KUSAMA - KSM/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	KSMUSD
ISIN:

KUSAMA - KSM/USD - Daily - Technical analysis published on 08/30/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 21.28 USD

My targets

17.31 USD (-12.85%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on KUSAMA - KSM/USD as long as the price remains well below 21.28 USD. The sellers' bearish objective is set at 17.31 USD. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.6

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The KUSAMA - KSM/USD rating is 19.86 USD. The price is lower by -0.10% since the last closing and was between 19.62 USD and 19.94 USD. This implies that the price is at +1.22% from its lowest and at -0.40% from its highest.

19.62

19.94

19.86

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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:

Technical

A technical analysis in Daily of this KUSAMA - KSM/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : Daily

Bearish harami cross

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	19.86	23.72	30.14	37.59
Change (%)	-	+19.44%	+51.76%	+89.27%
Change	-	+3.86	+10.28	+17.73
Level	-	Intermediate	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.91	18.39	19.14	19.62	20.37	20.85	21.60
Camarilla	19.54	19.66	19.77	19.88	19.99	20.11	20.22
Woodie	18.04	18.46	19.27	19.69	20.50	20.92	21.73
Fibonacci	18.39	18.86	19.15	19.62	20.09	20.38	20.85

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.16	17.32	18.24	19.40	20.32	21.48	22.40
Camarilla	18.58	18.77	18.96	19.15	19.34	19.53	19.72
Woodie	16.03	17.26	18.11	19.34	20.19	21.42	22.27
Fibonacci	17.32	18.12	18.61	19.40	20.20	20.69	21.48

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.31	19.70	21.28	23.67	25.25	27.64	29.22
Camarilla	21.76	22.12	22.49	22.85	23.21	23.58	23.94
Woodie	16.90	19.50	20.87	23.47	24.84	27.44	28.81
Fibonacci	19.70	21.22	22.16	23.67	25.19	26.13	27.64

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):	39.02
MACD (12,26,9):	-0.8800
Directional Movement:	-10.92
AROON (14):	-42.86
DEMA (21):	19.28
Parabolic SAR (0,02-0,02-0,2):	21.53
Elder Ray (13):	-0.21
Super Trend (3,10):	22.01
Zig ZAG (10):	19.72
VORTEX (21):	0.8300
Stochastique (14,3,5):	27.10
TEMA (21):	19.05
Williams %R (14):	-67.96
Chande Momentum Oscillator (20):	-0.50
Repulse (5,40,3):	3.4100
ROCnROLL:	2
TRIX (15,9):	-0.5900
Courbe Coppock:	23.66

MA7:	19.42
MA20:	20.68
MA50:	22.25
MA100:	23.49
MAexp7:	19.67
MAexp20:	20.45
MAexp50:	21.89
MAexp100:	23.65
Price / MA7:	+2.27%
Price / MA20:	-3.97%
Price / MA50:	-10.74%
Price / MA100:	-15.45%
Price / MAexp7:	+0.97%
Price / MAexp20:	-2.89%
Price / MAexp50:	-9.27%
Price / MAexp100:	-16.03%

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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Londinia AI

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