KCS/USD - Rally to $11 or crash to $6? 🙄With the market at a junction, this may be the calm before the storm as volatility has been lacking for the past few weeks.
This consolidation will likely lead to a massive breakout one way or another. In the case of KCS, we have some conflicting signals.
There is a massive bullish divergence on the RSI looking at this 3-day timeframe, but price could continue down before it starts to rally.
Should the support at $8 fail, then KCS will likely fall to $6 before it can start a recovery. But forming a local bottom above $8 is also very possible as sellers seem to be somewhat exhausted.
A reversal here should not be excluded, but that depends on BTC and ETH as market leaders.
Should the price manage to turn around, then hitting the resistance at $9 and $11 would allow for a nice relief rally.
KCS would need to make a higher high to invalidate the ongoing downtrend. For that, the price has to hit $17 and above. This looks unlikely now.
The bias based on this price action is neutral, but can quickly flip one way or another. Wait for a clear breakout before taking position.
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Kucointoken
KCSUSDT 1D Entry points for medium-term tradesThe Kcsusdt price of continues to move along the falling channel and in its lower part.
The other day, the KCS price fell to a critical level of around 8 dollars, where it was the last time a year ago. And now buyers are trying to turn the Kcsusd price upwards together with the crypto market.
It is also valid to assume that a global trend reversal of the Kucoin token price movement can occur through "the Head and Shoulders pattern"
And also we found a fractal of the price movement, which fits into the possible movement of the KCS price with an H&S pattern.
Everyone has to decide individually where to buy KCS here.
From the bottom of the descending channel to the top +100% price movement.
The next safe long entry point is if and when the KCS price fix above $12. But the possible upward movement of the Kcsusdt price from there will be only +45%
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KCS/USD - Massive Bullish Divergence. Can KuCoin PUMP? 🚀With KuCoin making another local low, the three-day timeframe is now giving a massive bullish divergence on the RSI.
This is significant and it may take some time to materialize. As long as the price manages to hold at this support level then a relief rally becomes quite likely in the near term.
The market appears to have found a local bottom around these levels and with a bit of buy volume, it can reverse this downtrend, at least in the next few weeks.
On the daily timeframe, the chart is bullish but lacks sufficient volume right now.
The bias is mildly bullish right here, but it is contingent on the support holding.
Time to be patient, but taking a long position on dips may be the better trade right now compared to shorting.
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KCS/BTC - The KCS magic vs Bitcoin may be fading! 😢KuCoin managed to outperform Bitcoin for the first six months of 2022. However, things appear to have changed in the past two months with KCS failing to make higher highs vs Bitcoin.
Now, the price is found at critical support at 5k satoshi and if it fails to hold here then KCS could fall back to 4k-3k satoshi.
The indicators are bearish and the USD chart is not looking better either. See below.
At best, KCS could consolidate above 3k satoshi and hopefully the market together with BTC will find a bottom that will allow KCS to recover again.
The bias remains bearish on this price action and I will revert back to this chart once we have a clean break from this current level.
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KCS/USD - KuCoin Token about to re-test CRITICAL SUPPORT! 😮KuCoin Token failed to bounce in any significant way in the second half of June and was sharply rejected by the resistance at $11.
Now, the price is going back to the critical support at $9. If it fails to hold here then the path will open up for a much lower valuation. Maybe even $6.
Unfortunately for KCS, the market remains bearish and with BTC under 20k, hopium is in short supply.
The indicators on the daily timeframe and above are still bearish. There is some hope that the RSI could make a bullish divergence in the future which could materialize later on. However, it is too early now to hope for that.
All eyes are on the $9 level. Can buyers save KCS here again?
The bias remains bearish due to the current price action.
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KCSUSDT 1D Buys and sells zones for Kucoin TokenLast week, we wrote that the purchase KCS at $10 for long-term trade can be considered a profitable purchase.
The trade is relevant, and the possible reversal pattern "Head and Shoulders" is also relevant and possible.
If you missed last week's idea, today fate gives you another chance to buy KCSUSDT
Purchase zone $9.05-9.55
Short-term take profit - $12.55
Medium-term take profit -$17.40
Global and critical stop for all positions below $8.24
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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 Sideways into a potential MA100 bullish break-outThe KuCoin Token (KCSUDT) has been trading above its 4H MA50 (blue trend-line0 since June 23 in a sideways consolidation. The 1D MACD has just formed a Bullish Cross and the last time this set of conditions emerged on KCS was during May 16-19, when the coin was again consolidating with the 4H MA50 supporting.
What happened after that sideways trade was a test and subsequent break-out of the 4H MA100 (green trend-line). That delivered a rebound to the 4H MA200 (orange trend-line) in 4 days. At the moment the 4H MA100 is at 11.440 and declining fast and the 4H MA200 at 13.920. There is a Lower Highs trend-line involved however, acting as a Resistance so our strategy is to buy when the 4H MA100 breaks but only target the Lower Highs trend-line instead of the 4H MA200 and then re-evaluate on a 1D level.
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KCS/USD - KuCoin about to break above $10! 🚀The price is condensing just under the key resistance. We know how that ends right? The price will probably explode higher soon.
Once that happens, KCS could rally all the way to $14 where profit taking would be a good idea in case the market decides to reverse again.
The indicators are also curving up, but we don't have a bullish cross yet. Probably a break of the key resistance is needed first. That should bring enough momentum.
Volume is still lacking, but that as well can improve soon.
Other than that, the market sentiment is turning a bit bullish lately and a relief rally could be had. Relief rallies can still be quite strong even if we are in a bear market.
Bias is bullish on this, but best to wait for the breakout first.
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KCSUSDT 1D There are signs for start growingThe KCSUSDT price continues to move in the global falling channel. This channel can be interpreted as a global "bull flag"
The first signs of reversal pattern formation appeared on the graph.
We can assume that a reversible pattern, the "Head and Shoulders" will be formed. In the left shoulder the largest volumes, in the head despite the fact that the price has updated the minimum volumes have decreased. Further, according to the scheme there should be an increase in the KCS price on mediocre volumes, without strong resistance of sellers from above.
The first target from above + 80% at the intersection of the upper boundary of the falling channel and a strong mirror level $17.80
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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 Establishing a SupportThe KuCoin token (KCSUSDT) reached on Saturday the Support formed from the previous Low on May 12. That Low kickstarted a huge +90% rally that broke above the 1D MA50 (blue trend-line) and almost reached the 1D MA100 (green trend-line). The 1D RSI is on Higher Lows and last time we had the same set of technical parameters was on June 22 2021, exactly 1 year ago.
It is fair to say that the price didn't hit the Support back then, but came very close to. Still, that initiated a strong rally towards almost the previous High. Right now we have an Internal Lower Highs trend-line to consider, as well as the 1D MA50 as a short-term Resistance. So as long as the Support closes candles above it, target the 1D MA50. If it breaks, we should see a test of the 1W MA200 (red trend-line).
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KCSUSDT 1D On the chart, the global "Bull flag"Looking at the schedule of the KCSUSDT, we clearly see that from the end of 2021 the price is in a trend of falling and clearly moves the channel down.
However, there was an interesting nuance recently. At this time, when the BTC and ETH was strongly updated the minimums, which were previously installed in the May fall, the price of KCS did not update minimum at least.
We bring to your attention a potential trade within the channel:
Entrance $11-11.50
Stop below $9.44
Take Profit $17.94
Profit/loss ratio 4/1
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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/BTC - Surprisingly, KuCoin is flat vs BTC! 💪KuCoin's price has been surprisingly flat versus Bitcoin during this massive crash. More so, overall it outperformed Bitcoin during the bear market, this is quite surprising and a sign of strength.
Right now, the price is found in a flat trend vs Bitcoin without any significant change.
Price is stuck between the 5k satoshi support and 5.8k resistance.
A break from this range is needed for KCS to pick a direction. But a flat trend in a bear market is more than enough to keep holders satisfied.
The situation vs USD is slightly different, see below.
As such, keep a close eye on KCS's price vs USD. If it falls under $10, things may get spicy.
Bias on this chart is neutral.
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KCS/USD - KuCoin returns to $10. At Critical Support! 😱KCS had a nice rally in late May, but this quickly reversed in June with the price now back on the key support at $10.
The whole market crashed and ETH fell under its old all-time high. If Bitcoin crashes under $20k, then most altcoins will likely make lower lows.
What does this mean for KCS?
Probably a price under $10.
Bulls have to do their best to keep the price above this key level as otherwise the next support is found at $9 which would put KCS into single digits.
The indicators on higher timeframes remain bearish, while the shorter timeframes like 4-hours are bullish. This suggests a short relief will be followed by more pain.
A break below the support at $10 will settle any doubts. Bias is bearish for now.
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KCSUSDT 1D Long-term investment #1At the beginning of the year, we have published a serial of ideas introduced an investment trade into token Kucoin KCS, with a weekly updating of our opinions about the KCSUSDT price movement, and how we manage the position
The result is the break-even stop for +2.5% that we received when the whole cryptomarket began to fall.
More detail what we have chosen this token for medium(long)-term investment and the last update of the idea below:
Further, we only do shot short trades, because the market went into the stage of correctional fall.
And the other day, we have released a global idea on BTCUSDT, which noted that in our opinion, the price is now in a critical zone from where a not bad grew could be organized. More in more detail in the idea below:
Therefore, we will try to restore the investment section in the KCS, and every week we will update the information how we manage the position.
Considering that we expect growth in BTCUSD pair is a big chance that the rest of the cryptocurrencies will be tightened up by the main trade couple.
The price of KCSUSDT has bounced very well after May fall and now, after a weak correction (which may indicate the power of buyers) tries to fix above the mirror level of $15.00
Therefore, given the above facts, we offer the following input data for a long -term position:
Entrance in the range of $15.25-15.75
Stop below $10.99
Take Profit in the area of $41.50
Profit/loss ratio 6/1
We expect that the summer can give a not bad wave of growth, of course, if there are no force Major.
So, if you are interested in this section: Put a like, write a comment and subscribe to us , and we will update the information every week how we manage this position and what we see new ones on the KCSUSDT chart.
KCS/BTC - Resistance hit, time for some cooldown. 🤔KCS on the Bitcoin pair has hit the key resistance at 5.8k satoshi.
Now, the price is reversing and if we are to look at the USD pair (see idea below) it seems the bullish momentum may have to take a pause.
For this reason, a retest of the 5k satoshi support line may be in order before KCS can hope to break the key resistance here.
The indicators on the daily timeframe are also curving back down and may signal a local top.
Bias is short on this price action, best to be on guard here and keep a close eye on the support.
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KCS/USD - Momentum Stalling, Here's the Critical Support 😲 KuCoin token had a good rally, actually, a great one considering other coins barely bounce (hint hint at Bitcoin).
KCS almost doubled in price compared to its local bottom here, so not bad at all.
However, the momentum seems to be shifting against KCS and its price may roll over and fall lower to the key support at $14.
If the selloff will not be too aggressive I can totally see KCS hold well there before attempting to recovery again and rally.
For now, the daily MACD is curving down and may turn bearish, so it will take some time for this to play out. Volume is also terribly low.
Bias is turning bearish on this price action, but wait for Monday to get more confidence in the price action.
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KCSUSDT testing the 1D MA100, close to a major break-outThe KuCoin token (KCSUSDT) has broken since our last analysis above the 1D MA50 (blue trend-line) for the first time since April 26 2022. On top of that, the 1W MA50 (red trend-line) is now supporting. At the moment it is going for a re-test of the 1D MA100 (green trend-line) where it failed yesterday.
Perhaps the most important barrier, above which the long-term trend switches back to bullish, is the 1D MA200 (orange trend-line), which right now happens to be exactly on the Lower Highs trend-line that started after the December 01 2021 market Top.
Naturally if we get a weekly candle close above the 1D MA200, we should expect a medium-term rally towards the 28.845 Resistance (Dec 01 2021 High). If not, the Lower Highs can very well reject the price back towards the 14.500 level.
Even though the current Channel Up resembles the one that also tested the 1D MA100 back in early February, this time the price has broken above the critical 0.618 Fibonacci retracement level, making a full gap fill more probable. Also keep an eye on the 1W RSI. If it crosses above its MA (yellow line) then that also favors the bullish case on the long-term.
Overall we believe that KCSUSDT is an excellent investment on the long-term with a 10x profit potential in this Cycle.
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KCS/USD - Retest of $21 imminent! 🚀KuCoin Token is on a clear bullish path and about to recover most of its recent losses during the May crash.
At this rate, the bullish momentum should take KCS to the $21 key resistance level.
More so, the indicators are turning quite bullish on higher timeframes.
In this 3-day timeframe, the MACD just did a bullish crossover, this is very significant. So did OBV.
Could this build enough momentum to break above $21? Possibly, particularly because KCS already broke the resistance on the BTC pair (price went above 5k satoshi).
Bias is bullish on this price action and I would re-assess at $21.
Keep a close eye on this!
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KuCoin - Under the HoodThis is purely our Technical analysis and our humble opinion.
So, don't get us wrong KuCoin is a nice exchange; not the best but it's good. We have done all kinds of research and testing and it is not our favorite but it ranks in the Top-7 of our research.
Regarding our chart:
16,25 is a BIG resistance and the price does not seem to have the momentum to rise higher.
What is worrying us is that the next support is at 9,45 which is very far away... and this calls us to go short here.
Again, that's our opinion, DYOR as always and remember to HEDGE.
One Love,
the FXPROFESSOR
KCSUSDT Up +80% from its Low. Levels to watch next.The KuCoin Token (KCSUSDT) has risen more than +80% since the May 12 Low. By doing so, it broke again above the 1W MA50 (red trend-line) which was the Support during the rise of 2021. Closing the week above it, strengthens the case of a market bottom.
However, we still have a set of Resistance levels to consider on the short-term. The 1D MA50 (blue trend-line) is right above but in my opinion it is the 1D MA100 (green trend-line) which is more important as during the last rebound from a Lower Low (as you see the long-term pattern is a Channel Down), it rejected the price three times. The 1D MA200 (orange trend-line) shouldn't pose much Resistance if the 1D MA100 breaks.
As a result, if we get a 1D candle close above the 1D MA100, I expect a strong extension to the 21.300 - 22.000 Resistance Zone, which has been rejecting break-out attempts since January 05 2022 and is the difference between the start of the new Bull Cycle and the extension of the current Bear Cycle. A rejection on the 1D MA100, should set in motion a new sell-off to the lower Fibonacci retracement levels.
A break above the 62.80 RSI Resistance, adds more to the bullish case.
I have to mention that overall on the long-term, I view KCSUSDT as one of the best investments in the market. The exchange is always backing the token and enriching the project with new fundamentals.
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KCS/BTC - Major BREAKOUT above 5k Satoshi!!! 💪KuCoin Token has broken above 5k satoshi and exploded much higher on sustained volume!
This is a major breakout with a price not seen since 2018 vs BTC!
If momentum keeps up, KCS could challenge the all time high sitting at 15k Satoshi.
The first key resistance is found at 5.8k satoshi and then at 7.6k.
The support at 5k statoshi was not really tested, so probably price will revisit this area in case of a pullback.
Overall, a great performance from KCS and likely to continue.
Bias remains bullish on this price action and the indicators also support further uptrend.
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KCS/BTC - A FULL reversal in a few days! 🤩KCS continues to impress with almost a full reversal from the previous lows which were tested during the 12 May crash.
Support held steady and on the BTC pair, KCS remains strong and may outperform Bitcoin if it manages to escape this large channel with a key resistance at 5k satoshi.
If successful, KCS could run and make some sustained gains against Bitcoin.
For now, KCS is making a nice recovery and indicators are slowly turning bullish. If next week KCS manages to maintain this momentum, then a test of the key resistance becomes likely.
Bias is bullish in the short term, or at least until price reaches the key resistance, then we have to reassess.
Also see below the KCS/USD pair analysis which is also bullish.
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