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...
The following are machine translations:
KSM, 4-hour chart head and shoulders bottom pattern plus indicator macd golden fork and RSI indicator break through neutral 50, target 50+
The following content is machine translated:
On the 4-hour chart, the right shoulder is currently forming.
Indicators macd and RSI are bullish trends.
Summary: The head and shoulders bottom pattern + bullish indicator is comprehensively bullish, with a target of 51-55. If it falls below 45.9, the pattern will fail.
The following are machine translations:
In the 4-hour chart, this wave of decline has formed a downtrend line, which is currently a rebound and blocked by the downtrend line on the way down, and there are signs of decline.
The indicator macd belongs to the rebound of the bearish trend, and the bullish energy column begins to shrink. The RSI indicator rebounded to...
Hello Traders!
KSM continues its downward movement. Currently, the price is testing the support level of $44.00.
Closing under $44.00 will trigger a further continuation of the downfall. The result of such movement will be the price exit to $16.82
Medium-term purchases can be considered at $16.82 - $25.93.
The targets for such purchases will be the price...
The following are machine translations:
In the 4-hour chart, a period of correction formed an upward trend line in the shock of stopping the decline on May 27. After a wave of pull-up, the callback reached the upward trend line again. At present, there are signs of a rebound from the fall, which is bullish.
The macd indicator is in a divergent state, and the...
The following are machine translations:
The 4-hour chart shows that the continuous downward trend has ended, and it is starting to rebound. The rebound process is a shock and upward movement. On the way, rising support and resistance are formed, and the combination forms an upward channel.
In terms of trading, the rebound is mainly based on long positions, and...
KUSAMA chart further to your request and a chart we prefer to go short on at the moment.
Kusama has previously offered us great moments, first on the rise and later on the way down.
given that we are Long on BTC , Solana and others we do need a 'weak link' to short and this will now be Kusama.
40$ would be a level we could be tempted to Buy again.
After all,...
