As I delve into the intricate world of chart analysis, I find myself captivated by the timeless beauty of the golden ratio, Phi. With each stroke of my pen, or rather, each click of my mouse, I embark on a journey guided by this divine proportion, seeking harmony amidst the chaos of market fluctuations.
The Fibonacci sequence, derived from Phi, manifests itself...
Hi traders,
We expect Kusama to retest the resistance level at 64.95. We believe that this resistance will act as a resistance and the price will get rejected. So then in my opinion, price will start the downward trend until the previous support level.
Entry level at 64.5 right after the price hits the resistance, our target is at 56.60 the exact previous support...
Not financial advice.
I'm seeing inverse head and shoulders setup with a breakout point of 41.00
So advice would be to buy on the breakout of 41.00 before any entry.
With a clear target of 47.50 to upside.
KSM (Kusama):
- 24h price change: +2.79%
- 7D price change: +12.45%
- Today volume: $2,150,522.26
- Short-term support level: 24.5
- Short-term resistance level: 26.07
- Resonating indicators: MACD, BOLL, RSI
When the MACD, Bollinger Bands (BOLL), and RSI indicators are bullish, there is a higher probability of a bullish trend in the next hour....
ATOM is facing an existential crisis. It rehypothecated its debt, ala Lehmann brother’s, and is issuing a staggering 20–25% APY, with its tokenomics revision. The project, in my opinion, took the spotlight from DOT, during the 2021 bull run. This is why people described DOTas a “nothing-burger” despite the fact that the returns were nearly identical. Both Atom and...
After recently completing a classic head and shoulders pattern KSM seems to be attempting to bottom. The recent low is a relevant area to the December move up, though I was hoping to visit my lower OB, I think with how oversold we are and being in relevant support. This could be a good area to begin scaling in, keeping in mind we are still waiting for confirmation...
Possible idea on the daily, testing neckline as of today. The lower yellow horizontal trend-line was a relevant liquidity grab in 2020 would be a great opportunity to retest but is not necessary. Gray line is my conservative Target based also on a 2020 level on the daily chart. Green are additional order block considerations.
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 has almost the same codebase as Polkadot — one of the most successful interoperable blockchains.
- By deploying on Kusama, fast-paced projects gain...
