KCS/USD - Support held, KCS aiming for $34 next! 🚀Kucoin token (KCS) had an attempt to push higher after breaking above the ascending triangle, however the broad market correction from this past week stopped it and price fell back on the key support. KCS price is now again trying to move higher.
Key Support level: $21
Key Resistance level: $34
This week, KCS consolidated just above the support line and even if the crypto market had a sharp correction, KCS managed to hold well above the $21 support. This is a sign of strength and provided that the overall market does not correct lower, KCS has a real chance to move higher towards the next key resistance at $34.
Technical Indicators:
Trading Volume: Significant volume in the past few days, however bulls came in strong at the support level and stopped any attempt from bears to push price below $21.
RSI: The RSI is curving up and this last 2-day candle is looking strong, recovering most of the losses from the past week. As such, the RSI may soon break back above 70 points. This is a very bullish signal.
MACD: The MACD is bullish and the recent correction did not affect this momentum. If KCS can maintain this price action and continue to move higher, then it is unlikely there will be much to stop price reaching $34.
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:
Despite the recent market correction, KCS has remained very strong and recovered most of the losses. At the time of this post, price is sitting at $25 which is not far from the current all-time high (ATH) at $27.8. If momentum remains strong, KCS can rally and break the current ATH and move towards the next key resistance at $34.
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KCSBTC
KCSUSDT Technical Analysis⏳ Spot
💎 KCSUSDT has formed a symmetrical triangle. After the breakout it is expected to go higher. We might see a Pullback before the breakout after the rejection from the resistance zone
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💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 23.848 - 21.631
☕️ TP1 25.976
🍺 TP2 29.483
🍻 TP3 33.071
🍾 TP4 36.500
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 21.631 - 19.518
Good Luck 🎲
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KCS/USDT (Fib 0.382 Acted Support?)💎Technical Analysis Summary💎
KCS/USDT
-First of all, BTC broke bearish down to 55k dollars today
-Most altcoins are affected by this downward move
-But this KCS coin showed strength and still respected the EMA23
-This moving average is a confluence of Fib 0.382 level
-That could be a good oppurtunity for the Bulls to re-enter this market
-For now, there is no major red flag of KCS, so the priority remains to the upside
-But if the Fib 0.382 is broken, that could be a potential start of deep correction
-Be cautious when trading today as the market still not stable
-Always follow your stop loss and reduce your position size if possible
-Good luck and stay safe everyone!
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 💱
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KCS/USDT ($21 Short-Term Support)💎Technical Analysis Summary💎
KCS/USDT
-KuCoin Token is technically respecting the EMA19 on the 12H timeframe
-The Bulls are always buying the pullback oppurtunity every time the EMA19 is hit
-Currently, there is a short term consolidation with support at 21 dollars and resistance at 25 dollars
-If this pattern breaks above the 25 dollar ATH price, the next minor target is at 26-27 dollars using Fib ext.
-The priority remains to the upside, still expecting a potential continuation due to price discovery
-No major red flag yet despite the bearish move of BTC recently
-Following the trend is the easiest way because that is where the least resistance
-If you are following this coin, make sure you have a stop loss below EMA19 to protect your profit
-I'll give a new update if a breakout or new pattern is developed
-Good luck and stay safe everyone!
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 💱
``````````````````````````````````````````````
KCS/USD - Consolidating before another leg up! $34 Next? 🤩Kucoin token (KCS) had a fantastic year with a 30x price increase since January! This strong performance is expected to continue as long as the market remains bullish.
Key Support level: $21
Key Resistance level: $34
This week, KCS broke the all-time high from Jan 2018 ($21.3) and set a new record at $25! Since then KCS has been consolidating above the $21.3 support level (which was previous resistance).
The price has also formed a very steep uptrend which so far has held strong. If the current support holds, expect to see KCS attempt to go much higher with the next key resistance sitting at $34.
Technical Indicators of KCS Price:
Trading Volume: Volume exploded as soon as KCS broke above the all-time high from 2018. This confirms the breakout.
RSI: The RSI has been hovering around the 70 points area for a few weeks now. This shows a strong bullish momentum. However, the RSI has also formed a bearish divergence on the daily timeframe. This may indicate a consolidation period or even a short lived pullback is possible before further price increase. For now this is not confirmed and a break of the trendline is needed to confirm it.
MACD: The MACD is bullish, particularly on higher timeframes such as weekly. While the daily histogram is making lower highs, this does not become concerning unless KCS break below the key support.
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:
KCS has a very strong momentum behind it as indicated by the steep trendline. So long this is maintained, KCS can make further gains without any significant pullbacks. Expect to see KCS price just above $21 in the near future. If bulls can defend the $21 support level well, then KCS can aim higher towards the next key resistance at $34.
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KCS/USDT (New All-Time High Level)💎Technical Analysis Summary💎
KCS/USDT
-KuCoin Token broke out of the strong key resistance level in January 2018
-But before the ATH happened, KCS formed a bullish triangle pattern on the weekly time frame
-During the pattern consolidation, the price respected the EMA30 at least 3 times
-Until the mid resistance 15 dollars is broken upwards and 20 dollar ATH level is achieved too
-Since this is a new level of market structure, we could expect any form of price discovery very soon
-What would be our potential upside targets? we can use Fib extension to potential look for sell areas
-But for now, I will wait first for the weekly candle close to giving me analytic data
-And look at the lower timeframes for short term moves which we can easily manage
-I will provide new updates in the coming days, let us look first at what is KCS?
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.
KCS - Kucoin, possible $100? CMP : $15Hello Guys,
I got this view from my friend - Khan, nice guy.
And my analysis, Most of the exchange based coins rallied many fold above recent ATH.
KCS is pending.
A possible rally to $100 or more in this bull run, so I bought and will add on dips for the target of $100.
Post your thoughts.
KCSBTC Technical Analysis⏳ Spot
💎 KCSBTC has been moving along the ascending channel and has been making HHs and HLs. It has broken above the channel, I expect a retest before it continues higher.
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🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 0.0002335 - 0.0002275
☕️ TP1 0.0002666
🍺 TP2 0.0002920
🍻 TP3 0.0003365
🍾 TP4 0.0004000
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 0.0002150
Good Luck 🎲
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
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KCSUSDT Technical Analysis
⏳ Spot
💎 KCSUSDT has formed a Triangle. The price action shows that the Bulls are pushing the prices higher but we might see another rejection from the resistance before we go higher.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 12.750
☕️ TP1 15.025
🍺 TP2 15.635
🍻 TP3 16.200
🍾 TP4 17.000
🍷 TP5 18.500
🍸 TP6 19.750
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 11.750
Good Luck 🎲
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a Profitable Day