KCSUSDT trade ideas
KCS bullish scenarioKCS will boom if this tough resistance got broken!
KCS is one of the best exchange tokens which can be compared with BNB in many aspects. by KCC establishment and considering its use case we can expect good price surge for $kcs in months ahead. remember that $kcs MC is too low compared with other exchange tokens!
KCS Channel with Upper and Lower limitsThis is a curved projection channel created upon a bounding box. For the creation of the chart, we use 3 "moving averages" that cover the center, upper and lower boundaries for potential movement. Even if this not an attempt to forecast a trend, it allows to have an easy to read view of probable limits. Just sharing my personal charts for learning purposes.
KCS on important placeKCS on 78% fibo target it can go up from here if anything good and dont see panic sell again
If you want to buy wait to brake resistance line
We need to see btc moves if supported and move up wait for kcs to going out of pattern
23$ and 34$ can be our targets if anything was good
KuCoin Bounces Off 45 Day Channel Support-KCS has dropped nearly 80% from its ATH
-Kucoin has found support at the $6 range
-RSI faces 2 week trend line
Kucoin has had an amazing last year rising over 1500%. In the past few weeks KCS has gave up much of these gains as the entire market experienced its worse sell off in over a year.
KCS has held strong support level of $6.31. This area is met with the bottom trend line of the descending channel. Kucoin has respected this descending channel for nearly 2 months. If the support range of $5-$6 cannot hold, expect a retracement to $4.40 zone.
The 30MA has held as resistance for nearly 2 weeks. KCS must break and hold this MA to have a shot at breaking the major resistance of $8.56. If Kucoin manages to break this resistance and hold, it will likely rally to $10.35 and potential the top trend of the channel.
While looking at the Stoch RSI, we can conclude that strength has strongly revived out of oversold levels. Strength must curl around back to overbought area to have a shot at breaking resistance. The regular RSI has been held down by a trend for over 2 weeks. Once this breaks, KCS is ready to uptrend.
KCS intraday levels
Spot rate: $7.07
Trend: Bearish
Volatility: High
Support: $6.30
Resistance: $8.56
Kucoin in Her LoinsLearn this:
For the Most Centered
The Universe Submits
Completely
Undeniably
Unconditionally
Why make a half mill
When you can make a mill with the same resources
My brother
The Beauty of a Trader
The Curse of a Trader
Is Equinamity of Choice
Curses too are but a tool in Service of the Darkness
The Darkness is but the Other Side of Light