KCSUSDT trade ideas
KCS/USDT Broader consolidation wedge is forming. Buy opportunityIntro:
- KuCoin evolves into one of the big competitors of Binance, FTX and Coinbase.
- Often times Coins are listed earlier on KuCoin than on other major trading plattforms.
- The current marketcap is around 1 billion which is much smaller than the marketcap of the main competitors.
- It takes some time to create such ideas and drawings.
You are welcome to pay me back with a comment that states your opinion and maybe leads to further improvements considering my charts and explanations.
Daily chart:
- KCS failed to break through the 15$ line and crashed together with the whole market.
Currently price is near the bottom of the consolidation wedge.
- The RSI declines and probably finds support around the mid 30's.
- Volume keeps decreasing which is in line with a extended consolidation.
- The 200MA is currently slowing down the downfall. Staying close is critical to not drop down even further.
(The following description is taken from last discussion.)
- KCS touched the 20$ line during April 2021 which is very close to the ATH which is around 21$.
- Afterwards KCS dropped hard back to even 5$ and currently consolidates to make another major upwards move.
- Trading volume decreased during the last 6 months and only saw spikes which coincides with a consolidation phase.
Expectation:
- The overall market crash comes most likely mainly from China fud and therefore is not considered to be "normal" price action.
Due to that as well to all the on-chain data we see this as great buy opportunity and expect the price to recover and continue to go higher.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone . Check the description.
KCS/USDT Update: Beartrap in play? Looking for 15$+.Intro:
- KuCoin evolves into one of the big competitors of Binance, FTX and Coinbase.
- Often times Coins are listed earlier on KuCoin than on other major trading plattforms.
- The current marketcap is around 1 billion which is much smaller than the marketcap of the main competitors.
- It takes some time to create such ideas and drawings.
You are welcome to pay me back with a comment that states your opinion and maybe leads to further improvements considering my charts and explanations.
Daily chart:
- KCS did try to break above 15$ and then did fall together with the whole market even below the rising purple line.
This formation can be called bear trap once we break back into the rising narrowing wedge.
- On the RSI side we broke out below the consolidation channel and did find support around the 40line.
(The following description is taken from last discussion.)
- KCS touched the 20$ line during April 2021 which is very close to the ATH which is around 21$.
- Afterwards KCS dropped hard back to even 5$ and currently consolidates to make another major upwards move.
- Trading volume decreased during the last 6 months and only saw spikes which coincides with a consolidation phase.
- One can draw an inverse head and shoulders with a breakout towards the 14$ price line.
Expectation:
- We expect to break back into the narrowing upwards wedge.
- Once we break above 15$ we look for a strong volume increase.
- The first target is the 20$ price range but for the end of 2021 we expect to go up higher and therefore into price discovery mode.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone . Check the description.
KuCoin token is looking primed. There’s a huge bullish divergence going on in the KuCoin chart and it may just be strong enough to get back to ATH. Right now it’s holding the trend line as well as the local support so an invalidation will be a break of both with a 4H candle close. If that’s not the case, I’m riding the token till it’s ATH.
KCS/USDT The next big trading platform? Breakout imminentIntro:
- KuCoin evolves into one of the big competitors of Binance, FTX and Coinbase.
- Often times Coins are listed earlier on KuCoin than on other major trading plattforms.
- The current marketcap is around 1 billion which is much smaller than the marketcap of the main competitors.
- It takes some time to create such ideas and drawings.
You are welcome to pay me back with a comment that states your opinion and maybe leads to further improvements considering my charts and explanations.
Daily chart:
- KCS touched the 20$ line during April 2021 which is very close to the ATH which is around 21$.
- Afterwards KCS dropped hard back to even 5$ and currently consolidates to make another major upwards move.
- Trading volume decreased during the last 6 months and only saw spikes which coincides with a consolidation phase.
- On the RSI side we also see a strong consolidation towards the 60 line.
- One can draw an inverse head and shoulders with a breakout towards the 14$ price line.
- Currently KCS is above all MA lines.
Expectation:
- We expect to see an upwards breakout to happen very soon.
- The first target is the 20$ price range but for the end of 2021 we expect to go up higher and therefore into price discovery mode.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone . Check the description.
KCSUSDT Technical Analysis
⏳ Spot
💎 KCSUSDT has formed a Triangle. The price action shows that the Bulls are pushing the prices higher but we might see another rejection from the resistance before we go higher.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 12.750
☕️ TP1 15.025
🍺 TP2 15.635
🍻 TP3 16.200
🍾 TP4 17.000
🍷 TP5 18.500
🍸 TP6 19.750
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 11.750
Good Luck 🎲
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KCS Short Term ChartLooking at KUCOIN:KCSUSDT . Thinking this has the potential to go parabolic if the market conditions continue - or at the very least set new ath, in the near future.
The way I see it, it can dip back down and retest the diagonal or can have a successful retest here before going higher. This one looks like one of the more promising crypto charts.