KUSAMA - KSM/USD

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Type:	Cryptocurrencies
Ticker:	KSMUSD
ISIN:

KUSAMA - KSM/USD - 1H - Technical analysis published on 11/23/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 28.06 USD

My targets

30.13 USD (+4.62%)

32.61 USD (+13.23%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on KUSAMA - KSM/USD as long as the price remains well above 28.06 USD. The buyers' bullish objective is set at 30.13 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 32.61 USD. If there is any crossing, the next objective would be the resistance located at 59.52 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.8

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 price is 28.80 USD. The price has increased by +22.76% since the last closing with the lowest point at 23.15 USD and the highest point at 29.30 USD. The deviation from the price is +24.41% for the low point and -1.71% for the high point.

23.15

29.30

28.80

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
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

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish doji star

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.33	23.13	27.09	28.80	30.13	32.61	59.52
Change (%)	-22.47%	-19.69%	-5.94%	-	+4.62%	+13.23%	+106.67%
Change	-6.47	-5.67	-1.71	-	+1.33	+3.81	+30.72
Level	Intermediate	Intermediate	Minor	-	Minor	Major	Major

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	18.61	19.59	21.52	22.50	24.43	25.41	27.34
Camarilla	22.66	22.93	23.19	23.46	23.73	23.99	24.26
Woodie	19.10	19.83	22.01	22.74	24.92	25.65	27.83
Fibonacci	19.59	20.70	21.39	22.50	23.61	24.30	25.41

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.68	16.21	19.14	20.67	23.60	25.13	28.06
Camarilla	20.85	21.26	21.67	22.08	22.49	22.90	23.31
Woodie	15.39	16.56	19.85	21.02	24.31	25.48	28.77
Fibonacci	16.21	17.91	18.96	20.67	22.37	23.42	25.13

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.16	13.58	15.07	17.49	18.98	21.40	22.89
Camarilla	15.50	15.85	16.21	16.57	16.93	17.29	17.65
Woodie	10.71	13.35	14.62	17.26	18.53	21.17	22.44
Fibonacci	13.58	15.07	15.99	17.49	18.98	19.90	21.40

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):	79.58
MACD (12,26,9):	1.3600
Directional Movement:	41.12
AROON (14):	100.00
DEMA (21):	26.44
Parabolic SAR (0,02-0,02-0,2):	24.39
Elder Ray (13):	2.07
Super Trend (3,10):	25.47
Zig ZAG (10):	27.75
VORTEX (21):	1.4100
Stochastique (14,3,5):	95.04
TEMA (21):	27.11
Williams %R (14):	-10.17
Chande Momentum Oscillator (20):	2.87
Repulse (5,40,3):	5.2300
ROCnROLL:	1
TRIX (15,9):	0.7000
Courbe Coppock:	30.76

MA7:	22.22
MA20:	19.77
MA50:	18.62
MA100:	19.12
MAexp7:	26.36
MAexp20:	24.46
MAexp50:	22.91
MAexp100:	22.12
Price / MA7:	+29.61%
Price / MA20:	+45.68%
Price / MA50:	+54.67%
Price / MA100:	+50.63%
Price / MAexp7:	+9.26%
Price / MAexp20:	+17.74%
Price / MAexp50:	+25.71%
Price / MAexp100:	+30.20%

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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