KuCoin Is Looking For A Bullish Continuation
KuCoin with ticker KCSUSD is nicely rising as expected after we spotted a completed higher degree wave IV correction and bullish breakout for a higher degree wave V a year ago.
As you can see today, KCSUSD is still holding up well and it may actually formed a lower degree bullish setup formation with subwaves 1 and 2, which can now extend the rally within subwave 3 of a five-wave bullish cycle within that higher degree wave V.
KCS is KuCoin's native token, launched in 2017 as a profit-sharing token. Initially issued as an ERC-20 token on Ethereum, its total supply was 200 million, with plans to reduce it to 100 million through buybacks and burns. KCS will eventually become the native asset for KuCoin's decentralized financial services and governance. KuCoin aims to empower KCS, making it a key product within its ecosystem. As KuCoin develops its DEX and KuChain, KCS will serve as the primary token for these decentralized products.
As you can see today, KCSUSD is still holding up well and it may actually formed a lower degree bullish setup formation with subwaves 1 and 2, which can now extend the rally within subwave 3 of a five-wave bullish cycle within that higher degree wave V.
KCS is KuCoin's native token, launched in 2017 as a profit-sharing token. Initially issued as an ERC-20 token on Ethereum, its total supply was 200 million, with plans to reduce it to 100 million through buybacks and burns. KCS will eventually become the native asset for KuCoin's decentralized financial services and governance. KuCoin aims to empower KCS, making it a key product within its ecosystem. As KuCoin develops its DEX and KuChain, KCS will serve as the primary token for these decentralized products.
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