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KCSUSDT trade ideas

KCS - New KuCoin chainSo KCS has been getting tons of hype in the past week or so and the chart certainly reflects that. Assuming Bitcoin isn't going bear, then I expect KCS to do quite well in the coming weeks/months. Wave 3 hit the 1.618 extension perfectly. Projection for wave 5 is often the 0.618 extension of the start of wave 1 to bottom of wave 4. No timeline on this, and invalidation is a long way down, so certainly worth being careful at the moment. That being said, there are certainly shades of BSC with all the projects popping up that are building and it's quite similar to BSC/ETH/Matic in that it's just a quick add to your Metamask to begin interacting with the chain. I've tried it to buy a few of the smaller projects building on it, and as with BSC, it's much much faster and cheaper than ETH as you'd expect. Hitting that target would put the MC somewhere around 5 billion I believe which isn't too big a stretch if/when bull market conditions return.
Long
by crossedfingers1
2
KCS: where it might goCurrent interest on the bulflag, and prior levels Good catalysts and fomo last severa days over KCS because of KuCoin launching a defi platform similar to BSC where the native token asset is used for swaps. launch was smooth and the proversion has charting setup. in comparison to uniswap or bsc, third party tools were required to do these types of charting that are available from the get go; i find that highly convenient in ways. Still, first past the posts in the defi space have been 95% scams and familiar rugs even with identical names. giving it a weekend to blow off the top of the scammer fomo degen season, and i think that hodling kcs for more appropriate projects will win 90% of the potential moonshot scams for the immediate to short term. not putting expectations, however, KCS may grant a similar opportunity for scaling as did BSC as a competitor to ETH fees; whereas the main advantage this time around similarities to august 2020 defi on uniswap, and that this is one of the few bullish startups in an overal cowardly market setting. Trading Disclaimer: All trades and ideas posted from this account, including setups, are given for educational purposes only. 95% of trades never win, and instead realize losses. Trading involves risk, there are zero guarantees that you will win any given trade, including this one or others related to it or this account. If you follow any setups, you do so at your own risk, taking full responsibility of any actions and / or outcomes. Nothing posted is to be taken as financial advice. The information and opinions presented by this account should not be construed as investment or trading advice, and is not meant to be a solicitation or recommendation to take actionable trading on any asset, cryptocurrency, securities, or any other tradable digital asset. All content presented is for entertainment and education. No Financial Advice. Past performances are not a guarantee of future outcomes and or results: trading involves strategizing probabilities, there are no expectations on any given trade. Always do your own research and consult a team of professionals from finance and law before proceeding with any type of action in personal finance. All information provided by this account is a general market commentary and does not constitute investment advice or financial advice. None of the information communicated in this accounts tradingview publishings are financial advice and/or incentives, solicitng, advertising, manipulation tactics, and any other malicious behaviour - no, solely for entertainment purposes ONLY.
Long
by The_Clown_of_Smyrna
KCSUSDT AnalysisKCSUSDT hit the monthly 50 EMA and bounced off it on June 22 and broke out the nearest resistance area. The pair had been trading sideways since then for a few days. KCSUSDT is finally broke out of a nearly 3-month downtrend line on July 03 and continued to move up. The pair went further up and broke a resistance zone without slowing down. It reached another resistance zone yesterday and currently is having a minor pullback. The pair may be taking a short break from here before resuming its next move. A break out of the current resistance zone may take it to the next 18.80 resistance area, otherwise, it may test the previous support zone.
by avis06