KSM 1168% potential! Yeet!Hello traders,
I put some targets together and a potential fractal that would be amazing if it played out on this coin that seems pretty legit!
Enjoy, and have a green week!
Fundamentals below!
Savvy
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Fundamental Analysis
KSM Price Live Data
The live Kusama price today is $330.26 USD with a 24-hour trading volume of $154,103,042 USD. We update our KSM to USD price in real-time. Kusama is down 0.87% in the last 24 hours. The current CoinMarketCap ranking is #62, with a live market cap of $2,797,308,796 USD. It has a circulating supply of 8,470,098 KSM coins and the max. supply is not available.
If you would like to know where to buy Kusama, the top cryptocurrency exchanges for trading in Kusama stock are currently Binance, Mandala Exchange, OKEx, CoinTiger, and Huobi Global. You can find others listed on our crypto exchanges page.
What Is Kusama (KSM)?
Self-described as "Polkadot's wild cousin," Kusama is an experimental blockchain platform that is designed to provide a massively interoperable and scalable framework for developers.
Kusama is built on Substrate — a blockchain building kit developed by Parity Technologies. Kusama has almost the same codebase as Polkadot — one of the most successful interoperable blockchains.
By deploying on Kusama, fast-paced projects gain access to a highly scalable, interoperable sharded network, with features that are not yet available on Polkadot. To that end, Kusama describes itself as a “canary network.”
The platform is designed to provide a testbed for developers looking to innovate and deploy their own blockchain and can be used as a preparatory network before launching on Polkadot — though many projects opt to stick with Kusama for their final product.
Kusama benefits from a low barrier to entry for deploying parachains, low bond requirements for validators, and is most commonly used by early-stage startups and for experimentation.
Who Are the Founders of Kusama?
Kusama was built by the same team that created Polkadot, a company known as Parity Technologies. Its founder is Dr. Gavin Wood, a world-renowned computer scientist and programmer, who also co-founded Ethereum.
Parity Technologies has an extensive team comprised of some of the world's most successful blockchain engineers, and has over 100 employees in total spread throughout the world.
In addition, Kusama is funded by grants from the Web3 Foundation, which was launched to help "nurture and steward technologies and applications in the fields of decentralised web software protocols." The Web3 foundation also supports Kusama with research and community development thanks to its growth team.
What Makes Kusama Unique?
Kusama is unusual among blockchain platforms since it is predominantly built for developers that want to launch bold, ambitious projects, with a fast-evolving pace of development.
It is built on a multichain, heterogeneously-sharded design that uses a nominated proof-of-stake (NPoS) consensus system — an alternative consensus mechanism to the energy intensive proof-of-work (POW) scheme employed by several other blockchains.
This system enables it to perform rapid on-chain upgrades without a fork, and support cross-chain message passing (XCMP) to enable communication with other parachains on the Kusama network.
Like Polkadot, Kusama features on-chain governance capabilities. This on-chain governance is both decentralized and permission-less, allowing anybody with Kusama (KSM) tokens or parachain tokens to vote on their respective governance proposals, which might include putative upgrades, changes to the protocol, and feature requests. This on-chain governance procedure is roughly four times faster than that offered by Polkadot, with a combined voting and enactment period of just 15 days — leading to the rapid pace of development for projects built on Kusama.
The project serves projects that want to hit the ground running, launching updates and improvements without the need to implement a fork to do so — thereby ensuring maximum community cohesion.
KSMUSDT trade ideas
KSM (kusama) bullish set-upKSMUSDT is looking bullish as it established a strong support above 392 and ready to march towards 480.
KSM is currently undergoing ABC correction. Presently, we are riding the B impulsive wave and found a stable support above one of the strong previous swing lows at 392 level. As long as we stay above this price , it makes sense to target 480. Nonetheless, if we see a throwback to anything lower than 392 with a couple of 4hr candles below, it means that the C corrective wave of the ABC correction is playing out, in which case the trade gets invalidated and gives us a fantastic chance of entering KSM at a discounted price.
If we remain strong and have a daily close above the ATH , we can expect new ATH's going forward.
KSM/USDT analysis on 4H Time FrameKSM/USDT is on trend line which show neutral behavior either break trend line then opening a short position is a good option for profit and if not break the trend line we have a good long opportunity for profit..
Always do your own research before going to trade this is not a financial advice
KSMWeekly structure break and retest (check comments for weekely chart), solid higher low trend and rejections from the trend line. Price testing and rejection 21-25EMAs.
Along with the technical perspective, KSM is also riding on the momentum of the DOT ecosystem currently. Very bullish chart all things aside.
Trade Targets = Fib Levels, however this seems to be a great entry/add area long term.
KSMUSDT UPDATEWhile BTC dumps as we projected in our earlier analysis, now is the time to be looking at which alts next to capitalise from during this DIP.
KSM broke out above the corrective downtrend and is now making a retest, there is a large area of liquidity from buyers below the trendline i would like to see this removed then we will consider looking for a entry to long,
KSM in the flag pattern.Parachains are up and running and Dot is on the verge of Price-discovery; Kusama is Bullish than ever!
It's currently unlikely to break the resistance
Now is the time to buy and hold. But when it was in the support zone.
personally have already bought it and as long as it's on this Sideway channel, I'll buy more KSM within the support range and sell some of them in the resistance Until it breaks resistance upwards.
Please Note: Nothing is certain and the final decision is Bitcoin! So always put SL or take some profit.
KSM/USDT : Cup and Handle formed, $660 is programmed !BINANCE:KSMUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#KSM has formed a Cup and Handle here, Also there is a breakout on the higher resistance zone.
- We had failed breakout earlier but this time might have more proven bullish momentum because of Cup & Handle.
📑 Target of the pattern will be 227 unit growth and it'll give us the minimum target of $660 ( 52% growth ).
- Also FIB extension's target on 0.50's level is located near above to $660 !
But what is Cup & Handle and how it works ?
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
The pattern's formation may be as short as seven weeks or as long as 65 weeks.
It is worth considering the following when detecting cup and handle patterns:
- Length: Generally, cups with longer and more "U" shaped bottoms provide a stronger signal. Avoid cups with a sharp "V" bottoms.
- Depth: Ideally, the cup should not be overly deep. Avoid handles that are overly deep also, as handles should form in the top half of the cup pattern.
- Volume: Volume should decrease as prices decline and remain lower than average in the base of the bowl; it should then increase when the stock begins to make its move higher, back up to test the previous high.
🔴 On this such charts, You can set your SL below the broken resistance zone as 2-3 candles close to avoid the LOW R:R and possible Stop-Hunts !
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Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades