it is on the lower edge of the formed wedge, and should make a pulbak towards the channel median at 23.93.
The MM100 exerts a force on the assets and at the moment it is at 27.13, which will also be a resistance.
Here are the supports and resistances:
S: 22.42 / 21.73
R:23.87 / 25.17 / 27.13
KSMUSDT | PARALLEL CHANNELKSM has been trading in a bullish parallel channel . The price is making higher highs and higher lows.
Currently it is trading at lower boundary of channel.
The bulls need to hold the lower boundary of channel.
While bears will be active below the support.
Trade your levels accordingly.
KSM +100% on Spot? The asset looks great from a growth perspective. Fundamental hasn't been studied. I am writing only about the Technical side of the chart.
On the log chart I see the global trendline and the levels that will be "closed" during the potential growth.
Agree? Please write you opinion below.
Market Analysis Every Day!
KSM: Falling Wedge Breakout!Trade setup : Bullish breakout from Falling Wedge pattern, which can be a reversal pattern once price breaks out. For breakout confirmation, wait for price to break above $35, with upside potential to $45 resistance (also 200-day moving average). (set a price alert).
Pattern : Falling Wedge typically results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend : Neutral on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $25. The nearest Resistance Zone is $35 (previous support), then $45, and $70.
$KSM - Falling Wedge broke out, what next !Hello my Fellow TraderZ,
Finally we see here #KUSAMA $KSM is breaking out of the FALLING WEDGE Pattern on the DTF.
Volume for the Breakout candle is quite good.
However, seems like #CRYPTO is seeking for some sort of pullback here, so I've mentioned two of the ways $KSM can follow here.
Keep your eyes at this one.
Happy Trading. CHEERS!!!