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KCSUSDT broke the 3 month Resistance on new White Paper release!Huge news for the KuCoin token (KCSUSDT) yesterday as the KCS Management Foundation, KCC community, and KuCoin have jointly released the KCS Whitepaper! The 1D green candle following this release was the strongest since November 25 2021. This appears to be the right catalyst at the right time to kick-start KuCoin's new long-term rally. But let's break those news down to the technical and fundamental parts in more detail. ** Technical Analysis ** As mentioned above, the key development of this week is the fact that the token broke above a trend-line that has been holding since January 06 and until yesterday it counted 4 clear rejections. With this candle spike, the price also broke above the Lower Highs trend-line that has been holding since December 04 2020. If the 1D candle closes above the 21.300 level, then buyers can go on and target the natural barrier of the 23.600 Resistance and the 0.618 Fibonacci Retracement level. A break above that Resistance, most likely sets in motion the final run towards the 28.765 High of November. On the other hand, any rejection on the Resistances, should cause a pull-back and test of the Higher Lows trend-line, which started on the January 22 bottom. Note that the MACD is on a Bullish Cross. ** Fundamental Analysis ** The highlight of the week from that perspective can't be anything other than the new Whitepaper and that is already illustrated on the price. A little background first, known as the “People’s Exchange”, KuCoin is a Top 5 Crypto Trading platform with over 600 coins and 10+ million users. KCC is a public chain project initiated and built by the developer community of KCS and KuCoin that aims to solve the network latency and high gas fee of Ethereum. KCS is the native token of KuCoin Exchange and KCC. ● With the vision of “from geeks to mass adoption”, KCS is building a blockchain-based value sell-circulation ecosystem. ● KCS will redistribute the 90 million KCS locked at the time of issuance, from which 20 million KCS will be directly burned. ● KCS will connect the world of both centralization and decentralization and will build a Web 3.0 ecosystem. ● KCS Management Foundation is established to empower the KCC ecosystem. Those above are just the key bulletpoints of the KCS Whitepaper. You can find the full report on their website and twitter page. The great news don't stop there. To celebrate the release of the whitepaper, the exchange is launching the KCS Super Week! Read the Whitepaper and answer the questions to earn a lottery ticket and try your luck to win a share of 21,000 KCS, up to 5,000 KCS for each user! There is also a 50,000 USDT Giveaway on KuCoinFutures! Don't miss out! -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
1
ADA broke out descending resistance#ADA/USDT #ADA broke out from descending resistance line. as trend lines and shown in chart price reached a resistance zone which is the same with descending and ascending trend lined that make this area strong. in next week price will drop tp broken line to confirm it as support. 🐮 holding the support line will increase price to next resistance zone between $1.6 and $1.8. 🐻 breaking the descending line can drop price to support zone around $0.4.
Long
by parissap
LABS/USDT 800% Potential From here ( Kucoin GEM )#LABS/USDT TA Update:- $LABS Currently trading around $0.0047 After Breakout It gave 65% Profit and From Retest level its 150% Up. Now..? As per chart $0.0042 is strong support level. So That would be best entry IMO. Entry:- $0.0042-$0.0047 Targets:- $0.0068/$0.0098/$0.16/$0.024/$0.04 Stop Loss:- If not Hold $0.042 Support IMO if hold $0.004 Level then we can see 800% Potential ( $0.040 ) from here. Support:- $0.0042/$0.003/$0.0025 Resistance = Targets
LLong
by CryptoPatel
2
KCS/USDT ABOUT TO BREAK OUT SOON!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this KCS/USDT TRADE setup. KCS looks good here. KCS is the token of Kucoin exchange just like BNB. As you know Kucoin is slowly made its name and many users starts using Kucoin exchange rather than Binance. So I'm expecting a nice growth of this token. According to the chart, KCS is holding its $18 support very well so far. It is trading inside a symmetrical triangle where the break out of this triangle is still pending. Once it breaks the triangle it will pump hard. Accumulate this coin as low as possible. Entry range:- $18-$19 Target1:- $24 Target2:- $30 Target3:- $36 Target4:- $44 SL:- $16.5 If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
5
KCS/USD - Kucoin Token Holds above $18. Where Next?KCS appears to be in a long consolidation with price within a large range from $21 acting as resistance to $18 acting as support. This flat trend is not very excited and a break of the key levels is needed for KCS to move passed these levels. The indicators are also rather flat in line with the price action. The recommended course of action in such cases is to be patient and wait for the price to break away, otherwise taking a large position here can be quite risky. Both the MACD and RSI are hovering around mid-levels and a trend is yet to emerge. Volume remains low, but the OBV indicates a bullish bias with a crossover above the moving averages. Best to be patient at this time. Bias is neutral and will change only when one of the key levels is broken. Like and follow if you liked my idea!
Long
by DU09
1
KCSUSDT Golden Cross, Resistance to beat & MojitoSwap investmentThe KuCoin Token traded within a Channel Up since it hit the Support Zone at the start of the week but that broke downwards with what looks like a Bull Flag. News-wise, with the announcement of a strategic investment with MojitoSwap, the price looks ready to jump. But let's see both the Technical and Fundamental sides in more detail. ** Technical Analysis ** As mentioned above, the pattern sequence on the 1H time-frame is a Channel Up into Bull Flag. When the dominant pattern is bullish and then pulls-back in the form of a Bull Flag, we should typically expect a strong rebound to a Higher High. The level to keep an eye on is the 19.180 Resistance made by the March 09 High. A closing above should be enough to kick start an aggressive rise towards the 21.230 - 21.000 Resistance Zone but on the other hand a rejection will most likely have the 17.530 Support re-tested. Keep an eye on the Golden Cross that has just formed as last time it happened on 1H on February 26, KCSUSDT did test the 21.230 - 21.000 Resistance Zone. Also, straight after it was formed, KCS entered again a Bull Flag formation. So that pattern makes the current price action more bullish than bearish. ** Fundamental Analysis ** There can be no better price boost to this than the strategic investment from KuCoin Labs with MojitoSwap. The investment from KuCoin Labs will better assist MojitoSwap to improve its products, operations, branding and liquidity. In the future, MojitoSwap will gradually improve the liquidity mining mechanism, expand the support for NFTs, and strengthen the product experience to be more user-friendly. Meanwhile, MojitoSwap will also accelerate the support for native and cross-chain currencies on the KCC chain, with more projects to be launched on the MojitoSwap LaunchPad and Bar. As a DEX at the bottom of the ecological foundation of the chain, MojitoSwap hopes to build a bridge between KuCoin and high-quality projects on the KCC chain, and jointly build a common prosperity on the chain. This strategic investment has come perhaps at the right time and could be the extra push that the price needs right now to break above the 19.180. I don't believe these low prices will last for long on KCS and I am a big buyer myself. I suggest that you don't miss out on this opportunity either and get in now that it is still early. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
1
KCS - Purple War Zone!Hello everyone, if you like the idea, do not forget to support with a like and follow. KCS is overall bullish trading inside our brown trendlines and now approaching the lower bound / trendline. Moreover, the area 15.0-16.0 is a "Resistance turned into Support". So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of support in green and lower brown trendline. As per my trading style: As KCS approaches the highlighted purple circle (area) I will be looking for possible buy setups (like a double bottom, trendline break, and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
11
KCSUSDT Short-term approach around the 4H MA50The KuCoin Token got rejected early this month (March 01) on its Resistance Zone (1) that is holding since January 16th, practically almost 2 months. The symmetrical Support (1) held on March 07 but the rebound was short-lived as it got rejected on the 4H MA50 (blue trend-line). In our opinion, this holds the key for the coin's immediate price action. If the 4H MA50 breaks, we expect another Resistance 1 test within 21.000 - 21.230. A 1D candle closing above it, would justify the test of the next Resistance (2) at 23.200. On the other hand, a break below the 17.530 Support (1), would be a sell signal with the 16.020 Support (2) as the target. So far the 1D CCI (indicator below the chart) is at the same levels of February 23. This also supports the above argument, as when 17.530 broke with the CCI collapsing to -200.00, KCSUSDT hit 16.020. Keep also an eye on the Internal Pivot trend-line (dashed line) for a potential bounce, as it has bounced the price 5 times already since January 17. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot