KUSAMA - KSM/USD - 1H - Technical analysis published on 12/27/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 25.03 USD
My targets
26.95 USD (+5.02%)
28.05 USD (+9.33%)
My analysis
The bullish trend is currently very strong on KUSAMA - KSM/USD. As long as the price remains above the support at 25.03 USD, you could try to benefit from the boom. The first bullish objective is located at 26.95 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 28.05 USD as an objective. Crossing it would then enable buyers to target 31.02 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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Additional analysis
Quotes
KUSAMA - KSM/USD rating 25.66 USD. On the day, this instrument lost -0.08% and was between 25.49 USD and 26.04 USD. This implies that the price is at +0.67% from its lowest and at -1.46% from its highest.25.49
26.04
25.66
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this KUSAMA - KSM/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.52 | 25.03 | 25.57 | 25.66 | 31.02 | 46.20 | 52.70 |
| Change (%) | -4.44% | -2.46% | -0.35% | - | +20.89% | +80.05% | +105.38% |
| Change | -1.14 | -0.63 | -0.09 | - | +5.36 | +20.54 | +27.04 |
| Level | Minor | Minor | Intermediate | - | Minor | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.34 | 24.62 | 25.15 | 25.43 | 25.96 | 26.24 | 26.77 |
| Camarilla | 25.46 | 25.53 | 25.61 | 25.68 | 25.75 | 25.83 | 25.90 |
| Woodie | 24.47 | 24.68 | 25.28 | 25.49 | 26.09 | 26.30 | 26.90 |
| Fibonacci | 24.62 | 24.93 | 25.12 | 25.43 | 25.74 | 25.93 | 26.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.81 | 22.79 | 23.89 | 24.87 | 25.97 | 26.95 | 28.05 |
| Camarilla | 24.43 | 24.62 | 24.81 | 25.00 | 25.19 | 25.38 | 25.57 |
| Woodie | 21.88 | 22.82 | 23.96 | 24.90 | 26.04 | 26.98 | 28.12 |
| Fibonacci | 22.79 | 23.58 | 24.07 | 24.87 | 25.66 | 26.15 | 26.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.07 | 14.93 | 22.41 | 29.27 | 36.75 | 43.61 | 51.09 |
| Camarilla | 25.95 | 27.26 | 28.58 | 29.89 | 31.21 | 32.52 | 33.83 |
| Woodie | 8.38 | 15.09 | 22.72 | 29.43 | 37.06 | 43.77 | 51.40 |
| Fibonacci | 14.93 | 20.41 | 23.79 | 29.27 | 34.75 | 38.13 | 43.61 |
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): | 61.38 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 3.97 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 25.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.52 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 24.99 | |
| Zig ZAG (10): | 25.40 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 74.36 | |
| TEMA (21): | 25.47 | |
| Williams %R (14): | -28.85 | |
| Chande Momentum Oscillator (20): | 0.27 | |
| Repulse (5,40,3): | 0.3700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 3.27 |
| MA7: | 24.94 | |
| MA20: | 26.73 | |
| MA50: | 26.83 | |
| MA100: | 32.93 | |
| MAexp7: | 25.36 | |
| MAexp20: | 25.24 | |
| MAexp50: | 25.11 | |
| MAexp100: | 25.04 | |
| Price / MA7: | +2.89% | |
| Price / MA20: | -4.00% | |
| Price / MA50: | -4.36% | |
| Price / MA100: | -22.08% | |
| Price / MAexp7: | +1.18% | |
| Price / MAexp20: | +1.66% | |
| Price / MAexp50: | +2.19% | |
| Price / MAexp100: | +2.48% |
Quotes :
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Real time data
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