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KCS/USD - KCS Preparing the Stage for a Breakout!KCS has formed a descending triangle after failing to push above the key resistance. Now price is compressing in the apex which will lead to an eventual breakout. Key support: $19, $16 Key resistance: $23, $28 ( ATH ) The market has remained bearish in January, with several failed attempts to turn back on the uptrend. KCS is no different and has formed a large descending triangle (in blue) with lower highs and a flat base. The key support at $19 held well so far, but this is likely to be retested soon as price approaches the end of this formation. The resistance at $23 is likely not going to be tested anytime soon, since KCS has to break above the triangle first. Technical Indicators: Volume: Volume remains low in January compared to the rally from late 2021. However, the current key support level has attracted more buyers, giving KCS a good chance to hold above $19. RSI: The daily RSI continues to fall and has made lower lows and lower highs. This is bearish. MACD: The daily MACD is bearish and is currently trying to curve back up. KCS has to break above the descending triangle to trigger a bullish crossover on MACD. Bias The bias for KCS is neutral. Price has to break away from this triangle to confirm its next move. Short-Term Price Prediction for KCS In the near term, expect to see KCS move sideways within the triangle as it consolidates and prepares for an eventual break of this formation. Price can go either way at this time and it may be contingent on the overall market. Until then, you will likely see KCS hover just above $19. Like and follow if you liked my idea!
by DU09
KCS 1D Step-by-step long-term investment #4We 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 column, using the KCSUSDT ticker search So, the first entry in the position, the price was fluctuating near the entry point of $20.5 almost all the time and sometimes even showed +12-15% profit, and it was in a falling market, closed on the stop after the recent another market plum. We got a -9.32% stop and the investment with a notional allocated capital of $1000 (for ease of calculation) went down to $900 This experiment is designed to last until at least the spring, and maybe by the summer of 2022 , as the chance of an alt season persists. Therefore, we continue. Optimism and desire to further invest in KCS is added by the fact that when the price of BTCUSDT updated its low from $42500 to $39650, and somewhere between 70-80% of the alts also updated the low of 04.12.21. KCSUSD buyers bought off the fall at $17.89 and did not let the hit the stops hidden below the low of $17.81. Since in the cryptocurrency market, at least for us, there is uncertainty now whether it has already been a trend reversal or whether the correction will continue, we will place buy orders next week in a wide range. We put three equally weighted pending orders at the conditional $300 at the following levels: $18.81, $17.66 and $16.51 , as we have shown in the chart. The orders have no stops so far. We will check in a week, which of the placed orders will be filled, and maybe we will buy more on the market price (if so, we will update this idea), and analyze where the stop on the position is rational. If you are interested in this section, subscribe to us and write a comment under this idea, and then tradingview will be the first to notify you of any changes and corrections in this section. _______________________________ 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
29
KCS📈 Hi all, just quick review of my favourite coin 2021. 👨🏻‍🏫 At the start of 2018 begun the 400 days long bearish era which was end by brake of trendline with 475% growth. This was followed by nearly 2-years long (around 690 days) accumulation in the bulls flag (POC - point of control is 0.971 usd). 💥 The year 2021 was phenonemal. A lot of new users of Kucoin exchange sent KCS coin to the last ATH 28.8 usdt (+-3900 gain). 🤔 What we can expect in the future? Next weeks and months are in BTC hands. If the market will recover - we will see more growth of KCS coin because volume on Kucoin exchange is high. ⏰ Now we are in the historically strong support zone (18-21 usd). If fail - the next stops are +-15 usd, +-9 usd, +-7 usd and massive support around +-4.5 usd) 🎯 The next significiant point in the case of bullish mode is around 32 usd and his bullet hole. LBL_CZ
by LbL_CZ
KCS 1D Step-by-step long-term investment #3A week ago, our investment in Kucoin token was in the buying zone. Today, KCSUSDT is near the top of the buy zone, showing +2.5% of the average buy price. However, yesterday it was +13% at the high. Interestingly, a month ago on December 4, 2021 when BTCUSDT was falling to $42000, minimum KCSUSD was at $17.81 Tonight on January 6, the BTCUSD low was $42500 and the KCSUSDT price was $20.11, which is a 12% better hold on the KCS price during the +\- similar BTC price spill. There is interest in the coin. Also, so far the body of the daily candlesticks are holding above the red mini trend from December That's why we continue to hold our investment in KCS and believe in a bright future _______________________________ 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
41
LUNAUSDT NEXT MOVE (UPDATE)(4h chart)i just want to update my last analysiss the fact is we are at a reversal zone price want to retest the demand zone around $74 soon or late price will reach it also rsi shows a powerful divergence and on algorithmic chart trend line is breaked from buttom. even on 2h chart there is gap betwin bearish candles. i want to mention that there is chance for sudden upwardmove ( stop hunt , fake breakout ) dont get panic be careful in financial markets(use stoploss). feel free to ask questions or anything. GOD BLESS
Short
by GoodLadd
2
KCS/USD - Ascending triangle. KCS ready for a breakout to $28!KCS has formed an ascending triangle and on the Bitcoin pair it reached a level not seen since 2019! This shows KCS appears ready for a rally as soon as it break above the triangle. Key support: $20, $16 Key resistance: $23, $28 ( ATH ) The market has been flat over the winter holidays and suffered from low volatility. In the case of KCS, price has now formed an ascending triangle (represented in blue) with resistance at $24. If the bullish momentum maintains, KCS can break out with price rushing towards the current all-time high at $28. The support is found at just under $20. It is important to note, that on the Bitcoin pair, KCS has reached a price level not seen since 2019. This is very bullish and may lead KCS much higher versus Bitcoin which has been losing market dominance (now under 40%). Technical Indicators: Volume: Volume has been low over the past two weeks due to the winter holidays, but now things should get exciting again. RSI: The daily RSI has been making higher lows which is bullish. A breakout from the blue triangle can propel it higher. MACD: The daily MACD is bullish. However, there is a lack of conviction from buyers right now. This will likely change quite rapidly once volatility returns. Bias The bias for KCS is neutral with some signs of bullishness. A break above the key resistance at $24 will confirm a bullish bias. Short-Term Price Prediction for KCS KCS appears to consolidate in anticipation of a breakout from this triangle. This can be expected later this week or next week, depending on the market. If KCS can push above $24, then bulls will likely retest the current ATH. Should it fail to break the key resistance, then KCS can fall back on the support at $20. Like and follow if you liked my idea!
Long
by DU09