KCSUSDT You can still make profit on this rally.The KuCoin Token (KCSUSDT) is having a remarkable rally since November 05, which the last 2 days in particular being the strongest of the sequence. This sequence is supported by a Higher Lows trend-line, moving parallel to the 1D MA50 (blue trend-line). Having broken above the Bear Cycle's Channel Down, the trend turned parabolically bullish and has already smashed through one 18 month Resistance level. As long as the Higher Lows hold, there is still time to buy and take advantage of this momentum, to target the next Resistance in line at 18.000.
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Kcsusdtsignals
KCSUSDT At the bottom of the 2.5 month Channel UpThe KuCoin token (KCSUSDT) has been trading within a Channel Up since the July 03 low. At the moment, following the September 12 rejection on the 1D MA50 (blue trend-line), the price is at the very bottom zone (Higher Lows) of the Channel Up, a level where it last rebounded on August 29. The current Resistance levels on the short-term are the 1D MA50, the 1D MA100 (green trend-line) and the 0.618 Fibonacci retracement level from the dominant long-term Channel Down that started after the December 01 2021 market Top.
Technically a break below the the bottom of the Channel, targets first the July 03 Low and if we close below it too, then the 0.5 Fib near $7.000. With the 1D MA50 potentially about to cross above the 1D MA100 to form a Bullish Cross, and more importantly the MACD on the 1W time-frame above to form the first Bullish Cross since October 21 2021, the KuCoin token may very well reverse aggressively, even on the medium-term and after breaking the 1D MA100, target the 0.786 Fibonacci level.
Overall KCSUSDT remains one of the best long-term investments in the market not just for technical but also for fundamental reasons I have previously explained.
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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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KC !! Wait to what will happen in the next DaysKC was on a long-range since December 2021 after a massive uptrend.
the break of the range may give an essential signal to position long on Coffee.
if the market breaks down, it could be a significant signal to go short and expect a target 0.5 Fibonacci retracement (162.30$)
KCSUSDT Consolidating for now. Opportunities trading break-outsThe KuCoin token (KCSUSDT) has been consolidating around both the 4H MA50 (blue trend-line) and the 4H MA100 (green trend-line) for the past week while being on Higher Highs and Higher Lows since the August 29 Low. We view this as a consolidation phase for the next big move not necessarily an emerging bullish set-up as the trend has been bearish medium-term since the August 10 High. It is however the first time since that top, that the short-term price action looks more promising.
Regardless of that, there is a Lower Highs trend-line to respect and until the previous Lower High (9.820) breaks, we should expect further downside it the current Support (8.900) breaks. In that case, wait for the price to enter the bottom of the RSI Support Zone, before buying again. As you see this Zone has been extremely consistent at identifying buy entries since June 18.
On the other hand, the buy break-out signal will be when the price breaks above the 4H MA200 - 1D MA50 Resistance cluster (orange and red trend-lines) respectively, which is currently exactly where the previous Lower High of August 25 is (8.900). In that case, the medium-term trend should switch back to bullish and we can target first 10.500 and then the 11.000 High.
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KCSUSDT Moment of truth for the KuCoin Token.The KuCoin Token (KCSUSDT) just made a Bearish Cross with the MA50 (blue trend-line) crossing below the MA100 (green trend-line) on the 12H time-frame). This is coming less than a month after the opposite pattern, the Bullish Cross on August 05.
The last time we saw this exact sequence of technical events was between April 05 and May 03. As you see, even the LMACD sequences are similar. After the price failed to break the MA100 it fell to the final consolidation belt where the Bearish Cross was formed and that initiated a massive sell-off. So far this is exactly what has been happening, with KCS being rejected on the MA100 and now consolidating as the Bearish Cross was formed.
Technically a break below this week's low can trigger another sell-off. On the other hand, a break above the MA100, invalidates the bearish bias of that past fractal. Indeed a moment of truth for the KuCoin token, a project that we believe a lot and stand behind it as a solid long-term investment.
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KCSUSDT 1d - our target $14Kucoin token has reached the important mark of $9 . In our previous forecast, the price of KCS was at a critical point, from which there was a high probability of a reversal and the formation of a new falling wave:
As we can see from the previous forecast, the previous red scenario worked and now is the time to buy KCS.
However, looking at the prospect of bitcoin continuing its wave of decline, we recommend dividing the amount of investment in the kucoin token into 2 parts: in the range of $9 and in the range of $7.5. In the case of the formation of the last wave of decline in the cryptocurrency market, you will get a good average price of $8.25.
KCSUSDT's first growth target remains near $14
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KCSUSDT Important Lower Highs trend-line for the short-term.The KuCoin token (KCSUSDT) got rejected heavily on Friday as it failed to break above the 1D MA50 (red trend-line). As a result it failed to sustainably recover the 4H MA50 (blue trend-line) and dropped to a new Lower Highs trend-line.
That live has provided the previous (short-term) rebound on August 19. The common characteristic is that when the price rebounded on the trend-line, the 4H RSI bounced also on its Support Zone that goes back to June 19. As you see, whether KCS has been on an uptrend (Higher Lows) or (now) a downtrend (Lower Highs), it was provided always a price jump.
When it was on an uptrend, the price always hit the 4H MA100 (green trend-line) as part of a Support Zone, so we expect that it will do the same, this time as part of a broader Resistance Zone. As a result, if the price rebounds, we will be targeting the 4H MA100 on the short-term.
A break above the 4H MA200 (orange trend-line) should be enough to restore the medium-term bullish trend. A closing below the Lower Highs trend-line, should start a quick drop back to the 8.040 Support.
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KCSUDT going for the 1D MA100 test, 1st time since April!The KuCoin token (KCSUSDT) continues to trade within a very steady Channel Up pattern since the July 03 low, having turned the 1D MA50 (blue trend-line) into a Support for the past 13 days. This is the longest since the end of the Bull Cycle in 2021.
The next Resistance is the 1D MA100 (green trend-line), which could make contact with the price just above the 0.618 Fibonacci retracement level of the long-term Bearish Channel that KCSUSDT has been trading in since the December 01 2021 All Time High (ATH). The 1D MA100 has been unbroken since April 29 and as you see on the chart, it has had 4 clear rejections within 2022 already. As a result a closing above it will be a major bullish continuation signal, targeting the 1D MA200 (orange trend-line).
This is quite likely to happen on the long-term, considering that the MACD on the 1W time-frame is about to make a Bullish Cross for the first time since October 22 2021. On the short-term however the 1D RSI has been rejected inside an 8 month symmetrical Resistance Zone so it is more likely to see a test of the 1D MA50 as a Support, before the 1D MA100 breaks.
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KCSUSDT July's Channel Up is still holdingThe KuCoin token (KCSUSDT) has been trading within a Channel Up pattern since the July 03 Low. This analysis is on the 4H time-frame where the price has turned the 4H MA200 (orange trend-line) into a Support, trading around the 4H MA50 (blue trend-line). It may have broken also above the 1D MA50 (yellow trend-line) but we can't claim this as bullish yet as the very same pattern was last formed on the late May sequence which was a top pattern.
The confirmation for its break downwards came when the 1D MACD formed a Bearish Cross. Pay close attention as the MACD is again close to forming that. If the price breaks below the 4H MA200 again, it is a sell signal towards the July low. Until then, the short-term trend remains bullish within the strict structure of the Channel Up, targeting the Higher Highs (top) trend-line.
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KCSUDT The last barrier it has to overcome before $14.000The KuCoin token (KCSUSDT), one of the most promising coins in the market, tested yesterday and broke today above the 1D MA50 (blue trend-line). This is basically an extension of the analysis we made two weeks ago, stating the importance of the 4H MA50 (yellow trend-line) for a short-term rise:
We got the break-out and the mini rally and now the price is testing the next strong Resistance on the 1D MA50. However, this may not be enough to sustain a new rally as both the 1D RSI and MACD indicators are printing sequences similar to those of May 31 that formed a top. The RSI is on a V-shaped pattern with the 2nd top being the May 31 High, while the MACD following a squeeze seems to be turning sideways.
On the May 31 peak, the price got rejected on the 0.786 Fibonacci retracement level, which is exactly where we are at now. As a result we should only feel comfortable to extend buying if the 11.200 Resistance (June 26 High) breaks. In that case we can target $14.000 if not higher.
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KCSUSDT 1W MA100 test after 1 month.The KuCoin Token (KCSUSDT) is on a strong 1W green candle, the 2nd in a total of 3 weeks since the July 03 bottom. If it closes the week in green it will be the first time to have 2 green weeks among 3 since early April.
The most important development though on the 1W time-frame is that by doing so, the token is about to test the 1W MA100 (green trend-line) for the first time since the brutal break below on the June 27 weekly candle. That is a very quick recovery though, typically indicative in market bottom formations.
As you see, the 1W MA100 is the first Resistance test before the crucial 1D MA50 red trend-line), something we analyzed in our last post:
Failure to break above this Resistance cluster, risks an immediate rejection back to the 8.085 Low and if it breaks, selling extension to the Lower Lows trend-line of the long-term Bearish Megaphone pattern, which can make a 1W MA200 (orange trend-line) test for a new Market Bottom.
A break above the Resistance cluster of the 1W MA100 and 1D MA50, will target the top (Lower Highs trend-line) of the Megaphone, potentially on the 0.5 Fibonacci retracement level. Note that this is the more likely scenario to take place, especially if the 1W RSI breaks above its MA (yellow trend-line), as the RSI is rebounding after scoring the lowest reading in history. Watch also the 1W LMACD for a Bullish Cross, the first since October 18 2021, that will most likely confirm the shift to a new Bull Cycle. That will most likely coincide with a break above the 1W MA50 (blue trend-line).
Overall we are very bullish on KCSUSDT long-term.
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KCSUSDT Bullish divergence on 1D targeting the MA50The KuCoin Token (KCSUSDT) is on 4H MA50 (yellow trend-line) rejection coming off the July 03 rebound on the Lower Lows trend-line of the long-term pattern. The 1D RSI is on Higher Lows while the candle action has been on Lower Lows, thus a Bullish Divergence has been spotted.
Our plan is to buy upon break-out, namely a candle close above the 4H MA50 and target the 1D MA50 (blue trend-line). Similarly a bullish break-out above the 1D MA50 can target the 1D MA200 (orange trend-line). We are only willing to sell if the price breaks below the Lower Lows trend-line and target the 1W MA200 (red trend-line). Note how the LMACD printed a Bullish Cross, typically such formations in 2022 targeted the 1D MA50 at least.
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KCSUSDT on the Channel's bottom. If broken = Selloff to 1W MA200The KuCoin token (KCSUSDT), is having a very bearish 7 day stretch that has brought the price exactly on the Higher Lows (bottom) trend-line of the 14 month Channel Up. All this bearish sentiment is coming amid general negativity in the crypto market and despite KuCoin's efforts to support the token with great promotions such as the latest BNB-7D\BNB-14D fixed with an APR of up to 8% (more info on their news webpage).
This is the last chance for the coin to recover the losses and make a market bottom, otherwise a weekly close below the Higher Lows trend-line can open the way to an even worse sell-off with a first target the 1W MA200 (red trend-line). As you see that aligns perfectly with the -0.236 Fibonacci extension.
On the bullish case, the 1D CCI Lower Highs formation has given us in the past 3 occurrences, a rebound to at least the 1D MA50 (blue trend-line), which is currently at 13.600. By the time of this potential contact, the 1D MA50 will most likely be on the 0.236 Fibonacci retracement level. A signal for a long-term bullish reversal can only be given by a break above the 1D MA200 (orange trend-line).
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KCSUDT Sideways into a potential MA100 bullish break-outThe KuCoin Token (KCSUDT) has been trading above its 4H MA50 (blue trend-line0 since June 23 in a sideways consolidation. The 1D MACD has just formed a Bullish Cross and the last time this set of conditions emerged on KCS was during May 16-19, when the coin was again consolidating with the 4H MA50 supporting.
What happened after that sideways trade was a test and subsequent break-out of the 4H MA100 (green trend-line). That delivered a rebound to the 4H MA200 (orange trend-line) in 4 days. At the moment the 4H MA100 is at 11.440 and declining fast and the 4H MA200 at 13.920. There is a Lower Highs trend-line involved however, acting as a Resistance so our strategy is to buy when the 4H MA100 breaks but only target the Lower Highs trend-line instead of the 4H MA200 and then re-evaluate on a 1D level.
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KCSUSDT Establishing a SupportThe KuCoin token (KCSUSDT) reached on Saturday the Support formed from the previous Low on May 12. That Low kickstarted a huge +90% rally that broke above the 1D MA50 (blue trend-line) and almost reached the 1D MA100 (green trend-line). The 1D RSI is on Higher Lows and last time we had the same set of technical parameters was on June 22 2021, exactly 1 year ago.
It is fair to say that the price didn't hit the Support back then, but came very close to. Still, that initiated a strong rally towards almost the previous High. Right now we have an Internal Lower Highs trend-line to consider, as well as the 1D MA50 as a short-term Resistance. So as long as the Support closes candles above it, target the 1D MA50. If it breaks, we should see a test of the 1W MA200 (red trend-line).
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KCSUSDT broke below its Channel. Levels to consider.The KuCoin token (KCSUSDT) broke today below the Channel Up pattern it has been trading in since the 2nd half of May. The obvious Support to look for now is the 4H MA200 (orange trend-line), with the next ones (14.930, 14.130 and 13.520), being the Higher Lows during the uptrend after the May 12 low. Every one of those Support levels can provide a rebound, so buying there with the SL just below them, constitutes a sound trade from a Risk/ Reward ratio perspective.
On the other hand a daily closing below 13.520, technically restores the long-term bearish trend. If you are looking for a confirmed buy, perhaps it would be best to wait for the 4H RSI to break above its upper Bollinger.
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KCSUSDT testing the 1D MA100, close to a major break-outThe KuCoin token (KCSUSDT) has broken since our last analysis above the 1D MA50 (blue trend-line) for the first time since April 26 2022. On top of that, the 1W MA50 (red trend-line) is now supporting. At the moment it is going for a re-test of the 1D MA100 (green trend-line) where it failed yesterday.
Perhaps the most important barrier, above which the long-term trend switches back to bullish, is the 1D MA200 (orange trend-line), which right now happens to be exactly on the Lower Highs trend-line that started after the December 01 2021 market Top.
Naturally if we get a weekly candle close above the 1D MA200, we should expect a medium-term rally towards the 28.845 Resistance (Dec 01 2021 High). If not, the Lower Highs can very well reject the price back towards the 14.500 level.
Even though the current Channel Up resembles the one that also tested the 1D MA100 back in early February, this time the price has broken above the critical 0.618 Fibonacci retracement level, making a full gap fill more probable. Also keep an eye on the 1W RSI. If it crosses above its MA (yellow line) then that also favors the bullish case on the long-term.
Overall we believe that KCSUSDT is an excellent investment on the long-term with a 10x profit potential in this Cycle.
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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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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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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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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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