KCSUSDT trade ideas
Kucoin bullish patternFrom my prediction immediately it passes this current level it will test the 12 dollar mark that is if BTC which is the parent coin holds 32k dollar but on a long term which is 5yrs from now i see it hitting 50 dollar mark.Am an investor not a trader so trade what you can loose
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.
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.
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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.
KCSUSDT longI made this chart 3 month ago and as you can see the levels are working perfectly. KCS previous ATH was not beaten yet, we can expect the price to go to 1.618 fibo lvl which is 34$ very soon and rocket up. Possible correction to0.382- 0.5 fibo lvl 8.37$-10.8$ where I plan to buy more KCS.Possible price 80-100$ this year. HOLD