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KSM.X Crypto Tickeron detected bullish Crypto Pattern: Broadening Wedge Descending KSM.X on May 17, 2024, netting in a 11.59% gain over 3 days

A.I.dvisor
at Tickeron.com
05/18/24
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+11.59% Gain from a Successful pattern Broadening Wedge Descending
KSM.X - Kusama cryptocurrency
Tickeron
Ticker: KSM.X
Company: Kusama cryptocurrency
Gain: +11.59%
Confirmed: 05/17/24
Succeeded: 05/17/24
Total length: 3 days
On May 14, 2024, A.I.dvisor detected a Broadening Wedge Descending Pattern (Bullish) for Kusama cryptocurrency (KSM.X, $27.067900). On May 17, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $30.300000. On May 17, 2024, KSM.X reached the target price resulting in a +1 for traders who took a long position in the stock.

KSM.X in upward trend: 10-day moving average crossed above 50-day moving average on November 14, 2024

The 10-day moving average for KSM.X crossed bullishly above the 50-day moving average on November 14, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 08, 2024. You may want to consider a long position or call options on KSM.X as a result. In of 128 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for KSM.X just turned positive on November 07, 2024. Looking at past instances where KSM.X's MACD turned positive, the stock continued to rise in of 64 cases over the following month. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where KSM.X advanced for three days, in of 439 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for KSM.X moved out of overbought territory on November 12, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 58 similar instances where the indicator moved out of overbought territory. In of the 58 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 94 cases where KSM.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

KSM.X moved below its 50-day moving average on November 14, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where KSM.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

KSM.X broke above its upper Bollinger Band on November 10, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

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KSM.X
Daily Signalchanged days ago
Gain/Loss if shorted
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