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KSMUSD, Aroon Indicator entered an Uptrend on May 16, 2021. for BINANCE:KSMUSD by tickeron

Over the last three days, Tickeron’s A.I.dvisor has detected that KSM .X’s AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. Tickeron’s A.I.dvisor backtested this indicator and found 152 similar cases, 137 of which were successful. Based on this data, the odds of success are 90%. Current price $566.78 crossed the resistance line at $446.50 and is trading between $839.66 resistance and $446.50 resistance lines. Throughout the month of 04/24/21 – 05 /16/21, the price experienced a +79% Uptrend. During the week of 05 /11/21 – 05 /16/21, the crypto enjoyed a +24% Uptrend growth.

Bullish Trend Analysis

The Moving Average Convergence Divergence ( MACD ) for KSM .X just turned positive on April 30, 2021. Looking at past instances where KSM .X’s MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 12 of 13 cases over the following month. The odds of a continued upward trend are 90%.

KSM .X moved above its 50-day Moving Average on May 11, 2021 date and that indicates a change from a downward trend to an upward trend.

The 10-day Moving Average for KSM .X crossed bullishly above the 50-day moving average on May 12, 2021. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 2 of 2 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 90%.

Following a +32.70% 3-day Advance, the price is estimated to grow further. Considering data from situations where KSM .X advanced for three days, in 96 of 106 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.

The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 137 of 152 cases where KSM .X Aroon’s Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.

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