KSMUSDT.P trade ideas
LONG KSMUSDT | LONG KSM / USDT | Elliott Wave ImpulsiveThis can be an opportunity to take advantage of the last wave of the impulsive Elliott Wave Pattern.
Entry Price: 308.7
Target Profit: 347.7
Stop Loss: 302.6
Ratio Risk / Reward ≃ 6.30
Potential Profit: 12.54%
This could be a good opportunity associated with a margin position as the ratio risk/reward is good.
KSM - Long-term & Short-term RoadMap!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Long-Term:
KSM is trading inside this giant symmetrical triangle in brown.
As per my trading style, I will be waiting for a third swing to form around the upper brown trendline to consider it valid then buy on its break upward. (projection in purple)
Short-Term:
As KSM approaches the lower bound/brown trendline, I will be looking for buy setups on lower timeframes. Any bullish reversal setup like a double bottom, trendline break, and so on...
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KSM/USDTKSM has flipped the RSI trend on the daily chart. However, the price is still unable to break 100 Daily EMA. This gives us nice #BuyTheDip. BTC is looking shaky still in the range between 20 -50 weekly EMA. Therefore watch out for stop hunt no need to rush slowly dca.
On balance volume give's a hint once btc cool of i see KSM doing well
Expected retrace 280 – 297
Key 250$ must hold!
KSMUSDT is testing the resistance 🦐KSMUSDT is testing the resistance after the price had a breakout from the descending channel.
IF the price is going to 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.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
#KSMUSDT 6H Chart
Price recently bounced from the support at $264 and left a 6h demand zone at $274 which is still untested. MACD is still in a bullish territory, RSI is bought and EMAs are turning bullish. i expect price to come back down towards the 6h demand where it should bounce from aiming for the 4h supply at $333.
KSMUSDT is testing the weekly resistance KSMUSDT is testing the weekly resistance inside the 4h channel.
IF the price is going to have a breakdown, According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
KSMUSDT Price Update & TARight now KSM is ranging inside an ascending triangle which is a bullish sign and if break the resistance at 308$ level probably can see a good pump on KSM. the target for this triangle is at 345& and if we see the daily chart it's also forming a falling wedge which is also a bullish sign. levels to watch for resistance are 383$ and 439$. but if it breaks down it could find support at 214$ level.
KSM potential to increase 100% to 190%#KSM/USDT
$KSM hold above long term ascending support that is the same with 0.618 fib level of last swing high.
it is possible to have another leg down to touch 0.786 fib level that is the same with a major support zone.
by the way if price bounce from here or $223, it will go up to ascending trend lines to reach $650.