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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
KCS - Wait For The Trigger!KCS is overall bullish and currently sitting around a strong support so we will be looking for buy setups. on H4: KCS is forming an inverse head and shoulders pattern but it is not ready to go yet. Trigger => Waiting for the right shoulder to form and then buy after a momentum candle close above the gray neckline. Meanwhile, until the buy is activated, KCS can still trade lower to test the green support again. In this case, we will be looking for new buy setups to form. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
11
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