KSMUSDT.PS trade ideas
KUSAMA (KSM) Possible Trade IdeaKUSAMA is printing a price action within a falling wedge. It got rejected 2 times from 200 SMA but this time it might be different. It is the holidays and there is not enough volume on the market so the pattern might change in a second.
Bullish on dot? Dont forget Kusama Kusama is the biggest alt project of the Polkadot ecosystem and is showing some strenght together with DOT lately.
My personal guess is that this one might become a banger in the coming months. Technically the price formed a support at previous high time frame resistance (S/R flip).
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KSM - Kusama Making a Break For it? Potential to Buy the Retest?Looking at KSM today, we saw 13% growth in a single candle and have seen the value double over a 30 day period.
If you want to see an "awakened" bullish chart, this is a nice one. Very linear movement until suddenly *POP* it's in volatility land banging off high level resistance levels like it forgot they were there for a day or two.
And interestingly, fairly low volume on the breakout with it further weakening as time goes on. Volume is always a key element of these things, as low volume can open up points for a retest.
Keep in mind the looming spectre of BTC wiping the market with another shakeout.
With these factors taken into account, along with a massively overbought RSI. I'd expect a quick rejection fairly soon, likely at the next marked fib level, back down to top level support. From there we'll have to see where the volume goes. If we get decent support expect it to move right back up again for us and hit the next two targets at least.
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This isn't dating advice. Nor is it financial advice.🤙
KsmusdtHi friends. I think we are in middle of third wave and have buy opportunity to take profit.
My target is between fibo 1.61_ 2.61
Have a good time.
Ksm usdt 27 percent profit is ahead Ksm usdt just broke out double bottom. 27 percent decent profit in this trade can be earned on 4 hour chart.
