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Kucoin

KCSUSDT testing the Support of the 1D MA200The KuCoin Token is trading since yesterday late session on the 1D MA200 (orange trend-line). On February 24, the price marginally broke below it but on the very same 1D candle it quickly recovered and started a rebound back to the 1D MA100 (green trend-line), which has been the main Resistance since the January 20 sell-off. Practically this is a range-bound short-term trade for quick profit within the two MA periods. The level within the 1D MA200 and slightly below though is a massive Support Zone and we've seen the very same supportive reaction back in May - June 2021. The two fractals are quite similar, with KCSUSDT being range bound within the 1D MA200 Support and the 1D MA100 Resistance. Another key indicator is the Ichimoku Cloud, which right now has just turned green. It did the same on July 31 2021 and that marked the bottom on KCS and the beginning of the next mini Bull Phase. The immediate target is the 0.618 Fibonacci retracement level at $23.00. It is possible that the next Bullish Cross on the MACD indicator, will confirm that, as it did on August 01 2021. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
2
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
KCSUSDT hit the bottom of its 10 month Channel. Buy opportunity.The KuCoin token eventually got rejected on its 1D MA100 (green trend-line) and the result (along with the general geopolitical fear in the market) was getting on Thursday to the closest it's been at the bottom of its 10 month Channel Up since January 22. Along with strong news coming from the KuCoin labs with regards to the Metaverse, this mix of technicals and fundamentals create a favorable R/R buy opportunity. But let's look into both outlooks in greater detail. ** Technical analysis ** As mentioned above, the price is now just a few price points above the Higher Lows trend-line (bottom) of the long-term Channel Up that KCS has been trading in since the May 19 2021 market bottom. The January - February price action is quite similar to that fractal from May 2021, as both made two Higher Lows on the Channel's bottom with the last Low coming after a rejection on the 1D MA100. The latest rejection was in fact a Double Top on the 1D MA100. Needless to say, a break above the 1D MA100 is a buy confirmation for those seeking less risk but long-term traders who are willing to take dip buy opportunities can't get a better buy signal than that within a structured technical pattern. See how those two similar Accumulation Phases within the 1D MA100 and the 1D MA200 (orange trend-line), also share an identical 1D CCI pattern. The 2021 bottom made a Higher High almost immediately and eventually made a new market Top just below the 1.236 Fibonacci extension at 1.236. On the current sequence, the 1.236 Fib extension is at 33.885. That is the medium-term target for March - beginning of Q2. ** Fundamental analysis ** Perhaps even better news for KuCoin's long-term outlook come from the fundamental side. As 2022 is now upon us, KuCoin Labs takes a closer look at what this year will bring for the industry. Will there be more excitement, or will regulators push back aggressively? Is the NFT trend coming to an end, or is this only the beginning of a global multi-year trend? Can existing bottlenecks in the cryptocurrency and blockchain space finally be addressed? “KuCoin Labs takes its role in promoting the development of the whole crypto industry. We incubate and invest in innovative projects, guide their development to their maturity where they would bring the best of crypto. As one of the top investment institutions, KuCoin Labs team gathers professional research on a forward-looking journey, unceasingly diving deep into every aspect and detail of a vertical. KuCoin Labs aims to be an integral force in building the future of Web 3.0," said Lou Yu, head of KuCoin Labs. The forecasts touch upon some interesting points that cannot be overlooked by anyone even remotely associated with the industry. First, KuCoin Labs acknowledges that financial institutions remain crucial to taking the blockchain and cryptocurrency to the next level. Moreover, more companies have set up Bitcoin treasuries in 2021, even though BTC has retraced by almost 50% from the all time high. KuCoin Labs expects more institutions to be transparent about their Bitcoin purchases, although they may not necessarily acquire BTC directly. The focus on Layer-1 and decentralised finance is likely to continue throughout 2022. There is much room for further progress, whether it be scalability for Layer-1 or more complex and rewarding DeFi protocols. Other trends to keep tabs on include: NFTs GameFi DAOs SocialFi MetaFi Regulation And much more On top of that, the exchange has been announcing great competitions all week including: - A $500 giveway to celebrate the world premiere listing of $Ranker. - The KuCoin via Simplex Carnival of a $10000 prize pool with only 3 days left. - 2000 USDT Prize Pool for KuCoin Margin adding the GariToken and UOS. and many many more which you can find about on their Twitter page! -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
3
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 - Detailed Video Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for KCS, feel free to request any pair/instrument or ask any questions in the comment section below. Fundamentally KCS / Kucoin is doing great too! As per KuCoin Labs: Integration of Metaverse and DeFi Will Be a Major Highlight in 2022 “KuCoin Labs takes its role in promoting the development of the whole crypto industry. We incubate and invest in innovative projects, guide their development to their maturity where they would bring the best of crypto. As one of the top investment institutions, KuCoin Labs team gathers professional research on a forward-looking journey, unceasingly diving deep into every aspect and detail of a vertical. KuCoin Labs aims to be an integral force in building the future of Web 3.0.” Said Lou Yu, head of KuCoin Labs. Best of luck!
Long
by TheSignalyst
22
Inverse H/S on BTC with weakening sell pressure? Bottom close?We've tagged our 39.6k level nicely for a potential inverse h/s. RSI is seeing a cross on the 4h and we have a td9 on the 4h, so chances of movement up here in the short term is quite good. Also this sell spike has really solidified the bullish divergence we've been seeing on the sell pressure side: as the price increases the sell pressure has decreased, while buy pressure started picking up. Very interesting as this usually points to sell pressure weakening. This is why our short term sentiment is now neutral rather than bearish. If we get a bounce here we want to watch 42k as the next point of interest. it's our volume point of control since the start of the year, has a lot of historical movement and as we all know 42 is the answer to the ultimate question. Failure to hold this level - we move to 38k as our next point of interest. But as stated above - we're getting to heavy reversal territory on BTC.
by cryptosince1963
2
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 and now approaching a strong support zone in blue (15) so we will be looking for buy setups. on DAILY: KCS is forming an inverse head and shoulders pattern , but it is still an idea. Trigger => Waiting for the right shoulder to form then buy after a momentum candle close above the gray neckline. Meanwhile, until the buy is activated, KCS would be overall bearish from a medium-term perspective and can still dive inside the support zone before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
6
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
KCS 1D Step-by-step long-term investment #9We 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 Today the position shows +14%, but we do not fix this profit, as it is a long-term investment, and we are waiting for the continuation of growth. We are moving the stop on the position up a little bit to $14.89 , and now it is -15.69%. As we suggested in the previous idea, this week there was a correction in the crypto market. The price of the bitcoin went down, followed by all the alts. But what is interesting, yesterday, when the price of BTCUSDT went down in a wave and updated the weekly minimum, the price of KCSUSD did not update the minimum, the buyers kept it on a dynamic green level. If you look at the history of KCS trading, then after the price consolidate at this green level, it started a good growth. The first target for the growth of $23.50 is +17% from the current price, which can already be a good result in a short period of time. We are waiting for the second target of $34 and the third of $42.80 _______________________________ 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 :)
Long
by P_S_trade
31
KCSUSDT Inverse Head & Shoulders with 4H MA50/200 supportingThe KuCoin Token is maintaining its bullish sentiment after the January 22 market bottom as during this week's selling, the price found Support on the 1D MA100 (green trend-line) and is currently rebounding. If this holds, it will be an early bullish signal as with the 4H MA200 (orange trend-line) holding as well last week, KCS has formed an Inverse Head and Shoulders (IH&S) pattern. If the 21.205 Resistance breaks on this buying pressure, the technical target should be the 2.0 Fibonacci extension at 23.800. Keep an eye on the MACD for a potential Bullish Cross that will confirm this break-out as when around the same level a MACD Bullish Cross took place, the price soared to +16.60% to the 21.205 Resistance. A +16.60% from a potential new Bullish Cross, will be exactly on the 23.800 2.0 Fib extension. -------------------------------------------------------------------------------------------------------- ** 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
VRA/USDT Still Potential 800% from Breakout Point ?#VRA/USDT Exclusive Technical Analysis:- $VRA current Price is $0.027 $VRA ATH was $0.874 and Recently $VRA hit Price $0.0173 which is Almost -80% from ATH After -80% Retracement $VRA Price recovered very fast and 100% pumped within 18 days from recent Bottom . $0.0173 bottom and Hit $0.0348 ( 100% ) Now..? Now Trading at Resistance level and Trading in Parallel channel. If Break upward Parallel channel Resistance then we can see $0.1 and $0.2 in near Future. But if Reject from this Resistance then Good Buying opportunity will be between $0.013-$0.016 Last Time After breaks Parallel channel $VRA gave 780% upward move. Now Let’s see and Watching closely. Never open any positions without any confirmations. Support:- $0.015 Resistance:- $0.035
by CryptoPatel
4
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
KuCoin Token (KCS) | Multiple TimeframesKucoin Token vs Tether (KCSUSDT) has an interesting chart. We will be looking at multiple timeframes. Let's start with the monthly... Here we can see KCSUSDT in a strong uptrend starting January 2021. That's over a year of continued growth. The first peak happened in April 2021 and then a new high just shy of the previous one in November/December 2021, basically the same as Bitcoin. The trading volume has been declining ever since January 2021, this can be considered a continuation signal on this chart or a distribution phase. KCUSDT monthly stays bullish above EMA10 or $15.8. Below this level we will see a test of lower support around $11.11 or EMA21. In general, the technicals are bullish but near resistance/high prices, corrections can develop at anytime. Now the weekly timeframe to get more in-depth information: The pattern we are seeing can break either way and is a consolidation pattern. EMA50 is working as support on this timeframe and has been tested three times, this coincides with the rising trend-line. You can find the potential targets and support levels on this chart. To finish, the daily timeframe makes it clear that we are in a decision point: KCSUSDT is trying to resume its rally but this is not confirmed until prices move and close above $23.5... Trading below this level can increase the risk of a sudden drop. The longer KCSUSDT remains below the last high, the higher the chances that it will correct before additional growth. I would be really cautious on this one until a clear buy setup shows up. Thank you for reading. This is not financial advice. I am just reading the charts. Namaste.
by AlanSantana
1
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 and now approaching a strong support zone in blue (15) so we will be looking for buy setups. on DAILY: KCS is forming an inverse head and shoulders pattern , but it is still an idea. Trigger => Waiting for the right shoulder to form then buy after a momentum candle close above the gray neckline. Meanwhile, until the buy is activated, KCS would be overall bearish from a medium-term perspective and can still dive inside the support zone before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
18
KCSUSDT above its 1D MA50 again. Potential rally ahead.The KuCoin Token broke and closed above its 1D MA50 (blue trend-line) this week for the first time since December 23. Technically the period from December 09 2021 until February 07 2022, was the new Accumulation Phase, which since May, it has been a regular formation (May 13 - July 04 and September 10 - October 13). Basically those consolidation phases have been taking place roughly within the 1D MA50 and the 1D MA200 (orange trend-line) inside the broader pattern of a Channel Up. Once KCSUSDT closed the first 1D candle above the 1D MA50, the price rallied to the top (Higher Highs trend-line) of the Channel Up, either very aggressively or on a more sustainable fashion. Since on February 07 the price closed a 1D candle above the 1D MA50, we can expect a new rally to start. Taken by the fact thought that it is already 5 days above the 1D MA50 and is consolidating, as well as the fact that this time the Accumulation Phase has been the longest, I estimate that the new Rally Phase won't be a fast one but rather slow and structured. A rough projection puts the new Higher High within $40.00 - $48.00 just below the 2.0 Fibonacci extension of the long-term Fibonacci Channel. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
4