KCS seems to be relatively unscathed at this point in time. Bitcoin took a steep dive over the past two weeks, losing over 20% of its value in this process. However, KCS is trading horizontally for the better part of November.
In my view, KCS is currently seeing a period of accumulation before breaking out again.
In the analysis above I talked about my long-term view on KCS. For the coming weeks, assuming a bullish break out of the violet area, I'm looking at a $30 and $40 target.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.