KCS may crash down more
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Never risk more than you can afford to lose.
Always DYOR.
KCS has already formed the accept break out candlestick in not only in daily timeframe but also it broke the weekly timeframe support zone ($17.52, in blue) which may leads to more crash on its price upto next weekly timeframe support level at ($14.62 in blue)
Sine it is crashing down and backing up from a higher time frame (monthly timeframe, $19.81) it may even break down the next support level at $14.62. On the other hand BTC is crashing down which will affect the market dramatically where KCS will not be an exception, if BTC crash to 30K then one may expect to find KCS on the lowest weekly support zone ($09.12 in blue).
This is a personal idea and I am not a financial adviser.
Never risk more than you can afford to lose.
Always DYOR.
KCS has already formed the accept break out candlestick in not only in daily timeframe but also it broke the weekly timeframe support zone ($17.52, in blue) which may leads to more crash on its price upto next weekly timeframe support level at ($14.62 in blue)
Sine it is crashing down and backing up from a higher time frame (monthly timeframe, $19.81) it may even break down the next support level at $14.62. On the other hand BTC is crashing down which will affect the market dramatically where KCS will not be an exception, if BTC crash to 30K then one may expect to find KCS on the lowest weekly support zone ($09.12 in blue).
This is a personal idea and I am not a financial adviser.
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