KCS - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Weekly: Left Chart
KCS is overall bearish trading inside our brown wedge pattern and it is currently approaching the lower brown trendline.
Moreover, KCS is still sitting around a strong support zone and round number 5.0 so we will be looking for buy setups on lower timeframes.
As per my trading style:
I will be looking for reversal setups (like a double bottom pattern, trendline break , and so on...)
Unless the 5.0 support is broken, then a movement till the 2.5 support would be expected where we will be looking for new buy setups.
on H4: Right Chart
For now, for the bulls to take over from a short-term perspective, we need a break above the last major high in orange.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Kcs
KCS - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is overall bearish trading inside our brown wedge pattern and it is currently approaching the lower brown trendline.
Moreover, KCS is still sitting around a strong support zone and round number 5.0 so we will be looking for buy setups on lower timeframes.
As per my trading style:
I will be looking for reversal setups (like a double bottom pattern, trendline break , and so on...)
Unless the 5.0 support is broken, then a movement till the 2.5 support would be expected where we will be looking for new buy setups.
For now, for the bulls to take over, we need a break above the last major high in gray.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS - Strong Support!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is overall bearish trading inside our brown wedge pattern and it is currently approaching the lower brown trendline.
Moreover, KCS is sitting around a strong support zone and round number 5.0 so we will be looking for buy setups on lower timeframes.
As per my trading style:
I will be looking for reversal setups (like a double bottom pattern, trendline break , and so on...)
Unless the 5.0 support is broken, then a movement till the 2.5 support would be expected where we will be looking for new buy setups.
For now, for the bulls to take over , we need a break above the last major high in gray.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS - Long-Term and Short-Term Scenarios!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is overall bearish trading inside our brown wedge pattern and it is currently approaching the lower brown trendline.
Moreover, KCS is sitting around a strong support zone and round number 5.0 so we will be looking for buy setups on lower timeframes.
As per my trading style:
I will be looking for reversal setups (like a double bottom pattern, trendline break , and so on...)
Unless the 5.0 support is broken, then a movement till the 2.5 support would be expected where we will be looking for new buy setups.
For now, for the bulls to take over, we need a break above the last major high in gray.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KuCoin Token | When Will The Bear Market End?Like most of the Cryptocurrency market, KuCoin Token (KCSUSDT) has been moving within a strong downtrend, the bear market.
This downtrend/bear market is getting closer to its end but for KuCoin Token it can extend... Let's have a closer look.
The bull market lasted 511 days and started after the early July 2020 low.
Here we are counting as bull market every single day after the low was set.
The bear market has been going for 357 days.
Again, we are counting the declining from the ATH to the current day.
Looking at other major Altcoins chart this pattern came-in in-reverse.
They have a bullish wave of 333 days or so, while the bearish wave went on for more than 555 days.
The last shall be first, and the first shall will be last.
Right now KCSUSDT is trading at support.
The 0.786 Fib. retracement level of the entire bullish cycle and MA200 on the weekly timeframe.
There can be a bounce here but the bear market isn't likely to be over.
So far we have a drop of 80% (-80%) from the All Time High but we've seen KCS correct by 98%.
The chart structure allows for more red in the months to come, with 1 relief rally in-between before we set the bear market bottom/low.
The same as Bitcoin and other major crypto-charts.
We have room for some relief, short-lived...
Then one more major drop, CRASH, followed by slow and steady growth... Sustained long-term, up, up, up, up and up... But remember, any bullish action now can be taken as a break only, the worst is yet to come.
After we hit bottom, the only place left to go is up.
Up to $50, $60, $90, $120, $150 or more.
Namaste.
KCS - Long-Term View! 🏠Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is overall bearish trading inside our brown wedge pattern and it is currently approaching the lower brown trendline.
Moreover, KCS is sitting around a strong support zone and round number 5.0 so we will be looking for buy setups on lower timeframes.
As per my trading style:
I will be looking for reversal setups (like a double bottom pattern, trendline break , and so on...)
Unless the 5.0 support is broken, then a movement till the 2.5 support would be expected where we will be looking for new buy setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Kucoin (KCS) could be getting ready for a runGood day traders 🌞👋
Here we are taking a look at KCS and shorter TF is looking
like a bullish flag IF we can gain support listed above🔝
and below👇 on chart 📈🔝
I am still concerned BTC could correct to ~14k ~15k but first will we see a rise in price to ~17,800k?
In the case that BTC doesn't continue to crash in the imminent future 🐶⏬⏬⏬
Let us not overlook KuCoins utility coin KCS 👌📍
During BTCs recent🕡 dip to below 16k, KCS fell to 💲5.2 , and was aggressively bought up to 💲8.3 shortly after...
Last bull-run🐮🏃♂️ we saw KCS go from ~💲5 to ~ 💲28 value🔥
KuCoin users earn great rewards by staking KCS
If you stake at least 10,000 KCS, you earn 7.18% APY USD 💲💬⭐
Here⏬ we are in a large Descending-broadening wedge on the DAILY view 📈🔎
If we can gain support💪 at ~7,44, I think we can run up to some of our bull targets listed above on chart
Bearish 🐻 targets listed as well👍🆗
Invest at your own risk!!
🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set🆗
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.😄
Jazerbay
KCS - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is stuck inside a range, around support and round number 10.0
For the bulls to take over, we need a break above the gray neckline. In this case, a movement till 15.0 would be expected.
Meanwhile, if the bears manage to push below 9.0, then we will be expecting further movement downward.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS - Video Top-Down Analysis! UPDATE!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for KCS.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
KCS - Long-Term View!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Before I dive into today's update, let me walk you through my last three KCS analysis:
1- KCS - Strong Support!
We have been stuck around support, so we were looking for buy setups.
2- KCS - Long-Term and Short-Term Scenarios!
Then the bulls took over from a short-term perspective by breaking above the blue last high from H4 and reached our 10.0 target!
3- KCS - Short-Term Bullish Setup!
Then we expected a rejection from the 10.0 to retest the blue zone again.
4- Update:
Price rejected our blue zone as you can see from H4
Now What?
For the bulls to take over from a medium-term perspective, we need a daily close above the 10.0
and then for the bulls to take over from a long-term perspective, we need a daily close above the last major high from weekly, around 11.25
and of course, for the bears to take over, we need a break below the last major low in orange.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS - Short-Term Bullish Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last idea, we were waiting for the bulls to take over by breaking above the blue neckline from H4.
We had the break last week, and lately we rejected the 10.0 and broke below the last minor low in red. Thus, the correction started.
Now on the retest of the previous high in blue, we will be looking for buy setups on lower timeframes to catch the next impulse movement upward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS - Long-Term and Short-Term Scenarios!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is still struggling around support and round number 9.0 - 10.0 support, so we will be looking for buy setups.
From a long-term perspective: (Left Chart)
KCS is stuck inside a range. For the bulls to take over, we need a break above the gray neckline. In this case, a movement till 15.0 would be expected.
From a short-term perspective: (Right Chart)
For the bulls to take over, we need a break above the blue zone.
Meanwhile, we are bearish and if the bears manage to push below the orange zone / previous major low, then we will be expecting further movement downward.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS had a nice price increase during the last week!KCS had a nice price increase during the last week. After the price hit the support range of $8.85 to $8.65 and saw a positive reaction, we saw the price increase again. The resistance range of $9-$9.10 has again become support. Last week's candle of this currency is a Doji candle with a very small body, which is a good sign of the support range. This week, the new candle is above the previous candle's range, which can again be a good sign for possible price growth.
The currency trend is bullish in the 4-hour time frame, and there is potential for further price growth to the resistance of the $10 range. Also, if there is no drop in the market for the current week, its price growth can continue up to the resistance range of $10.6 to $11.20. But if the downward trend in the whole market resumes, by breaking the support of $8, the price decrease can continue to $7.6-$7. If we break the support of the rising trend line on the RSI, we can expect the trend to reverse.
KCS - Strong Support!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is sitting around a strong support zone (9.0 - 10.0), so we will be looking for buy setups on lower timeframes.
As per my trading style:
Since KCS is sitting around a support zone , I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Of course, unless the support is broken downward, in this case it would become resistance and further bearish movement would be expected.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS/USD - Downtrend Continues. Critical Support at $8.8 😲KuCoin Token lost the bullish momentum in mid-August and since then it's been a non-stop downtrend for its price.
After being rejected at $11, KCS crashed to the key support at $9.3. Later, it failed to recover and fell back lower to $8.8 which is our current support.
If buyers can't stop the downtrend here, then the next key support is at $8.3.
The current resistance is found at $9.4 and it is unlikely it will be tested any time soon.
The indicators remain bearish, but sellers seem to have lost some interest in pushing KCS lower at this time. This gives some relief to bulls which could defend the key support at $8.8 and stop the downtrend.
Looking ahead, KCS will likely follow the overall market which continues to be bearish, particularly because both BTC and ETH have made lower lows.
KCS is no different and the drop this Monday made a low not seen since July. Hence, my bias is somewhat bearish on this price action.
Keep a close eye on the key support and be patient before taking a position, the market is very fragile right now.
Like and follow if you liked this idea!
KCSUSDT close to testing the 5-month Resistance.The KuCoin Token (KCSUSDT) has been trading on its 1D MA50 (blue trend-line) for the past three days. This consolidation is taking place as the 1D MA100 (green trend-line) is descending to a point that is the closest it has been since the June 01 rejection. Basically, KCS has been trading below the 1D MA100 since April 29 and naturally it is the most important Resistance on the medium-term.
As this 1D chart shows, the token has been trading within a long-term Channel Down pattern since the December 01 2021 market High. There is reason to believe that this long-term bearish trend is coming to an end as it is the first time during this period that the MACD indicator is about to form a Bullish Cross on the 1W time-frame. In fact if formed, it will be the first time since October 22 2021. Keep an eye also on the 1D RSI, which is closing in on its Symmetrical Resistance Zone. A break above it can be an early indication of a long-term trend shift to bullish.
As a result, a 1D candle close above the 1D MA100 should be taken as a bullish signal, targeting the 1D MA200 (orange trend-line), which has been trading on the Channel's top since June 01. That is the final Resistance before a long-term Bull rally on the KCSUSDT. If you are a long-term investor, it is important to buy as early as possible on levels of course that you feel comfortable with. Overall Tradingshot considers this an excellent long-term investment.
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KCS - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is still struggling around support and round number 10.0 and since the price is above it, we will be looking for buy setups.
For the bulls to take over, we need a break above the gray neckline. In this case, a movement till 15.0 would be expected.
Meanwhile, if the bears manage to push below 9.0, then we will be expecting further movement downward.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS| KuCoin | The Bulls Have The Price Under ControlKCS| KuCoin | The Bulls Have The Price Under Control
During the previous analysis, the price broke out from the
wedge pattern and it didn't invalidate it.
That was a strong signal that the price would have increased more during the coming days and
as we can see from the previous analysis the first target was reached.
Now I am expecting any price correction between 9.5-9.9 before
the price move up again.
Targets on the chart!
Thank you and Good Luck!
Previous Analysis!
KCS | KuCoin Token | Will The Price Rise Again?KCS | KuCoin Token | Will The Price Rise Again?
Yesterday we all saw a strong sell-off on Bitcoin and a crash in all the crypto markets!
As we know all the Crypto market is correlated to the BTC movement,s.
However In our trading scenario after the price broke out of the wedge pattern
it made a pullback yesterday by moving down by 5%.
From the technical ,perspective the pattern is still intact and the correction looks normal.
The chances are very high that the price will increase again during the coming week.
We should also note that BTC is close to a strong support zone and should grows further.
Thank you and Good Luck!
KCS - Long-Term and Short-Term Scenarios!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is still struggling around support and round number 9.0 - 10.0 support, so we will be looking for buy setups.
From a long-term perspective: (Left Chart)
KCS formed a valid inverse head and shoulders pattern, but it is still not ready to go yet.
For the bulls to take over, we need a break above the gray neckline. In this case, a movement till 15.0 would be expected.
From a short-term perspective: (Right Chart)
For the bulls to take over, we need a break above the blue zone.
Meanwhile, we are bearish and if the bears manage to push below 9.0 and previous low, then we will be expecting further movement downward.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich