KSMBTC has recently started a small trend, if we can continue increasing momentum and volume this might prove to be the beginning of a strong move up.
We just recently closed above the 180 EMA, we need to flip this as support, before the move up can be fully established.
Meanwhile we have a strong increase in volume and the start of a new trend, as shown by the...
Starting to DCA my way into KSM with BTC, in the purple zone I will buy more agressively.
First Target for KSM is 0.025 BTC, 2nd is 0.05. Dollar Potential is multi 4 figures.
Fundamentals are strong, Pumpamentals even better. Only 10M supply, Staking Demand. Polkadot explosion.
The price bounced on 0.382 Fibonacci level and now the price is testing 4h resistance. IF the price will have a breakout According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡...
KUSAMA recently had a very strong rally (check my last update) but was overextended very quickly and as said almost fell off my chart.
Now we just came out of a 26% correction and consolidation and we saw strong support coming and quickly pushing KSM out of the traingle.
Currently KSM is retesting support to blast off potentially to a new ATH against BTC but at...
Hello everyone
the purpose of this post is to support my previous trading Idea, if haven't seen it I recommend you have a look at it first(link attached). first let me briefly describe what you are seeing on the chart. In white you can see the price of KSMBTC , while in black that's the set of technical indicators that I'm using. this set is composed of simple...
Hello everyone
the purpose of this post is to support my previous trading Idea, if haven't seen it I recommend you have a look at it first. first let me briefly describe what you are seeing on the chart. In white you can see the price of KSMBTC , while in black that's the set of technical indicators that I'm using. this set is composed of simple moving averages...
The KSMBTC pair is trading around it's ATH level.
If we look at charts we can see a bearish divergence on the daily chart.
We can see higher highs in price but also see lower highs on the indicators.
This is a sign that there's a weakening of the current trend and a possible reversal.
Target for pullback is the green box
Let's see how this plays out.
KSM is one token i'm anxiously waiting for another break out. Inverse H&S played out hitting the exact target now another potential one in play, waiting for a retest or a break out of the resistance.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00361). If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. KSMBTC is in an uptrend and it is expected to continue the trend.
. The RSI is above the uptrend at 68.70.
Take Profits:
TP1= @...
