KCS/USD - At Critical Support, Can it HOLD?! 😲
KuCoin Token attempted to move above $11, but failed to break this level.
For this reason, the uptrend appears in danger now which has lasted since July.
If buyers don't step up soon, then the price could fall to the key support at $9. The momentum is also fading as shown by the indicators.
MACD + RSI is showing a bearish divergence. Volume is not great, but maybe Monday will bring some buyers.
I suggest caution and this is not the place to take a position rather, let the market decide for you and then RE-act.
Bias is neutral, but a breakdown would turn it bearish in the short term at least.
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For this reason, the uptrend appears in danger now which has lasted since July.
If buyers don't step up soon, then the price could fall to the key support at $9. The momentum is also fading as shown by the indicators.
MACD + RSI is showing a bearish divergence. Volume is not great, but maybe Monday will bring some buyers.
I suggest caution and this is not the place to take a position rather, let the market decide for you and then RE-act.
Bias is neutral, but a breakdown would turn it bearish in the short term at least.
Like and follow if you liked this idea.
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