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.
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Kcsusd
KCS 1D Step-by-step long-term investment #1Hello, today in our review we have a pair of KCSUSDT
To begin with, we recommend to look at our previous idea to understand the logic of why we bought this coin.
And today we will show you on our example how we have placed orders on our position, and once a week we will update the position information + add opinions on the KCS coin and the crypto market in general.
We see that BTCUSDT price went up today and consequently alts are slowly starting to follow the main cryptocurrency. If you missed it, below are our fresh thoughts on BTCUSD and alts in general.
Recall that our position KCSUSDT we gained in the range of $20-21, the average price is $20.5, for ease of future calculations, let's fix that the position size is conventional $1000
We will now divide our position into three equal parts and set separate take profits and stops, and observe which trading strategy and expectations in the future will be most justified in the current market.
1) Short-Term Trade. Entry $20.5, Take $27.50 (+34.15%), Stop $8.59 (-9.32%). If the take profit on this part of the position triggered in the near future, the return on it will cover the possible stops of the next two positions and give a minimum profit for the entire position.
2) Medium-term trade. Entry $20.5, Take $36.00 (+75.16%), Stop $18.59 (-9.32%). Longer term price movement, but profitability is two times higher than in the short-term trade. Profit should be taken from "the table" in time.
3) Long-term or investment trade. Entry $20.5, Take $110.00 (+436.59%), Stop $18.59 (-9.32%). The logic is as follows: a short-term trade - leads a position to no loss, medium-term trade - gives a return that covers the time spent when funds are frozen in the position. And in the long-term trade, we do not lose anything and can set the most ambitious goals from above that are obtained according to our calculations.
The maximum loss that we can get for the entire position is -9.32%. If the price goes below $18.59, a stop will trigger, and we will make a loss, but at the same time we will free up funds and be able to re-buy KCS again below in the range of $13-15.
There is nothing wrong with trading with stops, stops save your deposit from large and long drawdowns. You just need a cold mind and adequate calculation of risks and possible profits.
Well, what to think and guess, time will show what trading strategy will be most justified in this situation.
We do not know yet whether we will update this idea or do a series of ideas with updates.
So please like us and write a comment not to miss anything and subscribe to us and tradingview will send you notifications when we update.
Have a great weekend everyone)
_______________________________
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 :)
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!
KCS/USD - Downtrend continues as KCS searches for support! 🧐As indicated in my last idea, Kucoin Token (KCS) made a bearish cross on the 3-day MACD, signaling that price is found in a downtrend. This was confirmed this week when KCS failed to rally higher and was pushed back down.
Key support: $20, $16
Key resistance: $23, $28 (ATH)
Unfortunately for bulls, KCS was unable to rally and has fallen to the $20 support level. If that will not hold the current downtrend, then the next support is found at $16. The resistance at $23 appears unlikely to be tested anytime soon.
Technical Indicators:
Volume: Volume decreased this week. The price action lacks conviction and the bears appear to have the upper hand as buyers are scarce.
RSI: The 3-day RSI continues to fall lower with lower highs and lower lows. As long as this continues KCS is in a downtrend.
MACD: As already indicated, the 3-day MACD is bearish and this is unlikely to change soon. Moreover, if KCS will not reverse the downtrend soon, then the MACD on weekly may also turn bearish. That would signal a major bearish reversal similar to BTC and ETH, that already had this signal.
Bias
The bias for KCS is bearish right now.
Short-Term Price Prediction for KCS
The current downtrend for KCS has only started and it is best to be cautious considering current market conditions. Both BTC and ETH show major weakness in the market and KCS may be under a lot of pressure due to this. Best to wait for signs of a reversal before turning bullish again. Until then, KCS has good support on $20 and $16.
Like and follow if you liked my idea!
KCS - Trend-Following Setup!KCS is overall bullish trading inside the orange megaphone pattern.
Since it is sitting around the lower bound / trendline and green minor support, we will be looking for Trend-Following Buy setups.
However, KCS broke below the green zone, and it is currently retesting it, so the bears might still kick in for another bearish impulse till the lower blue support.
In this case, we will be looking for new buy setups as the price approaches the blue support.
That's why we want to wait for extra confirmation before buying , by waiting for a break above the gray area. In this case, the bulls would prove control again by breaking above the green zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS Mission Impossible: Have time to jump in to the Last WagonToday, we present to your attention a trading pair of KCSUSDT
It is a working token of KuCoin and an alternative to BNB from Binance
= It looks like the 5th impulse wave upwards is now incipient.
= If you look at the chart globally, almost 2 years from 2019 to 2021 the KCS token accumulated in the highlighted white zone on increased volumes.
= Then, in the spring of 2021, we had wave 3 with a spread of 3,000% growth.
= And in the last 3 weeks the KCSUSD buyers have shown their strength. Despite quite strong BTCUSDT falls, the KCS buyers aggressively bought back the falls, without lowering the price below $18.50.
By their actions they drew big shadows on the chart from the bottom and at the same time showed that the KCSUSDT price is standing higher than the previous absolute highs.
Given these facts, and if we compare them with our thoughts about the future of the BTCUSD price
We can expect that KCSUSDT price can grow by +/- 400% from the current price to the area of $100-110.
The intermediate target is $36.
We were buying at $20-21 and had the bucket at $13-15 but without result
Since we are trading on what we see on the chart, we now have faith in a decent growth in our mid to maybe long term investment.
_______________________________
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 :)
KCS - My Trading Plan in a picture!KCS is overall bullish trading inside the orange megaphone pattern.
Since it is sitting around the lower bound / trendline and green minor support, we will be looking for Trend-Following Buy setups.
on H1: price formed a valid trendline in blue and broke its last swing upward.
However, KCS broke below the green zone, and it is currently retesting it, so the bears might still kick in for another bearish impulse till the lower blue support.
In this case, we will be looking for new buy setups as the price approaches the blue support.
That's why we want to wait for extra confirmation before buying , by waiting for a break above the gray area. In this case, the bulls would prove control again by breaking above the green zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
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.
KCS 1D Looking at the graph, we believe in growthToday, we suggest analyzing how KCSUSDT price behaved during the recent crypto market crash.
But first, we recommend rereading our series of ideas for the pair KCSUSDT to understand the logic of our thoughts, below you can see the previous one.
As you can see from the chart, our buy orders in the $20-21 area are fully executed, but the buckets to spill into the $13-15 area are not filled.
This is both sad and happy.
Sad , because aggressive buyers did not allow us to buy cheap, and happy - because the buyer's confident payoff confirms that we analyze correctly and there can be a good growth ahead for the KCS price.
The large shadows from below on the daily candlesticks (circled in red) signal aggressive buying on the market pouring in, and technically we got a filigree retest of the liquidity zone from April 2021.
We will still hold buckets on the strait in the $13-15 zone, but we very little believe that the price of KCSUSD will fall there, because the price behaved decently on the previous fall. It's more likely that the KCSUSDT will probably quickly get the first intermediate price from above - $36.
Global targets unchanged $100-110 per Kucoin Token
_______________________________
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 :)
KCS - Trend-Following Setup!KCS is overall bullish trading inside the orange megaphone pattern.
Since it is sitting around the lower bound / trendline and green minor support, we will be looking for Trend-Following Buy setups.
As per my trading style, I will be looking for bullish reversal setups on lower timeframes like a double bottom, trendline break, and so on...
[bKCS would be overall bullish unless the sellers manage to break below the green zone downward, then a movement till the lower blue support would be expected where we will be looking for new buy setups to form.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
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!
KCS - Trend-Following Setup!KCS is overall bullish trading inside our blue channel so we will be looking for Trend-Following Buy setups as it approaches the lower blue trendline.
Moreover, the green area is a medium-term support area.
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline.
As per my trading style:
I will be waiting for it to approach the highlighted purple circle area to look for buy setups (like a double bottom, trendline break, and so on...)
We would be overall bullish unless the sellers manage to break below the green zone downward, then a movement till the lower blue support would be expected where we will be looking for new buy setups to form.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Will we see exponential growth on KCS?KCS is slowly but surely preparing for its fifth wave, which should end over the rising channel!
KCS is undoubtedly completing its growth cycle, which will be followed by a correction. This correction can range from -50% to -80% . At best, this correction will end at the bottom of the channel, at worst, below it, which could mean a longer consolidation for KCS. This would mean more time and better prices for us to buy
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 💱
``````````````````````````````````````````````
KCS 12h Buyers do not give up, next it will be more interestingAnother week has passed, and we are doing the idea of the pair KCSUSDT again
The weekend was very interesting, but let step by step
First, to understand the logic of our thoughts, we recommend you to look through our series of ideas for the KCSUSDT trading pair
We wanted to buy KCS at $20-21 , moreover, we even bid buckets in the range of $13-15 , but the price is not going down)
And we see global goals for growth in the area of $100-110.
Now let's have a look at our idea of BTCUSDT, which we also wrote last week.
And now let's compare the charts.
As you can see on today's double chart, on 26.11 there was quite a strong fall in the cryptocurrency market, but the price of BTCUSD updated the minimum, but the price of KCSUSD was held by aggressive buyers and did not allow to update the minimum.
We see that Bitcoin and KCS form different consolidation patterns, but from our own experience and observations we now bet on the continuation of growth
In crypto anything can happen and no one is insured from "black swan" , that's why we still hold buckets at $13-15. However, the fact is that the price Kukoin token is kept strong and in our desired buying zone of $20-21, we have performed only one buy order, maybe we will have to buy higher, time will show)
_______________________________
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 :)
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!
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.
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
KCS/USDT (EMA23 Acting Support)💎Technical Analysis Summary💎
KCS/USDT
-Not much update for the KCS coin as the price is trading in a range
-Currently, the EMA23 is still being respected with the confluence of Fib 0.382
-If we can see a strong move above 25 dollars in the coming days
-That could signal an uptrend continuation and potential new ATH levels
-For now, the market is calm and waiting for a signal direction
-If you are holding this coin, you should have a stop loss below $20
-Because a breakdown below 20 dollars may lead to mid-term correction
-Be cautious, because the overall market is not yet stable
-Things can go wrong fast so always have a trading plan with proper stop loss
-Good luck everyone and stay safe!
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 - Trend-Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
KCS is overall bullish trading inside the blue channel and now approaching the lower bound / blue trendline so we will be looking for trend-following buy setups on lower timeframes.
on H1: KCS is forming a symmetrical triangle in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Unless the bears manage to break below the green zone, then a movement till the blue support 15.0 would be expected where we will be looking for new buy setups.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich