KCSUSDT close to testing the 5-month Resistance.The KuCoin Token (KCSUSDT) has been trading on its 1D MA50 (blue trend-line) for the past three days. This consolidation is taking place as the 1D MA100 (green trend-line) is descending to a point that is the closest it has been since the June 01 rejection. Basically, KCS has been trading below the 1D MA100 since April 29 and naturally it is the most important Resistance on the medium-term.
As this 1D chart shows, the token has been trading within a long-term Channel Down pattern since the December 01 2021 market High. There is reason to believe that this long-term bearish trend is coming to an end as it is the first time during this period that the MACD indicator is about to form a Bullish Cross on the 1W time-frame. In fact if formed, it will be the first time since October 22 2021. Keep an eye also on the 1D RSI, which is closing in on its Symmetrical Resistance Zone. A break above it can be an early indication of a long-term trend shift to bullish.
As a result, a 1D candle close above the 1D MA100 should be taken as a bullish signal, targeting the 1D MA200 (orange trend-line), which has been trading on the Channel's top since June 01. That is the final Resistance before a long-term Bull rally on the KCSUSDT. If you are a long-term investor, it is important to buy as early as possible on levels of course that you feel comfortable with. Overall Tradingshot considers this an excellent long-term investment.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
Kucointoken
KCS| KuCoin | The Bulls Have The Price Under ControlKCS| KuCoin | The Bulls Have The Price Under Control
During the previous analysis, the price broke out from the
wedge pattern and it didn't invalidate it.
That was a strong signal that the price would have increased more during the coming days and
as we can see from the previous analysis the first target was reached.
Now I am expecting any price correction between 9.5-9.9 before
the price move up again.
Targets on the chart!
Thank you and Good Luck!
Previous Analysis!
KCSUSDT Consolidating for now. Opportunities trading break-outsThe KuCoin token (KCSUSDT) has been consolidating around both the 4H MA50 (blue trend-line) and the 4H MA100 (green trend-line) for the past week while being on Higher Highs and Higher Lows since the August 29 Low. We view this as a consolidation phase for the next big move not necessarily an emerging bullish set-up as the trend has been bearish medium-term since the August 10 High. It is however the first time since that top, that the short-term price action looks more promising.
Regardless of that, there is a Lower Highs trend-line to respect and until the previous Lower High (9.820) breaks, we should expect further downside it the current Support (8.900) breaks. In that case, wait for the price to enter the bottom of the RSI Support Zone, before buying again. As you see this Zone has been extremely consistent at identifying buy entries since June 18.
On the other hand, the buy break-out signal will be when the price breaks above the 4H MA200 - 1D MA50 Resistance cluster (orange and red trend-lines) respectively, which is currently exactly where the previous Lower High of August 25 is (8.900). In that case, the medium-term trend should switch back to bullish and we can target first 10.500 and then the 11.000 High.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
KCS | KuCoin Token | Will The Price Rise Again?KCS | KuCoin Token | Will The Price Rise Again?
Yesterday we all saw a strong sell-off on Bitcoin and a crash in all the crypto markets!
As we know all the Crypto market is correlated to the BTC movement,s.
However In our trading scenario after the price broke out of the wedge pattern
it made a pullback yesterday by moving down by 5%.
From the technical ,perspective the pattern is still intact and the correction looks normal.
The chances are very high that the price will increase again during the coming week.
We should also note that BTC is close to a strong support zone and should grows further.
Thank you and Good Luck!
KCSUSDT Moment of truth for the KuCoin Token.The KuCoin Token (KCSUSDT) just made a Bearish Cross with the MA50 (blue trend-line) crossing below the MA100 (green trend-line) on the 12H time-frame). This is coming less than a month after the opposite pattern, the Bullish Cross on August 05.
The last time we saw this exact sequence of technical events was between April 05 and May 03. As you see, even the LMACD sequences are similar. After the price failed to break the MA100 it fell to the final consolidation belt where the Bearish Cross was formed and that initiated a massive sell-off. So far this is exactly what has been happening, with KCS being rejected on the MA100 and now consolidating as the Bearish Cross was formed.
Technically a break below this week's low can trigger another sell-off. On the other hand, a break above the MA100, invalidates the bearish bias of that past fractal. Indeed a moment of truth for the KuCoin token, a project that we believe a lot and stand behind it as a solid long-term investment.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
KCSUSDT Important Lower Highs trend-line for the short-term.The KuCoin token (KCSUSDT) got rejected heavily on Friday as it failed to break above the 1D MA50 (red trend-line). As a result it failed to sustainably recover the 4H MA50 (blue trend-line) and dropped to a new Lower Highs trend-line.
That live has provided the previous (short-term) rebound on August 19. The common characteristic is that when the price rebounded on the trend-line, the 4H RSI bounced also on its Support Zone that goes back to June 19. As you see, whether KCS has been on an uptrend (Higher Lows) or (now) a downtrend (Lower Highs), it was provided always a price jump.
When it was on an uptrend, the price always hit the 4H MA100 (green trend-line) as part of a Support Zone, so we expect that it will do the same, this time as part of a broader Resistance Zone. As a result, if the price rebounds, we will be targeting the 4H MA100 on the short-term.
A break above the 4H MA200 (orange trend-line) should be enough to restore the medium-term bullish trend. A closing below the Lower Highs trend-line, should start a quick drop back to the 8.040 Support.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
KuCoin | A Short Term Trading PerspectiveKuCoin | A Short Term Trading Perspective
Price is developing higher highs and higher lows as we can see from the chart.
On the other hand, considering also that BTC is accumulating bullish volume
we can take that as reverence combined with the out bullish pattern.
Price is getting ready to move above 9.75
Once the price will be above that zone it should increase more up to the other
short term targets.
Thank you and Good Luck!
KCSUSDT 1D Global view of possible KCS priceThe cryptocurrency market is currently at a crossroads.
Many players expect a sharp collapse, or even an update of the June 2022 lows
We are more cautious in such critical predictions
In our opinion, an increase in the KCSUSDT price to $11.24 in the near future is more than real.
And then a critical moment will come.
+ The blue scenario could trigger a super accelerated growth to $16.40
+ The red scenario will lead the KCS price to correction at near $9 with possible further growth to $14
_______________________________
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 :)
KCS/USD - Uptrend Lost. Support at $10 and $9. 😲As expected KuCoin Token has lost the uptrend after some clear bearish signals earlier this week. See below the past idea.
Now the price is expected to test the support at $10. If that can't hold sellers, then the next key level is at $9.3. The resistance remains at $11.
The daily indicators are quickly turning bearish and MACD is about to do a bearish cross at this rate. The RSI remains above 50 points for now, but OBV is falling below the key moving averages which is another bearish signal.
It's unlikely the market will bounce here and a more substantial correction could develop after the rally in July/Aug.
Best to hold some cash for some juicy discounts later on on KCS.
Like and follow if you liked this idea.
KCSUDT going for the 1D MA100 test, 1st time since April!The KuCoin token (KCSUSDT) continues to trade within a very steady Channel Up pattern since the July 03 low, having turned the 1D MA50 (blue trend-line) into a Support for the past 13 days. This is the longest since the end of the Bull Cycle in 2021.
The next Resistance is the 1D MA100 (green trend-line), which could make contact with the price just above the 0.618 Fibonacci retracement level of the long-term Bearish Channel that KCSUSDT has been trading in since the December 01 2021 All Time High (ATH). The 1D MA100 has been unbroken since April 29 and as you see on the chart, it has had 4 clear rejections within 2022 already. As a result a closing above it will be a major bullish continuation signal, targeting the 1D MA200 (orange trend-line).
This is quite likely to happen on the long-term, considering that the MACD on the 1W time-frame is about to make a Bullish Cross for the first time since October 22 2021. On the short-term however the 1D RSI has been rejected inside an 8 month symmetrical Resistance Zone so it is more likely to see a test of the 1D MA50 as a Support, before the 1D MA100 breaks.
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
KCS/USD - At Critical Support, Can it HOLD?! 😲KuCoin Token attempted to move above $11, but failed to break this level.
For this reason, the uptrend appears in danger now which has lasted since July.
If buyers don't step up soon, then the price could fall to the key support at $9. The momentum is also fading as shown by the indicators.
MACD + RSI is showing a bearish divergence. Volume is not great, but maybe Monday will bring some buyers.
I suggest caution and this is not the place to take a position rather, let the market decide for you and then RE-act.
Bias is neutral, but a breakdown would turn it bearish in the short term at least.
Like and follow if you liked this idea.
KCSUSDT 12h Short-term long trade with tasty P/L ratioSince the publication of the idea of KCSUSDT last week, the KCS price has fallen a little short of its target.
However, we see an accumulation of forces above the $10.4 level for possible continuation of growth.
And taking into account the fact that we are also waiting for a price increase in the BTCUSDT pair
You can try a short-term long trade under the following conditions:
Entrance $10.56
Stop $10.294 (-2.5%)
Take profit $11.90 (+12.7%)
P/L ratio 5/1
_______________________________
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 :)
KCSUSDT 6h Continuation of the rise of the KCS price to $11.24Last week, we suggested moving up the stop order to $9.91 to preserve +11% profit in the event of a market correction.
The correction of the crypto market took place, the stop should have worked.
But it turns out that the KCSUSDT price adjusted more weakly than the BTCUSDT price
So the conditions are now in place for continued growth KCS price to the target of $11.24.
From the current point, long is more risky.
But if the KCSUSD price breaks the triangle upwards and is fixed above $10.40, then 8% growth will become very likely.
Of course, everyone makes trading decisions personally related to his deposit and risks they are willing to take on their. We are just sharing here our view of the market
Have a nice weekend everyone
_______________________________
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 :)
KCSUSDT July's Channel Up is still holdingThe KuCoin token (KCSUSDT) has been trading within a Channel Up pattern since the July 03 Low. This analysis is on the 4H time-frame where the price has turned the 4H MA200 (orange trend-line) into a Support, trading around the 4H MA50 (blue trend-line). It may have broken also above the 1D MA50 (yellow trend-line) but we can't claim this as bullish yet as the very same pattern was last formed on the late May sequence which was a top pattern.
The confirmation for its break downwards came when the 1D MACD formed a Bearish Cross. Pay close attention as the MACD is again close to forming that. If the price breaks below the 4H MA200 again, it is a sell signal towards the July low. Until then, the short-term trend remains bullish within the strict structure of the Channel Up, targeting the Higher Highs (top) trend-line.
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
KCS/USD - Critical Moment, BREAKOUT IMMINENT??? 😱KuCoin Token is approaching the end of this ascending triangle and we all know what happens then, right?
This chart is about to explode one way or another. So long the overall market remains bullish, then KCS has a good chance to challenge the key resistance at $11 and perhaps even move above it.
The indicators are a bit flat and don't give a clear signal since the price was rather flat since mid-July.
In any event, expect volatility to pick up in the next few days and particularly if the price breaks away from this formation.
Bias is slightly bullish on this price action.
Like and follow if you liked my idea!
KCS/USD - Uptrend Intact, What is the Next Target? 🚀With KCS uptrend in good shape, the price is well on its way towards $11. Should bulls be bold and break that level then the gates will open for KCS to rally hard.
Right now the market is giving some bullish vibes with some altcoin pumping over 20% and BTC making higher highs.
MACD, RSI and OBV are bullish, so the indicators favor a bullish bias. Volume is not ideal, but it can definitely increase if KCS breaks above $11.
What matters is that the price is making higher highs and higher lows. So long this continues, the trend stays bullish.
The key support is found at $9 and so far it has held well.
All eyes are now on the key resistance at $11. Will it break, the market tends to say yes, but lets see when we arrive there.
Like and follow if you liked my idea!
KCSUSDT 12h We expect KCS growth to continue, but...Today we updated the KCSUSDT, which we presented as a long medium-term trade
Our initial take profit target of $11.14 is still relevant at this time, because as we wrote yesterday in the BTCUSDT idea, there is a chance for another upward impulse
However, the crypto market is a volatile thing, so we recommend moving the stop of the position, in the area of $9.91
Such manipulation will allow you to save a part of the profit (near +11%) that is shining at the moment on the trade
Everyone have a nice, calm and profitable weekend)
_______________________________
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 :)
KCSUDT The last barrier it has to overcome before $14.000The KuCoin token (KCSUSDT), one of the most promising coins in the market, tested yesterday and broke today above the 1D MA50 (blue trend-line). This is basically an extension of the analysis we made two weeks ago, stating the importance of the 4H MA50 (yellow trend-line) for a short-term rise:
We got the break-out and the mini rally and now the price is testing the next strong Resistance on the 1D MA50. However, this may not be enough to sustain a new rally as both the 1D RSI and MACD indicators are printing sequences similar to those of May 31 that formed a top. The RSI is on a V-shaped pattern with the 2nd top being the May 31 High, while the MACD following a squeeze seems to be turning sideways.
On the May 31 peak, the price got rejected on the 0.786 Fibonacci retracement level, which is exactly where we are at now. As a result we should only feel comfortable to extend buying if the 11.200 Resistance (June 26 High) breaks. In that case we can target $14.000 if not higher.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
KCS/USD - Higher low or breakdown? Decision time! 😱KuCoin Token has fallen to the key support at $9. Buyers will have to stop the downtrend here, otherwise the next key support will be found at $8.
Ideally, for the bull case, KCS will form a higher low here and aims to test the resistance at $11.
The bigger issue, however, is that both BTC and ETH are starting to look quite bearish which is not really looking good unless they manage to stop the correction as well.
Any further breakdown in the market leaders will push KCS lower as well. In such a scenario goin to $8 is very likely.
Bias is neutral on this price action. Lets see where the price goes next before changing the bias. A clean break below $9 would definitely turn the bias bearish.
Indicators also show loss of momentum for buyers.
Like and follow if you liked this idea!
KCSUSDT 12h On chart pattern on the continuation of growthTwo weeks in a row, we publish entry points for medium-term long trades. The KCSUSDT trading pair was also lucky)
As of today, the KCS price has already passed half of the modest route.
It is unlikely that the KCSUSD price will fall below $9.70 in the coming days. Well, from there is a direct route to $11.14
If you are interested in our global goals for the Kucoin token price, then here you go:
_______________________________
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 :)
KCSUSDT 1W MA100 test after 1 month.The KuCoin Token (KCSUSDT) is on a strong 1W green candle, the 2nd in a total of 3 weeks since the July 03 bottom. If it closes the week in green it will be the first time to have 2 green weeks among 3 since early April.
The most important development though on the 1W time-frame is that by doing so, the token is about to test the 1W MA100 (green trend-line) for the first time since the brutal break below on the June 27 weekly candle. That is a very quick recovery though, typically indicative in market bottom formations.
As you see, the 1W MA100 is the first Resistance test before the crucial 1D MA50 red trend-line), something we analyzed in our last post:
Failure to break above this Resistance cluster, risks an immediate rejection back to the 8.085 Low and if it breaks, selling extension to the Lower Lows trend-line of the long-term Bearish Megaphone pattern, which can make a 1W MA200 (orange trend-line) test for a new Market Bottom.
A break above the Resistance cluster of the 1W MA100 and 1D MA50, will target the top (Lower Highs trend-line) of the Megaphone, potentially on the 0.5 Fibonacci retracement level. Note that this is the more likely scenario to take place, especially if the 1W RSI breaks above its MA (yellow trend-line), as the RSI is rebounding after scoring the lowest reading in history. Watch also the 1W LMACD for a Bullish Cross, the first since October 18 2021, that will most likely confirm the shift to a new Bull Cycle. That will most likely coincide with a break above the 1W MA50 (blue trend-line).
Overall we are very bullish on KCSUSDT long-term.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
KCS/USD - Massive Pump in progress. KCS above $10! 😍The altcoin market is having a party and KCS is no different, with a lovely price action in this past two days that took KCS above $10!
Two digits prices again, nice!
Looking at the chart it seems to me that the bullish divergence on this 3-day timeframe may be just starting to manifest itself.
The first key resistance is at $11, if that falls then KCS could rally hard towards $14.
The indicators on this timeframe are all turning bullish: MACD about to flip bullish, RSI pumping, OBV turning bullish.
Looking promising. Hence bias is bullish on this price action.
Volume is also increasing, but could be higher. In any event, the indicators are looking juicy to me.
Longs have the better risk/reward here.
Like and follow if you liked my idea!
KCSUSDT 12h Medium-term trade - our target $11Last week we posted the idea of a KCSUSDT trading pair on a large time frame to capture the overall picture of a falling channel.
They also we wrote about a possible reversal pattern and on the fractal, which the Kucoin token price could move.
However, the consolidation of the KCS price is delayed
The consolidation is likely to continue into a triangle before shooting up.
We can issue an order for the purchase of a medium-term long position under the following conditions:
Entrance 8,80-9,00
Stop 8,14
TP1 - 11,14
P/L ratio - 3/1
_______________________________
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 :)