KSMBTC - Broken Trend, No Power Move Yet!A few weeks back KSM made a strong move upward and out of the trend line it's been ranging underneath for some time now.
Since this break we haven't seen a large movement either upward or back under the trend line - we seem to have entered a phase of consolidation at the current price range.
We have received a Buy signal from CTv2 so we're feeling pretty confident that the price will be heading upward soon, we've illustrated 3 potential TP zones above, at 5%, 15% and 25%.
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Ksmbitcoin
💡 Don't miss the great buy opportunity in KSM/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.002). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. KSM/Bitcoin KSMBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 0.00253
TP2= @ 0.00342
TP3= @ 0.00433
TP4= @ 0.00527
TP5= @ 0.00620
SL= Break below S2
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💡 Don't miss the great buy opportunity in KSM/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.002). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. KSM/Bitcoin KSMBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 0.00258
TP2= @ 0.00342
TP3= @ 0.00433
TP4= @ 0.00527
TP5= @ 0.00620
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
KSM / BTC trade signal (risky)KSM / BTC
Buy partially not once 👇
2760-2750 sat current price (20%)
2650 sat (30%)
2500 sat(50%)
Stoploss daily candel close below 2500 sat
Targets
2860 sat
2990 sat
3400 sat
4000+ sat (long term)
Risky because btc on move
But if you buy partially the risk will be very small
KSM / BTC nice jump after breakout the channelKSM / BTC
🌟 Techincal Analysis🌟
After breakout the decending channel
Ksm retested it and did nice jump today
The next resistance on chart
If it hold above the channel
Expecting it reach resistance area soon
This is not financial advice
You should have a plan before trading
Never trade blindly and use stoploss
Good luck and happy trading 🌹