KSM: Bullish Descending Wedge + 4H Hidden Bullish Divergence KSM has formed a bullish descending wedge structure that should begin to consolidate sideways and then breakout to the upside considering we are above the 0.5 Fib Retracement line which is where you look for bullish chart patterns for a continuation of previous trend which is up.
The other noteworthy chart pattern a trader should look for is Hidden Bullish Divergence - which we have found on the 4H chart.
Also - something positive to see is that a previous descending wedge with Hidden Bullish Divergence occurred in February which had a consolidation period before breaking up near 70% of the pattern completion which we are at now in the current descending wedge pattern.
KSMPERP trade ideas
KSM: Bullish Descending Wedge PT1 $540KSM is in a bullish descending wedge structure on multiple timeframes and a breakout if it is to occur - which I have high confidence in considering BTC printed a 5D DragonFly Doji candle on June 10th and should last with bullish momentum for the next 3-6 5D candles.
The first target is the top of the wedge structure at $540. From here we will have to revisit our assumptions and re-evaluate BTC.
The Fibonacci Timezone suggests that June 20th is a key date and could be when we see the PT1 hit for KSM.
At current prices this trade offer 46% upside in a matter of days if target is met.
There is also Hidden Bullish Divergence on daily TF still - price made a higher low and RSI made a lower low.
KSM: Hidden Bullish Divergence Daily TFKSM's price is printing a high low on Daily TF while the RSI is showing a lower low. We can now expect a new peak to be formed (yellow box)
The most ideal place where a hidden bullish divergence can occur is at the end of a downtrend which is exactly what has happened since the June 9th downtrend!
As long as BTC holds steady expect this to play out to the upside
KSM: Extremely Strong Buy Zone As long as BTC doesn't dump hard here KSM is in an excellent position if you haven't bought in yet or if you want to add to your positions... this is imho one of the more wildly undervalued projects in the entire crypto space along with PolkaDot (DOT).
KSM and DOT are essentially the same except KSM is 4x faster (and has 1/10th of the supply) in its relay chain speed but both will scale to 100k TPS with parachains (launching literally now) and eventually up to Gavin Wood's theoretical limit of 1M TPS all without layering solutions.
KSM is the EXTRA entrepreneurial version of DOT.
Strong Buy Zone
Buying b/w here $390 and $375 is a VERY safe long if you're going to swing trade this but even better if you're going to HODL for the long-term. The orange lines drawn are two zones that KSM previously visited in a consolidation period that lasted 1-2 days before rocketing higher. Expect a very similar move as the market mispricing in the fundamentals of KSM and DOT combined - there are some large players accumulating KSM and DOT as can be seen on the daily volume and 4H charts since the selloff in May began.
I'd pepper your buy orders with limits b/w these 2 zones and even buy some spot here as it may not reach my lower targets over next 1-2 days. Remember anything can happen - DYOR!
KUSAMA- On Support and looking ready to reboundKusama update, the price is on support so technically this is a great time to buy.
Remember, if it dips under support you might wanna get out!
the FXPROFESSOR
KSM: End of Cycle Target $6400 Using Hash RibbonsThe last time KSM produced this buy signal it moved nearly 1000% from ~$60 to $630 over 167 days. KSM is about to produce another Hash Ribbons Blue Circle Buy signal in the coming days and if we were to take the same prior period move and overlay that over today's prices KSM could potentially touch $6,400 / token over the next 167 days if history were to repeat by early November 2021.
It's likely it won't equal the same percentage move but there is a strong chance we will see a major move in the multi-hundred percent ROI bucket. Even at 6,300 KSM would only have a market cap of nearly $35 Billion. Considering it is the first parachain network to run on PolkaDot and many of the major ecosystems will run through Kusama first, it's not unreasonable to see some market cap in this range assuming the 2nd leg of the BTC bull market is underway and will have another top around the same period.
Kusama (KSM) - June 14Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(KSMUSD 1W Chart)
If the price holds above the 225.6 point, it is expected that the uptrend will continue.
(1D chart)
We need to see if we can climb above the 446.04476388 point.
If it goes down, you should check to see if it finds support at the 385.17484804-431.48384663 zone.
If support is found at the 385.17484804-431.48384663 zone, I expect the uptrend to continue.
If it falls in the 292.55684530-317.17777246 section, Stop Loss is required to preserve profit and loss.
However, it may follow an uptrend line, so you need to trade cautiously.
--------------------------------------
(KSMBTC 1W chart)
We need to see if we can continue the uptrend along the uptrend line.
If the price holds above the 0.006193-0.007310 range, we expect to maintain an upward trend.
The 0.004715 point is an important point and it is important not to decline from this point.
(1D chart)
Having completed a double top, I think the downside is more likely.
Accordingly, careful trading is required.
If you fall from the 0.010649 point, you need a short stop loss.
However, caution is advised as it may touch the 0.009502 point and move upwards along the uptrend line.
If it falls in the range of 0.006898-0.007549, Stop Loss is required to preserve profit and loss.
If it rises to the 0.014710-0.015361 section and finds support, it is expected to set a new direction.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
KSM: PT $675 by Mid-June / $900 by Late June KSM is on schedule to release some of the most advanced technology on the market and the large institutional money is flowing into both DOT and KSM.
KSM is only $3.4B market cap and has a lot of room to run to be properly priced - right now the market is not really aware of the potential of KSM but there will be several large auctions launching over the next 2 weeks on KSM that will raise lots of attention to the network's value.
KSM Parachain Auction Schedule per below:
2021/06/15, 12:00 GMT: First Kusama Parachain Slot auction commences. Bids may be placed.
2021/06/17, 09:00 GMT: First Kusama Parachain Slot auction ending period begins. Only bids made prior to this point will certainly be considered in the final result. Bids made following this point have a linearly reducing chance of being considered.
2021/06/22, 09:00 GMT: First Kusama Parachain Slot auction bidding ends. No bids may be made on this auction following this point.
2021/06/22, 11:00 GMT: First Kusama Parachain Slot auction winner selected. The auction winner is determined as the highest bidder at some randomly selected point over the past five days.
2021/06/22, 12:00 GMT: Second Kusama Parachain Slot auction commences.
2021/06/29, 12:00 GMT: Third Kusama Parachain Slot auction commences.
2021/07/06, 12:00 GMT: Fourth Kusama Parachain Slot auction commences.
2021/07/13, 12:00 GMT: Fifth Kusama Parachain Slot auction commences.
medium.com
Technicals
1) There's Hidden Bullish Divergence on the 4H chart of KSM - Price has made a higher low while the RSI oscillator is making a lower low.
2) Daily MACD has a bullish cross
3) Daily EMA ribbons are all bullishly crossed (not many cryptos have even a single daily EMA bullish cross)
-This is looking ripe for an ATH high to be made in the next few days - I've made an illustrative path the price could take to end of June - don't take it as verbatim. Anything can happen!
I'm also equally bullish on DOT (see chart below)
KSM Kusama -Let's go to 500 🗾🗻Our updated chart on KUSAMA KSM. Price is nicely over support, that is a beautiful cushion for a nice risk/reward trade we are taking today.
Target is 500..or higher.
Let's hope Bitcoin helps (at least to go sideways if no rise) and KUSAMA can fly again
the FXPROFESSOR
Let the Canary Fly! Bullish on KSM.I've never been more bullish on Kusama (KSM). For those of you not familiar with the Polkadot ecosystem, Kusama is Polkadot's wild cousin or its canary network. Basically, Kusama has nearly the same codebase as Polkadot, but the main purpose of KSM is to be the proving ground for projects before they can deploy on Polkadot, kind of like a test network. For full comparison, you can check out this article: polkadot.network
Why I trade/invest in Kusama? (doesn't necessarily mean you should too, none of this is financial advice)
Fundamental Analysis:
-Parachain Auctions are coming. This will cause an increased demand once the auction starts and also a supply shock since the projects are required to lock those KSM up. (This is too long to fully explain so DYOR on this. There are videos on Youtube that provide simple explanations about parachain auctions.)
-If you're bullish on Polkadot, you have to be bullish on KSM too. A robust DeFi ecosystem, that could be up to par with Ethereum's, has already started building on both.
-Had higher ROI so far compared to it's cousin Polkadot. My guess is some people have only started to realize just how important KSM really is to the DOT ecosystem, rather than just a simple test network.
-Has a lower circulating supply and inflation rate. KSM has 8,980,098 circulating tokens compared to DOT's 996,120,387; and has an annual inflation rate of ~10% compared to DOT's ~12%. Some sites like Coingecko say it has a max supply of 10M, but I couldn't find an official source for that though.
Technical Analysis:
By looking at this log chart, we can see that KSM has respected this ascending channel ever since. The upper trendline has acted as strong resistance and we've only seen a fakeout once before its recent all-time high, while the lower trendline has been acting as strong support and just recently got tested again as support during this correction. I expect for KSM to have another go at the upper trendline within the next couple of weeks.
Additional bullish indicators:
-We could clearly see a hidden bullish divergence which is a bullish continuation indicator. (green lines)
-21W SMMA acted as support and we are currently trading above the 21W EMA. A close above 21W EMA this week will make it even more bullish.
That's all I have for now, and as Kusama's taglines go: "No promises. Expect Chaos."
Good luck on your trades!
KUSAMA- Also an Option for attempting a reboundUpdate KUSAMA chart. On support.
again, please be careful, the markets are volatile and nasty. Attempt to buy with care (stop loss under support, just in case) and with a reasonable Take Profit Level.
the FXPROFESSOR
KSM - $900KSM is currently trading above the support zone of $375 and below the resistance zone at $475. If KSM can break this support, we could start seeing a move towards $522, $650 and $933. Failure to hold the support at $375 could lead to a drop towards $349 and $271. A good idea would be to place long orders at the support of $375 or after KSM breaks the resistance of $475 with a stop loss a little below the support zone of $375.
Kusama (KSM) - More Bullish PA to Continue?Daily Chart - Long Term Outlook!
We can see price hovering around the 400 USD mark, at a key previous level in price.
Will we see more bullish PA on this coin? We have seen KSM perform better than most coins as of late.
What coins are you trading in the crypto markets?
KSM- Kusama TargetsI have never invested in Polkadot directly but Kusama has worked perfectly well for me twice before.
Time for number 3?
The fundamentals look GREAT and the chart agrees.
Kusama calls itself the canary network of Polkadot. So, what is a canary? It is a type of bird that coal miners used to check if it was safe to enter the coal mines. Kusama works quite similarly for Polkadot. As we know that Polkadot is becoming quite popular among blockchain developers, so Kusama is a perfect option for them to test their applications before launching them on Polkadot.
Bounce expectedBulls will want to defend MA50-100 cross formation, strong support at 270, parachain auction to fuel the narrative/fomo
KSM SHORTIf you like my content, please subscribe to me on Tradingview.
If you don’t, please be kind and don’t be mean as everyone has their unique perspective on trades.
------------------------------------------------------------------
Why subscribe to me?
- Simple Entry Points
- Simple Exit Points
- Simple chart break downs
- No junk on charts
------------------------------------------------------------------
RISK DISCLAIMER:
Not a financial advice. This is MY Speculative setup. Do your own due dilligence.
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is suitable for you.
As such, take my posts as a form of entertainment and NOT Financial advice.
As Markets can always change due to factors, Always be prepared to take profits off the table and run with free money.
-----------------------------------------------------------------------
🔸 Summary and potential trade setup
Short KSM 4hour chart
::: Point Of Entry – 289
::: Point Of Exit – 103
::: Period : One/ Two week period from date of post
::: Potential : Approximate 60% profit depending on Point Of Entry
--------------------------------------------------------------------
RISK DISCLAIMER:
Not a financial advice. This is MY Speculative setup. Do your own due dilligence.
If you like my content, please subscribe to me on Tradingview.
If you don’t, please be kind and don’t be mean as everyone has their unique perspective on trades.
Thank you
Kusama (KSM) - May 26Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(KSMUSD 1W chart)
(1D chart)
We have to see if we can get support at 292.55684530 and rise above the -385.17484804 point.
If it falls at 292.55684530, you need a Stop Loss to preserve profit or loss.
However, if it does not fall below the downtrend line, it is expected to rise, so careful trading is necessary.
If the rise to 385.17484804-431.48384663 gains support, it is expected to lead to further gains.
--------------------------------------
(KSMBTC 1W chart)
(1D chart)
We have to see if we can make a sidewalk in the 7549 Satoshi-9502 Satoshi section.
In particular, it remains to be seen if it can rise along the uptrend line.
If it falls, we need to make sure we get support in the 6898 Satoshi-7549 Satoshi section.
If you fall at the 6898 Satoshi branch, you need Stop Lsos to preserve profit and loss.
However, it may rise along the uptrend line, so careful trading is necessary.
--------------------------------------
It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
KSM Supply and DemandDont get trapped!
#thatcryptopriceactionbull/beartraplife
Enjoy
P.S. yall ready for hyperinflation... #HODL
