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Kucoin

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
KCS 1D Step-by-step long-term investment #8We 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 +15%, but we do not fix this profit because it is a long-term investment. Also, the stop on the position is still unchanged - $14.24 , because there is a possibility of price correction on the chart of BTCUSDT It is very likely that there will also be a price correction on the KCSUSD chart. If the correction will not be lower than $17.66 , then, firstly, it will indicate the super strength of the buyer and accordingly the prospects of a strong growth trend in the future. In that case, the take profit target will be shifted to $42.8. Secondly, it will be a very tasty bargain for those who didn't manage to buy KCS. If the correction goes lower than $17.66, but within the growth channel, that is - roughly speaking - higher than $15, then the fixation target for the long position will be about $34 for 1 KCS. By the way, we drew a dynamic fibo growth channel on the chart, so that it was more clearly visible how the price moves up, taking into account the dynamic support and resistance levels. _______________________________ 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 :)
by P_S_trade
31
KCS/USD - KCS Facing Resistance at $20! Can it push through? 🧐After breaking above $18, KCS rallied nicely all the way to $20 where it now faces some steep resistance. Momentum is building up and KCS may attempt a break in the future if the overall market allows it. Key support: $18 Key resistance: $20, $22 KCS rallied over 10% after breaking above $18 to reach the key resistance at $20. Now, market forces are fighting at this key level before the winner will decide where the price is headed next. If the bulls are successful, then the price will likely go to $22 where we find another key resistance as indicated on the chart. If the bears win, then KCS may fall back to the $18 support level. Watch closely BTC and ETH as they will also influence where the market is headed next and KCS too. Technical Indicators: Volume: Volume has been steady, but declining somewhat. Nevertheless, all 3-day candles closed in the green in the past 20 days which is impressive. Perhaps a pullback is expected due to this. RSI: The daily RSI is curving down after the price failed to move above $20. For this reason, do not exclude a pullback and a shallow correction in the future. MACD: The daily MACD is bullish, but the histogram is quickly losing momentum with lower highs. Unlikely for KCS to move above $20 in this context. Bias The bias for KCS is neutral. KCS lost some of its momentum and we could see a pullback. Short-Term Price Prediction for KCS If KCS enters a correction, then the price may fall to $18 before a renewed push higher can be had. For now, watch closely the price action at $20 to get a hint of where the price is headed next. Like and follow if you liked my idea!
by DU09
KCS/USD - KuCoin Token Breakout! $22 Next!After finding support on the $15 level, KuCoin Token (KCS) rallied and used the bullish momentum to break above $18. This puts KCS on a clear path towards $22. Key support: $18 Key resistance: $22 With this latest breakout, KCS has made the $18 level support and is likely to continue higher until the key resistance at $22. This latest breakout has put a stop to the downtrend and if KCS is successful in moving above $22, then the correction that started in December 2021 would be put to an end. Nevertheless, breaking above $22 seems a difficult talks for KCS. Best to be patient and also monitor the overall market. Technical Indicators: Volume: Volume spiked last Friday during the breakout above $18 and buyers are still in total control of the price action. As KCS approaches the key resistance at $22, selling and profit taking may intensify which may lead KCS into a pullback. RSI: The daily RSI made a higher high and is above 50 points. There is plenty of space left until the RSI reaches the overbought zone. MACD: The daily MACD remains bullish and the histogram continues to move higher with momentum on the buyers side. If this is sustained, KCS can easily reach $22 in the nearby future. Bias The bias for KCS is bullish. Short-Term Price Prediction for KCS As long as bulls can maintain the current momentum, KCS is well positioned test the key resistance at $22. However, good to be cautious as price moves higher since bears may attempt to push back on this latest rally. Like and follow if you liked my idea!
Long
by DU09
KCS 1D Step-by-step long-term investment #7We 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 A week ago we have three orders opened, and now we have a long-term position with notional $900 with an average entry price of $17.66. At that time, the position was still loss-making, and we did not place a stop due to high volatility in the market. Today the position shows +5%, and we can already put a logical stop on the position. As can be seen on the chart, we have a trade with the following conditions: Entry = $17.66. Stop = $14.24 Take Profit 1 = $36 Profit/loss ratio = 5/1 On the one hand, you can say that the stop is large, perhaps, but the ratio of potential profit to loss is acceptable for a long-term investment, and we do not want to lose a position at a nice price. In the same way we will manage the position in the course of price growth: rearrange the stop, fix profit on the part of the position, etc. If this is interesting for you, in order not to miss the update, subscribe to us, give us your likes and comments, and then tradingview will be the first to inform you about changes. _______________________________ 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
38
BTC 15M SHORT Up to 15 H laterThe price of Bitcoin entered the supply area after hitting the ceiling of the bullish channel, which was marked with a blue band, and even crossed this band through a few candles, approaching the price of 39358usdt, and the price growth stopped before that and the price started to correct from 39259usdt. And even broke its daily uptrend channel at the price of 37434usdt and reached the price of 37076usdt and pulled back to the previous price and is in a downward path and the following goals are available. Target 1 is priced at 36754usdt Target 2 is priced at 36276usdt Target 3 priced at 35686usdt
Short
by eh3an206
🔥 KCS Incredible Strength: Potential Break Out SoonA couple of days ago I made an analysis on KCS and its strong upward momentum. As seen on the chart, KCS followed my pattern almost to the letter, with more bullish price action coming to it as we speak. The bullish trend line still holds strong, so we could re-test it again in the coming days. However, the most likely scenario in my opinion would be a bullish move towards the top resistance. I'm expecting heavy volatility around the yellow area. We will either reverse from there to re-test the bullish trend line, or we break out and will re-test the resistance later. Happy trading!
Long
by FieryTrading
10