KUSAMA - KSM/USD - 1H - Technical analysis published on 03/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 32.63 USD
My targets
34.49 USD (+2.77%)
35.50 USD (+5.78%)
My analysis
KUSAMA - KSM/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 32.63 USD. The next resistance located at 34.49 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 35.50 USD. After this resistance, buyers could then target 39.55 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
0
10
7.3
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Additional analysis
Quotes
The KUSAMA - KSM/USD rating is 33.56 USD. The price registered a decrease of -0.03% on the session and was between 33.49 USD and 33.84 USD. This implies that the price is at +0.21% from its lowest and at -0.83% from its highest.33.49
33.84
33.56
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of KUSAMA - KSM/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 31.16 | 31.78 | 32.63 | 33.56 | 34.49 | 35.50 | 39.55 |
| Change (%) | -7.15% | -5.30% | -2.77% | - | +2.77% | +5.78% | +17.85% |
| Change | -2.40 | -1.78 | -0.93 | - | +0.93 | +1.94 | +5.99 |
| Level | Minor | Minor | Major | - | Minor | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.63 | 29.90 | 31.73 | 33.00 | 34.83 | 36.10 | 37.93 |
| Camarilla | 32.72 | 33.00 | 33.29 | 33.57 | 33.85 | 34.14 | 34.42 |
| Woodie | 28.92 | 30.04 | 32.02 | 33.14 | 35.12 | 36.24 | 38.22 |
| Fibonacci | 29.90 | 31.08 | 31.81 | 33.00 | 34.18 | 34.91 | 36.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.88 | 24.86 | 27.55 | 31.53 | 34.22 | 38.20 | 40.89 |
| Camarilla | 28.42 | 29.03 | 29.64 | 30.25 | 30.86 | 31.47 | 32.08 |
| Woodie | 20.25 | 24.54 | 26.92 | 31.21 | 33.59 | 37.88 | 40.26 |
| Fibonacci | 24.86 | 27.41 | 28.98 | 31.53 | 34.08 | 35.65 | 38.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.73 | 19.47 | 27.73 | 38.47 | 46.73 | 57.47 | 65.73 |
| Camarilla | 30.76 | 32.50 | 34.24 | 35.98 | 37.72 | 39.46 | 41.21 |
| Woodie | 7.48 | 18.85 | 26.48 | 37.85 | 45.48 | 56.85 | 64.48 |
| Fibonacci | 19.47 | 26.73 | 31.22 | 38.47 | 45.73 | 50.22 | 57.47 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.69 | |
| MACD (12,26,9): | 0.5400 | |
| Directional Movement: | 18.71 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 33.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 32.23 | |
| Elder Ray (13): | 0.25 | |
| Super Trend (3,10): | 32.48 | |
| Zig ZAG (10): | 33.51 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 77.63 | |
| TEMA (21): | 33.90 | |
| Williams %R (14): | -23.87 | |
| Chande Momentum Oscillator (20): | 1.68 | |
| Repulse (5,40,3): | -0.5000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2400 | |
| Courbe Coppock: | 10.46 |
| MA7: | 32.27 | |
| MA20: | 35.51 | |
| MA50: | 36.25 | |
| MA100: | 31.97 | |
| MAexp7: | 33.57 | |
| MAexp20: | 33.08 | |
| MAexp50: | 32.26 | |
| MAexp100: | 31.92 | |
| Price / MA7: | +4.00% | |
| Price / MA20: | -5.49% | |
| Price / MA50: | -7.42% | |
| Price / MA100: | +4.97% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +1.45% | |
| Price / MAexp50: | +4.03% | |
| Price / MAexp100: | +5.14% |
Quotes :
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Real time data
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