Since the major crypto capitulation a couple of weeks ago, KCS has seen one of the strongest and resilient recoveries in the crypto space.
However, with BTC not showing any signs of overall bullishness, I'm not entirely sure if KCS can keep trading this strong bullish trend. When we connect the all-time high and the April local top we can construct a falling resistance which will likely trigger sell orders and shorters. I'm expecting a lot of pressure around this area. So, unless BTC will see more green days I'm wary of KCS's rally.
However, with BTC not showing any signs of overall bullishness, I'm not entirely sure if KCS can keep trading this strong bullish trend. When we connect the all-time high and the April local top we can construct a falling resistance which will likely trigger sell orders and shorters. I'm expecting a lot of pressure around this area. So, unless BTC will see more green days I'm wary of KCS's rally.
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
Disclaimer
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.