Long Idea on KSMok, I need to describe the damn thing, I came in, I just believe in the high season now (I will duplicate the description in coins that I will take)
KSMUSDT trade ideas
KSMUSDT.1DIn this professional analysis of the Kusama (KSM)/USDT daily chart on Binance, I'll delve into the current technical setup and evaluate potential future movements based on the observed price action and indicators.
Price Action and Support/Resistance Levels
The current price of KSM stands at approximately $26.39, with a recent loss of 5.48% on the day. The chart identifies significant resistance levels at $34.72 (R1) and $47.90 (R2), as well as support levels at $23.37 (S1) and $15.29 (S2). These levels are crucial for understanding potential bounce-back points or further declines.
Technical Indicators
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line and close to the zero line, indicating a lack of strong momentum and leaning towards bearish territory. The proximity to the zero line suggests a potentially weaker trend or a consolidation phase.
RSI (Relative Strength Index): The RSI is below 40, which typically indicates bearish momentum and shows that the asset might be approaching oversold conditions. This could potentially lead to a rebound if buyers step in near key support levels.
Market Sentiment
The overall market sentiment, as reflected by the technical indicators and recent price action, suggests bearishness in the short term. The significant drop in price, combined with the current positioning of the MACD and RSI, indicates that KSM may continue to face downward pressure.
Conclusion
Considering the bearish signals from both the MACD and the RSI, as well as the current price level nearing the first support at $23.37 (S1), KSM appears to be in a vulnerable state. If this support level holds, there could be a potential for a short-term recovery towards R1. However, a break below S1 could lead to further declines towards the more substantial support at S2. Given this outlook, traders should keep a close watch on these support levels and adjust their strategies accordingly, perhaps setting stop-losses to manage risk effectively in a volatile market. This analysis underscores the importance of vigilance in monitoring further developments and being prepared to act based on key technical levels and indicator signals.
Long signal for KSM/USDTThis technical analysis is based on the daily chart of KSM/USDT on the Binance exchange. This analysis draws two price channels and evaluates support and resistance levels.
Price Channel Analysis:
The previous bearish channel is broken out, and a bullish channel is formed.
The suggested entry point is around 28.93 USDT.
Entry and Exit Points:
Entry: 28.93 USDT
Take Profit: 38.28 USDT (32.28%)
Stop Loss: 26.70 USDT (7.72%)
R/R Ratio: 4.18
Conclusion:
This analysis suggests that by adhering to the specified take profit and stop loss levels, a successful trade can be achieved. The Reward/Risk Ratio for this trade is approximately 4.18, indicating a highly favorable risk-to-reward scenario. To manage risk effectively, it is recommended to strictly follow the stop loss level.
KSMUSD 1WKSM ~ 1W
#KSM Start making purchases gradually from here. this is an important support block that is very attractive to start accumulation again.
KSMUSDT-Falling Wedge Pattern#ksm/usdt
A falling wedge pattern has formed and If NYSE:KSM succeeds in breaking out from this pattern, a bullish rally towards $44 is expected📈
KSMUSDT 1D#KSM is moving inside a falling wedge pattern on the daily chart and it has broken the MA50. In case of a breakout, the targets are:
$38.40
$42.76
$47.11
$53.31
$61.21
KSM short setupConsidering the bearish CH and the liquidity pools at the bottom of the chart, it seems that KSM intends to move towards the specified demand.
supply is a good place for sell/short positions
By maintaining the supply range, it can drop the demand side.
Closing a daily candle above the invalidation level will violate this analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
KSM: Approaching ResistanceTrade setup : Price remains in a downtrend. Following a bullish breakout from a Channel Down pattern, price reached $33 resistance for a +10% gain. If it breaks above that $33 level, it could revisit $38-40 next, for +20% potential upside. Overall, price remains in a downtrend until it breaks back above that 200-day MA (~$38).
Pattern : Price is Approaching Resistance, which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Neutral, Medium-term trend is Neutral and Long-term trend is Strong Down.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $27.00, then $22.00. Nearest Resistance Zone is $33.00, then $40.00.
KSM ???Hi.
BINANCE:KSMUSDT On Kusama we have a breakout from a descending triangle pattern and a retest is currently in process 👨💻
⚠️Anticipating profit gains of over 60% in the coming days.⚠️
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
KUSAMA FROM ALL TIME HIGH - ALT SEASON - 2ND SCENARIOHere is what the second scenario look like for KUSAMA. Unlike the first this show that price has not finished the impulse wave going downwards and we might see price create another low around $13 and that is also a perfect point for either re-entry or DCA. from that point to the golden level 50% Fibonacci, there is over 550% gain. PREVIOUS ANALYSIS
Alikze »» KSM |Upward wave 5 scenarioAccording to the analysis of the previous post, both targets are touched with the support of $40. Again, after touching the bottom of the channel, there is a demand that will be able to break this supply area to the $59 range. But in the daily and weekly time, it is in the 5th rising wave, which will at least have the ability to reach the previous supply range or the previous major ceiling. After completing this cycle in the weekly time, if the $100 area is broken, its path will be paved to the $250 area to continue climbing.
🟩Sup:50
⛳️Tp 1:59
⛳️ Tp2 : 64
⛳️ Tp3 :81- 87
»»»«««»»»«««»»»«««
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KSM/USDTThe bullish butterfly pattern is a specific type of harmonic pattern seen in technical analysis, primarily used by traders to predict potential trend reversals in financial markets. It is considered a variation of the standard butterfly pattern but is identified by specific Fibonacci ratios and price structure.
Here's how the bullish butterfly pattern typically forms:
1. **Initial Move (X to A)**: The pattern starts with a significant price move, labeled X to A. This move can be either upward or downward, but for the bullish butterfly pattern, it usually begins with a downward move.
2. **First Retracement (A to B)**: After the initial move, there is a retracement, labeled A to B. This retracement typically reaches the 0.786 Fibonacci retracement level of the XA leg.
3. **Second Move (B to C)**: Following the retracement, the price resumes its move in the direction of the initial move, labeled B to C. This leg typically extends to the 0.382 or 0.886 Fibonacci retracement level of the XA leg.
4. **Final Retracement (C to D)**: After the completion of the BC leg, there is another retracement, labeled C to D. This retracement typically reaches the 0.786 Fibonacci retracement level of the AB leg.
5. **Completion Point (D)**: The bullish butterfly pattern completes at point D, where the final retracement (C to D) terminates. Point D typically forms at the 1.618 Fibonacci extension of the XA leg.
Traders who recognize the bullish butterfly pattern may consider it a potential buying opportunity. They might look for additional confirmation signals, such as bullish candlestick patterns or bullish divergence in momentum indicators, before entering long positions. As with any trading strategy, risk management and proper position sizing are essential when trading harmonic patterns like the bullish butterfly.
#KSM/USDT#KSM
We have a bearish channel pattern on a 4-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards in a strong manner.
We have a green support area at 26.00
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that supports the price higher
Entry price is 28.30
The first goal is 30.31
The second goal is 33.14
the third goal is 36.00
Kusama (KSM) completed a setup for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of Kusama (KSM) coin with US Dollar pair.
Our last successful trade of KSM was the below one and it was almost 20% pump:
Now on 2-hr time frame, KSM has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
The beginning of the upward trend of the KSM currency#KSM time 1W currency analysis
Considering the favorable chart conditions and the creation of the classic inverted head and shoulder pattern in the weekly time, we can expect a good growth from the created support range of $25, and the long-term price target is the resistance level of $200.
KSMUSD 1WKSM ~ 1W 📈
#KSM We Found a H&S Pattern Formed Here. Gradual buying is the best way to follow this bull pattern.
KSM (KUSAMA) - [Shorterm] 30M Breakout from TimelineLong setup valid if price go to golden zone and bounce, 2.8R setup.
KSM Long SetupKUSAMA (KSM) already break two resistance, now going back to pullback and possible to retrace to fibonacci golden zone, and if reached the golden zone and there is a good sign of bullish candle , the long setup will bi valid.
KSM LOOKS BEARISH (1D)KSM with wave C can sweep the liquidity pools on the left side of the chart and reach the green box in the coming days and weeks.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
#KSM/USDT#KSM
The price is moving in an upward channel on a 1-day frame and we have a support area in green at the 34 level
We have a higher stability moving average of 100
Now we have a nice breakout coming up
Our RSI indicator has a well reliable upward trend
Entry price is 58.70
The first goal is 62.42
The second goal is 68.53
The third goal is 75.43
#KSM/USDT#KSM
The price is moving in a bearish channel on a 4-hour frame.
The price is moving within it and adhering to it to a large extent. We have a support area in green, from which it rebounded at the $40 level.
We have a higher stability moving average of 100
We have a downtrend on the RSI indicator that supports the rise and is about to break higher
Entry price is 47.38
The first goal is 47.00
The second goal is 52.00.
The third goal is 58.00
Kusama (KSM) $USDT - KSM Support at: $49.45 has been broken twice, but still waiting for a weekly candle to close above the Level of Support.
$64.18 is a heavy Resistance that has had mutiple candle wick rejections to retest Kusama Level of Support area.
*Current target of= $73.23 after we close above Line of Resistance!!!
