KUSAMA - KSM/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	KSMUSD
ISIN:

KUSAMA - KSM/USD - Daily - Technical analysis published on 05/17/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 548.34 USD

My targets

622.29 USD (+9.68%)

736.80 USD (+29.86%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on KUSAMA - KSM/USD as long as the price remains well above 548.34 USD. The buyers' bullish objective is set at 622.29 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 736.80 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by ppril. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The KUSAMA - KSM/USD price is 567.39 USD. The price registered an increase of +4.48% on the session and was between 487.93 USD and 606.95 USD. This implies that the price is at +16.29% from its lowest and at -6.52% from its highest.

487.93

606.95

567.39

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this KUSAMA - KSM/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Doji

Type : Neutral

Timeframe : Daily

Three white soldiers

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	302.58	476.29	548.34	567.39
Change (%)	-46.67%	-16.06%	-3.36%	-
Change	-264.81	-91.10	-19.05	-
Level	Intermediate	Major	Intermediate	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	382.04	439.05	491.05	548.06	600.06	657.07	709.07
Camarilla	513.07	523.07	533.06	543.05	553.04	563.04	573.03
Woodie	379.54	437.80	488.55	546.81	597.56	655.82	706.57
Fibonacci	439.05	480.69	506.42	548.06	589.70	615.43	657.07

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	179.00	279.68	412.63	513.31	646.26	746.94	879.89
Camarilla	481.34	502.76	524.17	545.59	567.01	588.42	609.84
Woodie	195.15	287.75	428.78	521.38	662.41	755.01	896.04
Fibonacci	279.68	368.92	424.06	513.31	602.55	657.69	746.94

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	72.33	179.31	293.82	400.80	515.31	622.29	736.80
Camarilla	347.43	367.73	388.04	408.34	428.64	448.95	469.25
Woodie	76.11	181.19	297.60	402.68	519.09	624.17	740.58
Fibonacci	179.31	263.92	316.19	400.80	485.41	537.68	622.29

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	65.85
MACD (12,26,9):	39.6800
Directional Movement:	6.70
AROON (14):	35.71
DEMA (21):	517.59
Parabolic SAR (0,02-0,02-0,2):	435.89
Elder Ray (13):	51.29
Super Trend (3,10):	385.31
Zig ZAG (10):	566.25
VORTEX (21):	1.1400
Stochastique (14,3,5):	73.23
TEMA (21):	547.47
Williams %R (14):	-18.64
Chande Momentum Oscillator (20):	141.59
Repulse (5,40,3):	9.6300
ROCnROLL:	1
TRIX (15,9):	0.7600
Courbe Coppock:	56.31

MA7:	525.22
MA20:	455.75
MA50:	438.63
MA100:	356.02
MAexp7:	529.07
MAexp20:	474.44
MAexp50:	426.80
MAexp100:	358.45
Price / MA7:	+8.03%
Price / MA20:	+24.50%
Price / MA50:	+29.36%
Price / MA100:	+59.37%
Price / MAexp7:	+7.24%
Price / MAexp20:	+19.59%
Price / MAexp50:	+32.94%
Price / MAexp100:	+58.29%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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