KUSAMA - KSM/USD - 1H - Technical analysis published on 05/19/2024 (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
50%
17%
33%
My opinion
Bullish above 30.24 USD
My targets
31.01 USD (+1.74%)
33.54 USD (+10.04%)
My analysis
The bullish trend is currently very strong on KUSAMA - KSM/USD. As long as the price remains above the support at 30.24 USD, you could try to benefit from the boom. The first bullish objective is located at 31.01 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 33.54 USD as an objective. Crossing it would then enable buyers to target 37.56 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.
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
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
KUSAMA - KSM/USD rating 30.48 USD. The price is lower by -0.07% since the last closing and was between 29.98 USD and 31.47 USD. This implies that the price is at +1.67% from its lowest and at -3.15% from its highest.29.98
31.47
30.48
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by KUSAMA - KSM/USD:
Technical
Technical analysis of this 1H chart of KUSAMA - KSM/USD indicates that the overall trend is strongly bullish. 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 28.77 | 29.22 | 30.24 | 30.48 | 30.65 | 31.01 | 37.56 |
| Change (%) | -5.61% | -4.13% | -0.79% | - | +0.56% | +1.74% | +23.23% |
| Change | -1.71 | -1.26 | -0.24 | - | +0.17 | +0.53 | +7.08 |
| Level | Major | Intermediate | 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 | 26.98 | 27.87 | 29.18 | 30.07 | 31.38 | 32.27 | 33.58 |
| Camarilla | 29.90 | 30.10 | 30.30 | 30.50 | 30.70 | 30.90 | 31.11 |
| Woodie | 27.20 | 27.98 | 29.40 | 30.18 | 31.60 | 32.38 | 33.80 |
| Fibonacci | 27.87 | 28.71 | 29.23 | 30.07 | 30.91 | 31.43 | 32.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.80 | 25.32 | 27.91 | 29.43 | 32.02 | 33.54 | 36.13 |
| Camarilla | 29.37 | 29.75 | 30.12 | 30.50 | 30.88 | 31.25 | 31.63 |
| Woodie | 24.34 | 25.59 | 28.45 | 29.70 | 32.56 | 33.81 | 36.67 |
| Fibonacci | 25.32 | 26.89 | 27.86 | 29.43 | 31.00 | 31.97 | 33.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -4.74 | 9.95 | 19.32 | 34.01 | 43.38 | 58.07 | 67.44 |
| Camarilla | 22.08 | 24.29 | 26.50 | 28.70 | 30.91 | 33.11 | 35.32 |
| Woodie | -7.39 | 8.62 | 16.67 | 32.68 | 40.73 | 56.74 | 64.79 |
| Fibonacci | 9.95 | 19.14 | 24.82 | 34.01 | 43.20 | 48.88 | 58.07 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.42 | |
| MACD (12,26,9): | 0.2200 | |
| Directional Movement: | 13.46 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 30.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 31.35 | |
| Elder Ray (13): | 0.16 | |
| Super Trend (3,10): | 29.91 | |
| Zig ZAG (10): | 30.60 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 37.56 | |
| TEMA (21): | 30.70 | |
| Williams %R (14): | -58.39 | |
| Chande Momentum Oscillator (20): | 0.11 | |
| Repulse (5,40,3): | 0.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 4.56 |
| MA7: | 29.22 | |
| MA20: | 28.98 | |
| MA50: | 33.02 | |
| MA100: | 40.90 | |
| MAexp7: | 30.48 | |
| MAexp20: | 30.30 | |
| MAexp50: | 29.97 | |
| MAexp100: | 29.57 | |
| Price / MA7: | +4.31% | |
| Price / MA20: | +5.18% | |
| Price / MA50: | -7.69% | |
| Price / MA100: | -25.48% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.59% | |
| Price / MAexp50: | +1.70% | |
| Price / MAexp100: | +3.08% |
Quotes :
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Real time data
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