KCS/USD - KuCoin Token about to re-test CRITICAL SUPPORT! 😮
KuCoin Token failed to bounce in any significant way in the second half of June and was sharply rejected by the resistance at $11.
Now, the price is going back to the critical support at $9. If it fails to hold here then the path will open up for a much lower valuation. Maybe even $6.
Unfortunately for KCS, the market remains bearish and with BTC under 20k, hopium is in short supply.
The indicators on the daily timeframe and above are still bearish. There is some hope that the RSI could make a bullish divergence in the future which could materialize later on. However, it is too early now to hope for that.
All eyes are on the $9 level. Can buyers save KCS here again?
The bias remains bearish due to the current price action.
Like and follow if you liked my idea!
Now, the price is going back to the critical support at $9. If it fails to hold here then the path will open up for a much lower valuation. Maybe even $6.
Unfortunately for KCS, the market remains bearish and with BTC under 20k, hopium is in short supply.
The indicators on the daily timeframe and above are still bearish. There is some hope that the RSI could make a bullish divergence in the future which could materialize later on. However, it is too early now to hope for that.
All eyes are on the $9 level. Can buyers save KCS here again?
The bias remains bearish due to the current price action.
Like and follow if you liked my idea!
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