As the previous movements show an upward trend, a correction is essential. but it's pretty hard to say the bulls are tired or the direction is changing. So in my opinion as I marked on the chart, a sell order at this current price and another buy order on the marked (long) point is probably achievable and profitable. BINANCE:KSMUSDT
What we see now :
1- the price at79.9 $
2- the support level at 68. 40 $
3- the price cross ATH
4- there is 3 positive buy signals
What we do now :
i see it is a good position to take a deal at this level with some risk what ever we have to follow the robo sell signals
TRADE WITH YOUR OWN RESPONSIBILITY
Hey guys Here's a perfect and promising chart for Kusama Complete and simple TA !
Also, on the FA side, it's simple, every projects of The Polkadot Ecosystem will Pump at least 2-3x in the following months around mid Q1-2021 because of the DOT Parachain lauch and each projects has a really bullish roadmap. Especially Kusama, which is in reality polka's testnet...
We are seeing an ascending channel formed on the uptrend.
I believe we will see a Head & Shoulders pattern formed within this channel for a small pullback before breaking the channel to go up. We are currently in price discovery and I'm not seeing any reason for a slow down. This is always fun, bc if you buy right you can just trail your SL or TTP...
KSMUSDT - risky but beautiful possible setup
Ksm made an incredible run to the upside. Literally too much, therefore this is obviously a very high risk setup
Now, seems to break out further to the upside.
The strong support is around 45.
Target of this move would be 79, 84 and 99.9
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KSMUSD D1: BEST Level to BUY/HOLD 125% gains(SL/TP)(NEW)
KUSAMA is printing a price action within a falling wedge. It got rejected 2 times from 200 SMA but this time it might be different. It is the holidays and there is not enough volume on the market so the pattern might change in a second.
KSM or Kusama has done a rare chart that I have not seen in a while. It's been moving up on this support line since March 2020! Any buy when the price touched the support line was an instant profit, EVERY TIME. I count at least 12 times.
So for how long can this momentum last? I believe we still have fuel in the tank that can propel us to $150 and once pass that...
Kusama is the biggest alt project of the Polkadot ecosystem and is showing some strenght together with DOT lately.
My personal guess is that this one might become a banger in the coming months. Technically the price formed a support at previous high time frame resistance (S/R flip).