KCS/USD - Retest of $21 imminent! 🚀KuCoin Token is on a clear bullish path and about to recover most of its recent losses during the May crash.
At this rate, the bullish momentum should take KCS to the $21 key resistance level.
More so, the indicators are turning quite bullish on higher timeframes.
In this 3-day timeframe, the MACD just did a bullish crossover, this is very significant. So did OBV.
Could this build enough momentum to break above $21? Possibly, particularly because KCS already broke the resistance on the BTC pair (price went above 5k satoshi).
Bias is bullish on this price action and I would re-assess at $21.
Keep a close eye on this!
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Kcs
KCSUSDT Up +80% from its Low. Levels to watch next.The KuCoin Token (KCSUSDT) has risen more than +80% since the May 12 Low. By doing so, it broke again above the 1W MA50 (red trend-line) which was the Support during the rise of 2021. Closing the week above it, strengthens the case of a market bottom.
However, we still have a set of Resistance levels to consider on the short-term. The 1D MA50 (blue trend-line) is right above but in my opinion it is the 1D MA100 (green trend-line) which is more important as during the last rebound from a Lower Low (as you see the long-term pattern is a Channel Down), it rejected the price three times. The 1D MA200 (orange trend-line) shouldn't pose much Resistance if the 1D MA100 breaks.
As a result, if we get a 1D candle close above the 1D MA100, I expect a strong extension to the 21.300 - 22.000 Resistance Zone, which has been rejecting break-out attempts since January 05 2022 and is the difference between the start of the new Bull Cycle and the extension of the current Bear Cycle. A rejection on the 1D MA100, should set in motion a new sell-off to the lower Fibonacci retracement levels.
A break above the 62.80 RSI Resistance, adds more to the bullish case.
I have to mention that overall on the long-term, I view KCSUSDT as one of the best investments in the market. The exchange is always backing the token and enriching the project with new fundamentals.
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KCS/USD - Full steam ahead towards $21! 🚀KuCoin Token has had a great past week with price quickly moving above $14, turning it into support and now rallying towards $21.
The momentum is bullish and the overall market is also giving signs of a significant relief rally incoming.
This may be a much needed change in the price action after two months of non stop price drop.
The daily indicators are all bullish right now, but volume appears to fade a bit. As price approaches $21, the sellers will start coming back in force and likely will do their best to defend this key resistance.
Expect to see profit taking as price approaches $21, then reassess.
For now bias remains bullish.
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KCS is a beast!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
The picture is self-explanatory.
As per my last KCS analysis here, we were looking for buy setups around the 10.0 as it is a strong support / round number intersection with the lower red trendline. (unless broken downward)
KCS is truly a beast, making a massive 77% correction while most altcoins (including many good projects) aren't moving much.
Now What?
The first resistance that might hold KCS down is around the upper gray zone and red trendline. so we might expect rejection from there for a correction movement before breaking that red channel upward.
of course, we will need to zoom in to lower timeframes and monitor price action to confirm the correction confirmation.
For now, we are very bullish and we can still break that upward zone from here.
Which scenario do you think is more likely to happen? Which floor is more likely to hold?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS | Follow the Yellow Brick RoadI'm breaking TA rules here and using a fork in a slightly improper way I know, BUT, "Trust me bro, I've made bongs with less" . . Bonus points if you get the vague movie reference (I don't actually "toke up").
Getting down to business here, just look at the conformity and the historical Golden trendline. We may not be able to short this beauty at the mid-line BUT we can see where it's probably headed along with all of crypto if you're down for a long. To be clear, I would not long until your feet touch the road, avoid the midline.
Follow the Yellow Brick Road my dudes :)
Disclaimer : Not Investment Advice, DYOR
KCS - Standing Strong!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
The picture is self-explanatory.
KCS is overall bearish trading inside the red channel and it is currently approaching a strong support (10.0)
But as usual, we don't blindly. No matter how strong a support is, it can be broken downward.
As per my trading style:
I will be looking for potential bullish reversal setups on lower timeframes (like a double bottom , trendline break , and so on...)
Meanwhile, KCS can still break the 10.0 support, in this case, our next support zone would become the 5.0 area.
Which scenario do you think is more likely to happen? Which floor is more likely to hold?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS/USD - Price at CRITICAL support! 🚨KCS's price is found right on the $17 support level. If broken, then price will likely quickly take a nosedive.
Volume is low and the indicators are all bearish. If the market sentiment does not change soon (which appears unlikely), then KCS's consolidation between $21 and $17 will end with a breakdown.
The next key level of support is found at $15 should that be the case.
With both the stock market and BTC taking a beating it is very hard to be bullish. Therefore, my bias is bearish at this time and prepare for the worse while hoping for the best.
Ideally KCS will be able to have a nice bounce after reaching $15.
Time will tell. Until then, stay safe!
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KCS - Video Top-Down Analysis!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
KCSUSDT A complete 2 month projectionThe KuCoin token (KCSUSDT) is on a 2 day green candle streak, posting a rebound on the Higher Lows trend-line (bottom) of the Channel Up that started after the February 10 High. There are various patterns involved that can help us make projections up to the next 2 months.
First of all, as long as the Higher Lows trend-line of the Channel Up holds, the price is more likely to rise and meet the first barrier of the internal Lower Highs trend-line (dotted line). A 1D candle closing above, should extend the rally to the 22.000 Resistance.
A break below the Higher Lows trend-line of the Channel Up though, should cause an immediate test of the 16.000 Support, where the critical, long-term Support trend-line of the 1W MA50 (red trend-line) awaits. A 1W (weekly) candle close above the 1W MA50, should technically initiate a rebound, which this time will be limited though to the 1D MA50 (blue trend-line). In that scenario, a 1D candle break above the Lower Highs trend-line, should again cause further rise to the 22.000 Resistance.
A 1W candle close below the 1W MA50 along with a break below the dashed line, will most likely cause a test of the 13.400 Support of the January 22 low, which will be alarming as it may cause a longer-term bear phase of 3-4 months.
We have to point out that so far, the 1D RSI favors the scenario of an immediate bounce, as it is on a Lower Highs pattern which for more than 5 months, has delivered a short-term at least rise.
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KCS - Are You Ready?Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is overall bullish trading inside our brown trendlines and now approaching the lower bound / trendline.
Moreover, the area in red is a strong support zone.
Before we buy, as usual, we need the bulls to prove to us that they are strong enough to take over.
As per my trading style:
I will be waiting for a third swing high to form around the upper red trendline to consider it valid then buy on its break upward. Then I will be adding more longs after a break above the upper green zone.
Meanwhile, until the buy is activated, KCS can still dive inside the red zone before trading higher.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCSUSDT pricing a bottom. Check those Support & break-out levelsThe KuCoin token (KCSUSDT) has been under pressure since the April 20 High but since yesterday we see the first signs of a potential bottom.
** Technical Analysis **
As this 4H chart shows, the token is trading on Lower Highs since the March 29 High that formed the 22.000 Resistance level. A 4H Death Cross (MA50 (blue trend-line) crossing below the MA200 (orange trend-line)) will be formed today, which is a bearish pattern but the last time we saw this (March 07), it was formed on a bottom. In fact it priced the bottom and the token turned sideways into a High Volatility Zone until the late March break-out to the 22.000 Higher High.
With the 4H RSI also forming a bottom sequence, it is possible to have the same pattern again. Notice also that the Ichimoku Cloud has already turned red, which previously has been a solid sign for a buy.
Our strategy is to buy towards the Lower Highs trend-line and then engage on the longer term only when the 22.000 Resistance breaks.
** Fundamental Analysis **
KuCoin manages to keep the bar high in the fundamentals section and this week the talk of twitter is the Spotlight Trial Fund. I won't be getting into more detail on this one but you can find more information on this big event on their twitter page.
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KCS/USD - Price about to retest the support at $17! 😱Despite a good attempt by KCS to rally and move above the key resistance at $21, the overall market turned bearish. This took KCS into a correction.
Price is not found at $19 but this level is unlikely to provide bulls with a lot of relief. A better support will be found lower at $17 should KCS continue to fall.
MACD is about to turn bearish on the 3-day timeframe, which is not good. A cross to the negative side would be a major bearish signal.
Volume remains rather low so sellers are not yet convinced and bulls could try to defend price from falling lower.
However, if BTC continues to fall, it is unlikely for KCS to hold off this sell pressure.
Bias is bearish on this price action.
Keep a close eye on the key levels and be patient.
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KCS - Will History Repeat Itself ?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
KuCoin KCS | Bullish ascending triangle leading to breakoutIt's totally crazy how many new projects are listed on KuCoin each day. Most of these projects are probably going to die within the next 2 - 5 years. But keep in mind that KCS has currently a market cap of ~1.46bn USD. Once we see more volume coming into this market, KCS will be my top centralized exchange token. I think it is totally undervalued atm. KuCoin has more trading volume than FTX, while FTT is worth ~3.7x more than KCS. So, that leaves some room for KCS to grow!
From a technical perspective, KCS is forming and ascending triangle. We saw a failed breakout attempt on the 29th March. Since that the price stabilised around its main support trend line.
With the volume slowly increasing, it's almost safe to say that this is setting up for an explosion.
KCSUSDT A complete long-term overview on the 1W time-frameI haven't made a long-term analysis on the KuCoin token (KCSUSDT), and there couldn't have been a better time than now with the recent pull-back on the crypto market, in order to set the big picture straight.
** The Pitchfork application **
This chart is on the weekly (1W) time-frame and I have based it on the Pitchfork tool. As you see, it puts the price action since 2021 into perspective as most of the volatility has been dealt within the Pitchfork's median (dotted line) and the lower 0.5 Fibonacci level (dashed line). That creates a Channel Up that we can work with.
** The 2020 fractal **
Right now it appears that the correction of KCS since the November All Time High (ATH) is similar to the 2020 sequence of January to July. Even the RSI and LMACD indicators are identical. Upon breaking this formation in 2020, the price failed to cross above the Resistance of the High before the March 2020 COVID crash, and continued on a wide consolidation until the eventual break-out and the rally of 2021.
As a result our focus should be the November 2021 Resistance. If broken, I expect KCSUSDT to continue its rise within the Channel Up of the Pitchfork's median and lower 0.5 Fib. If the price gets rejected on the Resistance though, we may see another pull-back and consolidation towards the lower bands of the Pitchfork.
The upside has a strong case so far as the 1W MA50 (blue trend-line) has been supporting since early January 2021. Also notice how the wider phase from 2021 until now is similar to that of April 2019 until July 2020, in terms of RSI and LMACD mostly. In terms of price action the critical difference is that 2021/22 has been inclined upwards due to that Channel Up within the Pitchfork's bands.
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KCS/BTC - Major Breakout vs BTC not seen since 2018! 🚀KCS is about to break above a key resistance vs BTC and set a new high not seen since 2018! 😲
If successful, KCS may enter a rally against BTC... which would be impressive.
On the USD chart (see below my idea), KCS also appears ready to rally, but it is too early to call it on that side. However, on this BTC chart, KCS looks strong.
Monday can be decisive. If KCS breaks away and pumps, it's done.
Expect some exciting price action!
Bias is bullish on this chart and so are the indicators, including volume!
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KCS/USD - KCS Attempts Breakout! Will the market allow it? 🤔 KCS is slowly moving towards $21 which has acted as major resistance in the past and never really let the price rally above it.
Now, KCS is again trying to do the same. Will this time be successful after 5 failed attempts?
The indicators are slowly turning bullish, particularly OBV and MACD. RSI is still flat and the volume does not look that sexy, but it is a weekend.
Let's see if Monday KCS can build some momentum behind this most recent move. For now, the support at $19 has done a good job.
Bias may turn bullish on this price action, but I want to see KCS move above $21 and hold above that level first.
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KCS - Trend-Following Buy Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS broke our gray resistance zone and is now diving back below it.
As per my trading plan, here are the two possible scenarios I am looking for:
1- Bullish Continuation:
In this case, we need the bulls to break the orange flag pattern upward and above the gray area for another bullish impulse movement to start.
2- Deep Correction:
Until the bulls take over as per scenario 1, the bears can still push lower to the 15.0 - 16.0 support zone and form multiple swing highs around the upper trendline before breaking it upward.
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