KUSAMA - KSM/USD - 1H - Technical analysis published on 08/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 18.84 USD
My targets
19.59 USD (+2.57%)
21.23 USD (+11.15%)
My analysis
The bullish trend is currently very strong on KUSAMA - KSM/USD. As long as the price remains above the support at 18.84 USD, you could try to benefit from the boom. The first bullish objective is located at 19.59 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 21.23 USD as an objective. Crossing it would then enable buyers to target 32.59 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
9.1
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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 19.10 USD. The price has increased by +5.18% since the last closing and was between 18.15 USD and 19.15 USD. This implies that the price is at +5.23% from its lowest and at -0.26% from its highest.18.15
19.15
19.10
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
A study of price movements over other periods shows the following variations:
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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 17 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 16.68 | 17.11 | 17.95 | 19.10 | 21.23 | 32.59 | 50.25 |
| Change (%) | -12.67% | -10.42% | -6.02% | - | +11.15% | +70.63% | +163.09% |
| Change | -2.42 | -1.99 | -1.15 | - | +2.13 | +13.49 | +31.15 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | 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 | 16.87 | 17.15 | 17.66 | 17.94 | 18.45 | 18.73 | 19.24 |
| Camarilla | 17.94 | 18.02 | 18.09 | 18.16 | 18.23 | 18.31 | 18.38 |
| Woodie | 16.98 | 17.21 | 17.77 | 18.00 | 18.56 | 18.79 | 19.35 |
| Fibonacci | 17.15 | 17.46 | 17.64 | 17.94 | 18.25 | 18.43 | 18.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.43 | 15.40 | 16.15 | 17.12 | 17.87 | 18.84 | 19.59 |
| Camarilla | 16.43 | 16.59 | 16.74 | 16.90 | 17.06 | 17.22 | 17.37 |
| Woodie | 14.32 | 15.35 | 16.04 | 17.07 | 17.76 | 18.79 | 19.48 |
| Fibonacci | 15.40 | 16.06 | 16.46 | 17.12 | 17.78 | 18.18 | 18.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.24 | 14.64 | 17.59 | 20.99 | 23.94 | 27.34 | 30.29 |
| Camarilla | 18.80 | 19.39 | 19.97 | 20.55 | 21.13 | 21.71 | 22.30 |
| Woodie | 11.03 | 14.53 | 17.38 | 20.88 | 23.73 | 27.23 | 30.08 |
| Fibonacci | 14.64 | 17.06 | 18.56 | 20.99 | 23.41 | 24.91 | 27.34 |
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): | 80.17 | |
| MACD (12,26,9): | 0.2600 | |
| Directional Movement: | 35.12 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 18.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.14 | |
| Elder Ray (13): | 0.48 | |
| Super Trend (3,10): | 18.40 | |
| Zig ZAG (10): | 19.00 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 99.44 | |
| TEMA (21): | 18.78 | |
| Williams %R (14): | -3.79 | |
| Chande Momentum Oscillator (20): | 1.09 | |
| Repulse (5,40,3): | 2.9600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 8.80 |
| MA7: | 17.57 | |
| MA20: | 17.47 | |
| MA50: | 19.95 | |
| MA100: | 24.03 | |
| MAexp7: | 18.70 | |
| MAexp20: | 18.31 | |
| MAexp50: | 17.97 | |
| MAexp100: | 17.69 | |
| Price / MA7: | +8.71% | |
| Price / MA20: | +9.33% | |
| Price / MA50: | -4.26% | |
| Price / MA100: | -20.52% | |
| Price / MAexp7: | +2.14% | |
| Price / MAexp20: | +4.31% | |
| Price / MAexp50: | +6.29% | |
| Price / MAexp100: | +7.97% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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