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KCS/USD - Flat trend continues under $21 resistance! 🤔KCS has been stuck in a tight range for over a month now. The resistance at $21 has held price from any attempts to move higher fou times so far. The support at $19 was broken only once during the Russian invasion of Ukraine, but then the price quickly recovered and went back into its current range. This consolidation is welcomed because it follows after a significant downtrend that started in December 2021. Now, the price is stuck in a grey zone from where it can go in either direction. BTC will likely lead the way and is found in a similar situation (see my BTC idea below). The indicators on KCS remain flat as well without any strong trend. Hence, best to be patient in such moments and let the market decide before taking a position. The bias remains neutral for KCS in the near term. KCS will require quite a bit of volatility to break its current range. This is lacking right now, so we wait. Like and follow if you liked my idea!
by DU09
2
KCS/USD - KCS Downtrend Continues. Support @ $17 🙄 The market continued to fall, making lower lows across the board in the current structure. KCS was no different and broke below the key level at $19 which has now turned into resistance. For this reason, the next key support is found at $17. Likely for price to continue towards that level in the near future. If we look at the indicators, MACD is bearish on the daily timeframe and did a crossover to the negative side not long ago. This means it will take some time to find a bottom and hope for a reversal. This makes $17 likely. Volume remains flat and the RSI and OBV are making lower lows. Hence, bias remains bearish at the time of this post and hopefully KCS can rally again from the $17 support level. Like and follow if you liked my idea!
Short
by DU09
1
KCS/USD - KCS Fails to Move Above $21. Another attempt inbound! KuCoin token tried to move above the key resistance at $21, but failed twice so far as indicated by the yellow arrow. Nevertheless, despite the rejections by the bears, KCS quickly found support at $19 and may attempt another break of the key resistance in the future. The indicators are still very much bullish on the daily timeframe. However, the MACD histogram is making lower lows and if KCS fails to break above $21 again, then the price may fall below $19. Volume continues to remain constant and that is a positive considering this most recent drop in the overall market. Bitcoin and ETH are at a critical level which will be decisive for where the overall market is headed next. KCS will likely follow the market leaders, therefore make sure to check my BTC/ETH ideas as well. Looking ahead, KCS is likely to consolidate in this range between $21-$19 until the market makes a decision where it wants to go. Bias is neutral on KCS. This will change when one of the key levels break. Like and follow if you liked my idea!
by DU09
2
KuCoin Token vs Bitcoin | Facing Strong ResistanceNow we go for KCSBTC (KuCoin Token vs Bitcoin) and this one has also being doing really since January 2021. Now, we can start by saying that the USDT and BTC charts are similar. We do not have the same chart/structure/pattern, but we have the same cycle. A low was set for KuCoin Token (KCS) in December 2020 both vs Bitcoin (BTC) and Tether (USDT), then we have over a year of growth with little correction. Looking from an EW perspective we can have a truncated 5 here... Meaning that the 5 wave impulse is over and a corrective wave should form, but that's predicting of course, let's just focus on the chart. The "very strong resistance" is where we are at now and the signals are not favoring the bulls. We have this bearish candle as bullish momentum wanes: We have a very strong bearish cross on the MACD and the histogram has gone red: The MACD is also at its all-time high, plenty of room available to retrace. Conclusion KCSBTC is likely to continue to grow long-term but a correction has high probability in the weeks ahead. This is not trading advice. You need your own plan/strategy to trade. For example, we never trade such a chart (near resistance/high prices), we look for different ones. I hope you enjoyed this analysis. Thanks a lot for your support. Namaste.
by AlanSantana
4
KCS/USD - KCS Facing Resistance at $20! Can it push through? 🧐After breaking above $18, KCS rallied nicely all the way to $20 where it now faces some steep resistance. Momentum is building up and KCS may attempt a break in the future if the overall market allows it. Key support: $18 Key resistance: $20, $22 KCS rallied over 10% after breaking above $18 to reach the key resistance at $20. Now, market forces are fighting at this key level before the winner will decide where the price is headed next. If the bulls are successful, then the price will likely go to $22 where we find another key resistance as indicated on the chart. If the bears win, then KCS may fall back to the $18 support level. Watch closely BTC and ETH as they will also influence where the market is headed next and KCS too. Technical Indicators: Volume: Volume has been steady, but declining somewhat. Nevertheless, all 3-day candles closed in the green in the past 20 days which is impressive. Perhaps a pullback is expected due to this. RSI: The daily RSI is curving down after the price failed to move above $20. For this reason, do not exclude a pullback and a shallow correction in the future. MACD: The daily MACD is bullish, but the histogram is quickly losing momentum with lower highs. Unlikely for KCS to move above $20 in this context. Bias The bias for KCS is neutral. KCS lost some of its momentum and we could see a pullback. Short-Term Price Prediction for KCS If KCS enters a correction, then the price may fall to $18 before a renewed push higher can be had. For now, watch closely the price action at $20 to get a hint of where the price is headed next. Like and follow if you liked my idea!
by DU09
KCS/USD - KuCoin Token Breakout! $22 Next!After finding support on the $15 level, KuCoin Token (KCS) rallied and used the bullish momentum to break above $18. This puts KCS on a clear path towards $22. Key support: $18 Key resistance: $22 With this latest breakout, KCS has made the $18 level support and is likely to continue higher until the key resistance at $22. This latest breakout has put a stop to the downtrend and if KCS is successful in moving above $22, then the correction that started in December 2021 would be put to an end. Nevertheless, breaking above $22 seems a difficult talks for KCS. Best to be patient and also monitor the overall market. Technical Indicators: Volume: Volume spiked last Friday during the breakout above $18 and buyers are still in total control of the price action. As KCS approaches the key resistance at $22, selling and profit taking may intensify which may lead KCS into a pullback. RSI: The daily RSI made a higher high and is above 50 points. There is plenty of space left until the RSI reaches the overbought zone. MACD: The daily MACD remains bullish and the histogram continues to move higher with momentum on the buyers side. If this is sustained, KCS can easily reach $22 in the nearby future. Bias The bias for KCS is bullish. Short-Term Price Prediction for KCS As long as bulls can maintain the current momentum, KCS is well positioned test the key resistance at $22. However, good to be cautious as price moves higher since bears may attempt to push back on this latest rally. Like and follow if you liked my idea!
Long
by DU09
KCS/USD - KuCoin Token Rallies 20% After Finding Support at $15!After a significant market drawdown, KuCoin Token has finally found a good level of support that can propel the price back on the uptrend. Key support: $15 Key resistance: $18 After a significant drop in early January, KCS has found good support at $15. So far this key support held strong and allowed the price to recover some of the losses with a nice 20% price increase in the past week. This puts KCS back on the uptrend. The first real challenge for buyers will be the $18 key resistance level that will be difficult to crack, particularly if the overall market remains bearish. Technical Indicators: Volume: After a spike in volume during the most recent sell-off, the price entered into an uptrend, albeit on a lower volume profile. So far the bulls managed to have the upper hand, but this will be tested once the price arrives at resistance. RSI: The daily RSI fell into the oversold area during the crash last Saturday. Since then, the RSI rallied and is found at 36 points. MACD: The daily MACD remains bearish, but the histogram and moving averages are quickly curving back up. If buyers can sustain this momentum, they have a good chance to flip MACD back on the positive side. Bias The bias for KCS is mildly bullish. However, it is important to be cautious, particularly as the price approaches the key resistance at $18. Short-Term Price Prediction for KCS If the current bullish momentum is maintained, then KCS has a good chance to test the key resistance at $18. It is too early to tell if buyers will be able to move higher than that. I will revisit the chart once that happens. Like and follow if you liked my idea!
Long
by DU09
KCS/USD - Market Crash, Where Next for KuCoin Token? 😪The crash this week has pushed KCS to $13 for a brief moment. Now, the key level at $15 is being contested by bulls and bears. The winner will decide where KCS is headed next. Key support: $11 Key resistance: $18 January has been a very difficult month for KuCoin Token, losing over 40% of its valuation. The bears took full control of the price action, leading to a major crash. KCS has found some relief at the $15 level. However, if bears continue their assault, then likely for price to drop to $11 which should act as support. The resistance sits at $18 and appears unlikely to be tested any time soon. Technical Indicators: Volume: The drop took place on increasing volume. This is a sign of strength for sellers. RSI: The daily RSI is in the oversold area at 25 points. A bounce could be expected since price rarely sits in extremes for long. MACD: The daily MACD is bearish and this most recent price action has pushed the moving averages and histogram to make lower lows. Bias The bias for KCS is bearish. The indicators as well as the price action shows that the sellers have the upper hand. Short-Term Price Prediction for KCS Considering the market right now, it is best to be patient and let KCS find a good level of support that can stop the price fall. The support at $11 is good candidate for that. Like and follow if you liked my idea!
Short
by DU09
3
KCS 1D Step-by-step long-term investment #5We continue to publish a weekly column on public investing in Kucoin token Why we chose this particular token you can read in our previous ideas for this section using the KCSUSDT ticker search A week ago, we placed 3 buckets of buy orders to go long. Tonight, on a strong next crypto market drain, only the first order to buy 1/3 of the position at $18.81 worked. An interesting fact is that at the time when the price of BTCUSDT and prices of many alts update their lows of the last months, the price of KCSUSD is confidently held by buyers. This is good news, because where are the strong and confident buyers we can less afraid of considering a long-term investment, because the chance that after the next pump the price of the alt is sold at -80% is much lower. Also, what can be the next move of price KCSUSDT adds more intrigue to us the KCSBTC chart The consolidation spring is severely compressed and there will be a powerful impulse soon. If it is down by -15-16%, it is very likely to fill our 2 at $17.66 and 3 at $16.51 long-term long buy orders. However, from past experience such patterns usually shoot upwards. The percentage strength of possible upward impulses is depicted on the chart. If we see that the sellers have run out of steam and the KCS price starts to shoot up, we will buy 2/3 of the position at the market price and update this idea. So if you are interested in this section, subscribe to us and write a comment under this idea, and then tradingview will be the first to notify you of any changes and corrections in this section. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
37
KCS/USD - KCS Preparing the Stage for a Breakout!KCS has formed a descending triangle after failing to push above the key resistance. Now price is compressing in the apex which will lead to an eventual breakout. Key support: $19, $16 Key resistance: $23, $28 ( ATH ) The market has remained bearish in January, with several failed attempts to turn back on the uptrend. KCS is no different and has formed a large descending triangle (in blue) with lower highs and a flat base. The key support at $19 held well so far, but this is likely to be retested soon as price approaches the end of this formation. The resistance at $23 is likely not going to be tested anytime soon, since KCS has to break above the triangle first. Technical Indicators: Volume: Volume remains low in January compared to the rally from late 2021. However, the current key support level has attracted more buyers, giving KCS a good chance to hold above $19. RSI: The daily RSI continues to fall and has made lower lows and lower highs. This is bearish. MACD: The daily MACD is bearish and is currently trying to curve back up. KCS has to break above the descending triangle to trigger a bullish crossover on MACD. Bias The bias for KCS is neutral. Price has to break away from this triangle to confirm its next move. Short-Term Price Prediction for KCS In the near term, expect to see KCS move sideways within the triangle as it consolidates and prepares for an eventual break of this formation. Price can go either way at this time and it may be contingent on the overall market. Until then, you will likely see KCS hover just above $19. Like and follow if you liked my idea!
by DU09
KCS/USD - Ascending triangle. KCS ready for a breakout to $28!KCS has formed an ascending triangle and on the Bitcoin pair it reached a level not seen since 2019! This shows KCS appears ready for a rally as soon as it break above the triangle. Key support: $20, $16 Key resistance: $23, $28 ( ATH ) The market has been flat over the winter holidays and suffered from low volatility. In the case of KCS, price has now formed an ascending triangle (represented in blue) with resistance at $24. If the bullish momentum maintains, KCS can break out with price rushing towards the current all-time high at $28. The support is found at just under $20. It is important to note, that on the Bitcoin pair, KCS has reached a price level not seen since 2019. This is very bullish and may lead KCS much higher versus Bitcoin which has been losing market dominance (now under 40%). Technical Indicators: Volume: Volume has been low over the past two weeks due to the winter holidays, but now things should get exciting again. RSI: The daily RSI has been making higher lows which is bullish. A breakout from the blue triangle can propel it higher. MACD: The daily MACD is bullish. However, there is a lack of conviction from buyers right now. This will likely change quite rapidly once volatility returns. Bias The bias for KCS is neutral with some signs of bullishness. A break above the key resistance at $24 will confirm a bullish bias. Short-Term Price Prediction for KCS KCS appears to consolidate in anticipation of a breakout from this triangle. This can be expected later this week or next week, depending on the market. If KCS can push above $24, then bulls will likely retest the current ATH. Should it fail to break the key resistance, then KCS can fall back on the support at $20. Like and follow if you liked my idea!
Long
by DU09
KCS/USD - Breakdown under $21 on bearish market sentiment!😪KCS had an attempt to break above the $23 resistance, but the buy pressure was not sufficient to make it happen. This quickly turned into a fakeout as price fell under the ascending triangle (in blue). Key support: $20, $16 Key resistance: $23, $28 ( ATH ) The market turned bearish on Tuesday when both ETH and BTC took a downturn that continues today. KCS was unable hold off this sell pressure and was pushed back down towards its support at $20. Today, KCS also broke below the ascending triangle (in blue) that was discussed in my last KCS idea. This makes a test of the $20 support very likely. Technical Indicators: Volume: Volume increase yesterday during the sell-off. This is a bearish sign and today's price continued lower. Unlikely for this to change until KCS reaches the key support. RSI: The daily RSI has been falling in line with price and it is unlikely to curve back up until price holds above support. MACD: The daily MACD just did a bearish cross today. This is likely to be confirmed when the day closes if buyers do not show up soon. Bias The bias for KCS is bearish. Hopefully buyers will return at the $20 support, otherwise, price can fall to $16. Short-Term Price Prediction for KCS The current price action as well as the MACD have turned bearish for KCS. It is unlikely that KCS can rally on its own considering current market conditions. The most likely scenario is for the current correction to continue. KCS has good support on the $20 and $16 levels which can provide a good base to stop this downtrend. Like and follow if you liked my idea!
Short
by DU09
KCS/USD - Downtrend stopped! Rally next? 😍 KCS found good support on the $20 level and is now consolidating in a flat trend. This is a positive sign as it puts a stop to the downtrend and may prepare the stage for an eventual rally in price. Key support: $20, $16 Key resistance: $23, $28 (ATH) The market turned back up on Tuesday when both ETH and BTC broke above key resistance levels. KCS also bounced, but this was not so significant and price entered into a range stuck between the key resistance at $23 and support at $20. KCS also appears to have formed a small ascending triangle. Breaking this will likely bring more momentum. Technical Indicators: Volume: Volume continued to decrease this week and likely we can expect some new volatility as soon as price leaves the ascending triangle. RSI: The daily RSI made a higher high, but the current price action lacks conviction. Therefore, to have more confidence in the price action, volume has to increase. MACD: Good news on the daily MACD as it did a bullish crossover! This is significant and may signal that KCS is preparing to rally soon. Breaking above the ascending triangle will be a good sign that this can take place. Bias The bias for KCS is neutral right now. A break above $23 would put KCS back on the bullish side. Short-Term Price Prediction for KCS The current price action as well as the MACD seem to suggest that KCS is preparing for a possible breakout from this ascending triangle and an eventual test of the $23 resistance level. If successful, KCS can resume its rally. Like and follow if you liked my idea!
by DU09
2
KCS/USD - Bearish Cross Warning! KCS under Pressure!Kucoin Token (KCS) just made a bearish cross on the 3-day MACD. This is a major warning that the current uptrend may come to a halt soon. Key support: $17, $15 Key resistance: $26 Price is currently still above the $21 level, however this will likely not last due to the bearish momentum that is currently building up. If buy pressure does not return soon, then price will likely fall to the next key support at $17. The key resistance still sits at $25. Technical Indicators: Volume: Weak volume in the past few days and the price action shows this as bulls struggled to keep price above $21. This is bearish. RSI: The RSI has made lower highs even as price made a new all-time high at $28.7. This is a bearish divergence which may empower bears to take control of price in the near term. MACD: As already indicated, the moving averages on the three day timeframe did a bearish crossover. This is a major warning sign that a reversal in the trend may be taking place, at least in the near term. Bias The bias for KCS is mildly bearish at this time. If price falls and closes on the daily timeframe under $21, then KCS is likely to test the lower support level found at $17 and $15. Short-Term Price Prediction for KCS If the bearish crossover on the MACD is confirmed, then KCS is likely to fall under $20 and search for new support. Once the bulls find their footing again, the uptrend can resume. Until then, the short term bias remains bearish.
Short
by DU09
KCS/USD - Kucoin Token holds strong despite market carnage!!!Centralized exchange tokens have held very strong despite today's market meltdown. This is clearly shown by the KCS/BTC chart, where KCS is in the green versus Bitcoin. The same applies to BNB or FTT. This means demand for exchange tokens remains high and the bears did not manage to break their key support levels. Despite a drop to $18 during the crash, KCS recovered entirely and is now firmly placed above the support line at $21. This is again a sign of strength! Key Support level: $21 Key Resistance level: $34 The bears did not manage to close the price below the key support level, this is bullish and shows the bulls remain in control of KCS's price. Technical Indicators: Trading Volume: High volume on this drop, but KCS recovered well and FAST. This is bullish. RSI: The RSI continues to drop on the daily timeframe. Bulls need to be careful as bears may attempt another break of this key support and it is important for KCS to not lose this level. MACD: The 3-day MACD remains bullish, but it is fast approaching a bearish cross. Hopefully, KCS manages to consolidate at this level and not close a daily candle below the key support. Bias: The bias for KCS is neutral at this time. Best to be careful considering the current market conditions. The bears may attempt another break of the support level. If they are successful, KCS can quickly fall towards $15. Short-Term Prediction for KCS Price: Expect to see KCS price just above the $21 support level in the near term. But watch out, as this level has been under a constant attack from bears. Price has held well every time so far. If the overall market continues to drop, then the pressure will build up on bulls. Also check my BTC idea below for a status update on the overall market. Like and follow if you liked my idea!
by DU09
2
KCS/USDT ($22 Acted Support)💎Technical Analysis Summary💎 KCS/USDT -On November 25th, KCS tried to break the recent ATH level -But due to Bitcoin's downward movement of at least -10% -The attempt to hit a new level has failed -The good side though is still bullish -Since the important EMAs are respected to date -If the overall market will remain stable next few days -I expect KCS to retest the ATH level again -I'll provide a new update as soon as new data develops KCS is the native token of KuCoin, which was launched back in 2017 as a utility token that allows traders to share the growth benefit of the exchange. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain. As the native token of KuCoin, the value of KCS is strongly correlated with the KuCoin exchange platform. KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges. It currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 8 million users in 207 countries and regions around the world. For more info about KCS and Bonuses, please visit the link under my Signature Field. ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
by PolarHusk
7
KCS/USD - Bulls maintain the upper hand! KCS holds above $21!Kucoin token (KCS) has been put under a lot of pressure as the bears attempted again and again to break the key support level at $21. So far the bulls have won every fight and price has stabilized just above this key level. Key Support level: $21 Key Resistance level: $34 This week, volatility on the market was very high with BTC falling to $54k and ETH to $4k. Despite these drops, KCS has managed to maintain its price above $21. This is a sign of strength. However, when a support level is tested again and again the chance of it breaking also increased, therefore the bulls better push KCS higher soon to avoid this scenario. Technical Indicators: Trading Volume: Volume has remained sustained, both on bullish and bearish days. Interest in KCS is high, particularly at the current price level. RSI: The RSI dropped under 70 points, but now appears to curve back up. Should the RSI go above 70 points again, then a rally becomes likely for KCS. MACD: The 3-day MACD remains bullish, however, the histogram is falling. On the daily timeframe, MACD has been bearish for a while, but so long price is above $21 this is not too concerning. Bias: The bias for KCS is bullish and will remain so as long as price does not fall below $21, which is the current support. Short-Term Prediction for KCS Price: Expect to see KCS price just above the $21 support level. A breakout appears unlikely at this time and KCS can continue to consolidate for a while around this level before either the bulls or bears take control of price. Like and follow if you liked my idea!
Long
by DU09
2
KCS - Outlook ✅KCS - KuCoin KCS is heading to retest the ATH ($27.888). The market is showing Buy Volumes for this coin right now, and also, the value just got support from the lower Bollinger Band. Since we don't see enough Buy Volumes to breakout and pass ATH, we might move sideways to consolidate for a while and build a better, solid value. There are two support areas on the chart. The first one is the local support zone which can hold the price and push it back up in case of any sudden market crashes. The lower support zone is our Solid Support area which is our most substantial demand zone. Use this chart as your trade setup for now; I'll keep it updated. Current Market Price: $24.203 Let me know your ideas. Good luck.
by ShawnMCR
10
Kucoin explodingHello. Do you know KCS? Otherwise I'll introduce you here. Fundamentalist analysis KCS is the native currency of Kucoin, one of the largest exchanges in the world. It is used as a utility token (to lower rates), and also in the same broker's KCC blockchain in the DeFi ecosystem. In other words, it is to Kucoin what BNB is to Binance. On the DefiLama website, which specializes in analyzing DeFi data, the KCC blockchain was first created in August of this year, so it's pretty recent. According to this same site, this blockchain has a TVL (Total Value Locked) of $17,060,873. So it's an ecosystem that is growing and is just beginning. The supply data for this currency are: Total Supply: 167,073,331 units Circulating Supply: 77,073,331 units Graphical Analysis KCS/USDT On the monthly chart against the Dollar we have a breakout in a "Cup and Handle" pattern. By plotting the Fibonacci range, the next target is at $89, which is a very promising thing. KCS/BTC and KCS/ETH On the same graph against Bitcoin and Ethereum, we also have a breakout of a resistance. Considering the last historical top in these two assets, we have an upside of around 100%. Hope this helps, greetings
Long
by andre_007