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Kcs

KCS/USDT Broader consolidation wedge is forming. Buy opportunityIntro: - KuCoin evolves into one of the big competitors of Binance, FTX and Coinbase. - Often times Coins are listed earlier on KuCoin than on other major trading plattforms. - The current marketcap is around 1 billion which is much smaller than the marketcap of the main competitors. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states your opinion and maybe leads to further improvements considering my charts and explanations. Daily chart: - KCS failed to break through the 15$ line and crashed together with the whole market. Currently price is near the bottom of the consolidation wedge. - The RSI declines and probably finds support around the mid 30's. - Volume keeps decreasing which is in line with a extended consolidation. - The 200MA is currently slowing down the downfall. Staying close is critical to not drop down even further. (The following description is taken from last discussion.) - KCS touched the 20$ line during April 2021 which is very close to the ATH which is around 21$. - Afterwards KCS dropped hard back to even 5$ and currently consolidates to make another major upwards move. - Trading volume decreased during the last 6 months and only saw spikes which coincides with a consolidation phase. Expectation: - The overall market crash comes most likely mainly from China fud and therefore is not considered to be "normal" price action. Due to that as well to all the on-chain data we see this as great buy opportunity and expect the price to recover and continue to go higher. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
Long
by tumbler55
2
KCS/USDT Update: Beartrap in play? Looking for 15$+.Intro: - KuCoin evolves into one of the big competitors of Binance, FTX and Coinbase. - Often times Coins are listed earlier on KuCoin than on other major trading plattforms. - The current marketcap is around 1 billion which is much smaller than the marketcap of the main competitors. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states your opinion and maybe leads to further improvements considering my charts and explanations. Daily chart: - KCS did try to break above 15$ and then did fall together with the whole market even below the rising purple line. This formation can be called bear trap once we break back into the rising narrowing wedge. - On the RSI side we broke out below the consolidation channel and did find support around the 40line. (The following description is taken from last discussion.) - KCS touched the 20$ line during April 2021 which is very close to the ATH which is around 21$. - Afterwards KCS dropped hard back to even 5$ and currently consolidates to make another major upwards move. - Trading volume decreased during the last 6 months and only saw spikes which coincides with a consolidation phase. - One can draw an inverse head and shoulders with a breakout towards the 14$ price line. Expectation: - We expect to break back into the narrowing upwards wedge. - Once we break above 15$ we look for a strong volume increase. - The first target is the 20$ price range but for the end of 2021 we expect to go up higher and therefore into price discovery mode. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
Long
by tumbler55
KCS/USDT The next big trading platform? Breakout imminentIntro: - KuCoin evolves into one of the big competitors of Binance, FTX and Coinbase. - Often times Coins are listed earlier on KuCoin than on other major trading plattforms. - The current marketcap is around 1 billion which is much smaller than the marketcap of the main competitors. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states your opinion and maybe leads to further improvements considering my charts and explanations. Daily chart: - KCS touched the 20$ line during April 2021 which is very close to the ATH which is around 21$. - Afterwards KCS dropped hard back to even 5$ and currently consolidates to make another major upwards move. - Trading volume decreased during the last 6 months and only saw spikes which coincides with a consolidation phase. - On the RSI side we also see a strong consolidation towards the 60 line. - One can draw an inverse head and shoulders with a breakout towards the 14$ price line. - Currently KCS is above all MA lines. Expectation: - We expect to see an upwards breakout to happen very soon. - The first target is the 20$ price range but for the end of 2021 we expect to go up higher and therefore into price discovery mode. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
Long
by tumbler55
2
KCS - KuCoin Exchange token UNDERVALUED !!In order to catch up with its value (on a volume based estimation relative to a bigger exchange such as Binance) KuCoin Token has to at least 4 x !! So 50 USD seems a realist price during the run up that will follow during the next 2 or 3 weeks. Long term the price will be above 100 USD. KCS has just backtested the break out of the bullish pennant. IT IS READY TO GO !! Not financial advice - just how I am positioning my chips ...
Long
by Dangermousebanana
5
KCS - New KuCoin chainSo KCS has been getting tons of hype in the past week or so and the chart certainly reflects that. Assuming Bitcoin isn't going bear, then I expect KCS to do quite well in the coming weeks/months. Wave 3 hit the 1.618 extension perfectly. Projection for wave 5 is often the 0.618 extension of the start of wave 1 to bottom of wave 4. No timeline on this, and invalidation is a long way down, so certainly worth being careful at the moment. That being said, there are certainly shades of BSC with all the projects popping up that are building and it's quite similar to BSC/ETH/Matic in that it's just a quick add to your Metamask to begin interacting with the chain. I've tried it to buy a few of the smaller projects building on it, and as with BSC, it's much much faster and cheaper than ETH as you'd expect. Hitting that target would put the MC somewhere around 5 billion I believe which isn't too big a stretch if/when bull market conditions return.
Long
by crossedfingers1
2