KSMUSDT trade ideas
@KUSAMADon't buy at the resistance until confirmation... I took 1, one moth ago, and it was a support, at that time. This is crypto.
KSM - Trade SetupKSM followed BTC just like the other coins and just hit support a few hours ago.
There are two support areas holding the price up and one resistance in the local price zone pushing it down.
THe sell volumes are still there but if the market changes status to Neutral, we might see it consolidate in this price zone.
If the price manages to cross the resistance line, after the closure of the first 4H candle above it, you can open long positions and aim for that TP. but for now? just wait.
Current Market Price: $207
Good Luck
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KSM coin : wait to buy w.3 tp 382$ .for now ksm going down w.2 for rise to w.3 at tp 382$ . cutloss at 156$ .
KSM recovery phaseAfter a big dump, the price of KSM will tend to recover to the zone of $389 - $489 - $599, stoploss below 149$
Balance Of Power From ScratchHello, traders!
As you know it's very important to identify the balance of bulls and bears. Today, we introduce you one of the most pretty and easy-to-interpret tools - Balance Of Power Oscillator.
Balance of Power (BOP) is an oscillator that measures the strength of buying and selling pressure. Introduced by Igor Levshin in the August 2001 issue of Technical Analysis of Stocks & Commodities magazine, this indicator compares the power of buyers to push prices to higher extremes with the power of sellers to move prices to lower extremes. When the indicator is in positive territory, the bulls are in charge; and sellers dominate when the indicator is negative. A reading near the zero line indicates a balance between the two and can mean a trend reversal.
The Balance of Power indicator shows the direction and extent of price change during the trading period. Like most oscillators, the Balance of Power indicator can be used to identify trends, divergences from price, and overbought/oversold conditions. Zero-line crossovers provide buying and selling signals.
Possible Signals
Zero-Line Crossovers
The scale of this oscillator ranges from -1 to +1, with 0 as the centerline. Zero-line crossovers indicate a move into positive or negative territory, and are often used as buy or sell signals. A cross above the center line generates a buy signal, and a cross below generates a sell signal.
The data is smoothed with a moving average in order to reduce the number of whipsaws. An SMA with more periods reduces the number of false crossover signals, but also reduces the responsiveness of the indicator.
While the main signal provided by the Balance of Power indicator comes from zero-line crossovers, it can also be used to determine the trend, look for divergences in price, and identify overbought/oversold securities.
Trend identification
A rising BOP line indicates an upward trend and a falling BOP line indicates a downward trend. The zero-line crossover confirms the trend change.
Divergences with Price
When price makes new highs but BOP doesn't, that is a negative divergence; when price makes new lows but BOP doesn't, that is a positive divergence. These divergences can foreshadow a change in trend.
Conclusion
The Balance of Power (BOP) indicator uses price to measure buying and selling pressure. It determines the strength of the buyers and sellers by looking at how strongly the price has changed, rather than using volume.
As with all indicators, traders should use the Balance of Power indicator in conjunction with other indicators and analysis techniques.
KUSAMA - Big MA Spread - Long OpportunityKSM is in a good configuration to open a long position:
- MA50 reversal
- Break of continuation triangle pattern
- There is a big MA Spread between MA50 and MA200 wich can represents oversell prices.
Requirements to open the position:
- Break the pattern in H4 (closed!)
- Optional: wait a retest on the triangle to get a better entry
Targets:
- Resistance at 270-285
=> at this price the ma spread would be smaller.
Stops:
- Exit if prices break the ascending trend (closed)
Good luck
KSMUSDT LONG TERM STRATEGY ...As the chart illustrates, I assume that ksmusdt can have a strong bullish uptrend...
It depends on the 3 powerful MAs. so don't rush in. wait patiently till the price broke the resistance line and MAs out.
Have a great day >_-
Level to Level - Will focus on this chart $160 Level, liquidity run at the stops $162. June 22 Low, on June 26 on the daily time frame
$177 level, market structure brake on June 27 high with June 28 open, on the hourly
$194 Level, $190 to $194 looks like a liquidity pool, not too sure on a one line level, but used the body of a down hourly candle to create the box, also looks like the mid range of $160 level to $230
$213 Level, Strong S/R, even in Feb and March this was a very busy level, Range Low level, Hourly chart
$233 Level, Looks like the range high of the $213 range also caps the range high from $160, key daily level since 22 Feb
KSM shortShorting KSM from the current price.
1st target - 194 - when the price hits the target I'll move sl to the entry price.
2nd - 179
3rd - 164
4th - 148
If this is a real bear market, I'll start accumulating this asset at ~$40
Not financial advice.
KSM/USDT nice bullish structure has formedthe price is range bounded in smaller timeframe
Bitcoin looks good for short term
alt dominance looks in favor of alts
the price is trying to be above 50 EMA 100 MA can be a resistance here.
KSMUSDT - LONG SETUPKSM since its recent bullish impulse to the upside has provided us with a nice correction, the correction has tested the 0.382 fib with aligns with the previous resistance now support, dropping down to the 4hr timframe we can see this big inverted head and shoulders formation. The market has also broke above this 4hr counter trendline and is now retesting it as support, if we close above the high we should see the continuation to the upside follow.
Kusama KSM Insane Explosive Move SoonHi dear friends, hope you are well and welcome to the new update on Kusama ( KSM ) coin.
The broadening formation:
On the weekly time frame chart, the price action of the KSM coin has formed a broadening formation and now the price action is likely to have a very nice bounce from the support of this broadening formation. Once the priceline of Kusama will start a big move from here then the next touch at the resistance is expected at $500.
Ichimoku cloud:
On the daily timeframe chart, the priceline of the KSM coin has broken down the Ichimoku cloud, and now the conversion line is crossing down the price action to lift it up. Once the price action will cross up the conversion line then the conversion line can cross up the baseline as well which will be a buying signal. We can also observe that there is a bullish cloud above the candlesticks and if the price action is having a bullish cloud above it then it is easy for it to break out this cloud. Because the bullish cloud works as a weak resistance but strong support.
Harmonic bullish Shark pattern:
On the 2-day time frame chart, KSM has formed a bullish harmonic Shark pattern. I have already shared this pattern a few days back when the priceline was in the buying zone of this bullish harmonic move. The buying and sell targets of this pattern are as below:
Buy between: $196.26 to $115.97
Sell between: $276.80 to 446.89
Stop loss of this pattern was as blow:
The maximum extent of the potential reversal zone of $115.97 can be used as stop loss.
The possible profit and loss ratio of the bullish harmonic Shark was as below:
As per the above targets, this trade has a big profit possibility up to 285% and a big loss possibility is 41%. Therefore try to buy it within the potential reversal zone as lower as possible.
Conclusion:
The price action of KSM coin has already bounced from the support of the broadening formation and at the same time, it is taking a bullish divergence from the potential reversal zone of a bullish harmonic Shark pattern. Therefore, we can expect that soon the priceline will also reach the resistance of the broadening formation at $500 level.
KSM SHORT TERM PREDICTIONHello Everyone, If You Like The Idea, Do Not Forget To Support With A Like And Comment .
If You Want To See Any Coins Technical Analyse Put The Name On Comment .
KSM Auctions Is Bullish Attempt In Fundamentals . In Technical Analyze We See Downward Trend Break . KSm Would Like To Do Cup In A Time . Also We Are Sitting On IMportant FIB Lvl Where We Can Get Strength And See Strong Volume In This Days .
Note : Its Long Time Market Dont Allow Good Buy Opportunities To Buy Alts And HODL . Alts Doesn't Have Deep So No One Can Catch The Dip If BTC Break 30K . I'm Going To Add Coins To My Bag Which Entered Long Term Buy Zone With Using Strategy Sell 50% On Every 100% Profit .
Warning : This LvLs Are Gate Of New Session So Don’t Enter Altcoins All In . Personally Planning Bought Alts With 20% Portfolio .
Important : Please Use RM (Risk Management) and MM (Money Management) If You Decide To Use My Ideas, There Will Always Be Unprofitable Ideas, This Will Definitely Happen, The Goal Of The System Is That There Will Be More Profitable Ideas At A Distance
