KCS - A gem inside the rock
Kucoin Token (KCS), also known as Kucoin Share is a Token introduced by Kucoin Exchange - Kucoin.com
From my perspective, this coin is currently undervalued as it has many advantages compared to other cryptos.
Fundamental reviews
Strengths:
-Kucoin Bonus - a bonus scheme from Kucoin for KCS holder. Kucoin will spend 50% of the exchange daily revenue to buy KCS and payout to holders at 00:00 (GMT+0). KCS to me is like a Stock of Kucoin exchange which payout dividend for investors, not just a coin. The current payout rate is about 25% / year - much higher than any other stock. The normal dividend rate of any stock is only about 5-10% per year, so from an investor perspective, this coin should increase by 100% to have the correct value.
-Kucoin quarterly buyback and burnt - Kucoin will buy back KCS from the market and burn the coin every quarter, the next burn will happen by 25/02/2021 for the value of over 600,000 USD.
-KCS is going to get listed to 5 additional exchangers in 2021, which can help to increase the price of this coin.
Risks:
-Currently, KCS is ranked 141 at the time I'm writing this review on Coinmarketcap, the trading volume for this coin is pretty low even though this is a native token of an exchanger.
-KCS just increased price by more than 200%, which means there is a high chance that the token needs a consolidation period.
-Kucoin Exchange got hacked last year, but they have recovered all the funds and all the client gets their money back from Kucoin.
Technical analysis:
-Kucoin just broke through resistance at 1.4 & 2.3, and reach the new resistance at 3.0 USD. If the support at 2.2 can hold, there is a high chance that Kucoin can break through 3.0 and reach the next resistance at 4.5.
Recommended Trading Strategy:
-Buy at 2.2-2.3 USD, stop loss at your own risk preference (I put mine at 1,9988 )
-Take profit price: 2.98 - 4.55 - 6.15
Please add my code for signup if you want to get some KCS on kucoin: 2Qfecwv
Thank you
KCSUSDT trade ideas
KCS to $200 - 100X profitKCS is one of the biggest spot exchange for US users and its the right time to accumulate KCS token as when it will start burning their KCS token its price will go to $200 in few weeks.
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KCS ready for epic run, Will go Like BNBKCS is the native token of the Kucoin exchange. Kucoin has a good reputation among the crypto community and has a good trading volume. KCS has recently updated its smart contracts and now users can enjoy the benefits of DeFi, DEx, lending, etc. KCS will follow BNB and will soon start a new bull cycle. Don't miss out on KCS.
Buy Zone: Below $2.5 (add more in dips till $1.75)
Target: $2.85 - $3.2 - $3.7 - $4.1 - $4.5 - $5.4 - $6.1 - $7.4 - $8.5 - $9.6 - $11 - $14 - $17 - $20
KCSUSDT Express... KuCoin is solidly advancing. 1st🎯 14%FibKUCOIN:KCSUSDT
Life changing events. 10x Margin KCSUSDT In @ $1.20
The chart is absurd, in a great way! Watching Cardano ADA this week reach the $.70 area resistance was the old 50% Fib Retracement of it's ATH to ATL>>>$1.40:$0.017, a clear indication that the algorithmic trading bots are programmed to these levels. I find it quite fascinating.
In any case, looking at KCSUSDT we see that the first major Fib level is the 14% Retracement
ATH: $21.30
ATL: $0.074 (it never looked back...never made new lows)
14% Fib Retracement: $3.27 First Major Target
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KuCoin - little time left !I have recently showed that KuCoin is forming a long term bottom against BTC.
I showed in particular how on the 28 December 2020 / 3rd January 2021 it mad a false break down out of the bullish wedge and how it rapidly went back inside the bullish descending wedge (post in comments).
On the USD chart KuCoin seems to want to break out of a very long term parallel channel.
This fact gives further confirmation to my thesis that KuCoin will become a monster exchange and its dividend bearing token will outperform Bitcoin in a big way in the near future.
Since my entry point on January 5th I am up 62% in USD terms and 34% in Bitcoin terms.
January 3rd market a LONG TERM BOTTOM on the RSI indicator and also on the OBV indicator.
Please refer to my previous post on KuCoin. This token, that pays important dividends, will become a CASH COW for today's investors !!
KCS USDT GIANT BULLISH FLAGPrepare guys for KCSUSDT BULL RUN !
Moon is upon us !
BTC gain brigs volume to the markets. KCS is the Kucoin exchange token.
KCS gives a portion of exchange fees bonus for holders and fees discount.
KCS is one of the best exchange tokens.
If volume grows on Kucoin exchange KCS will skyrocket!