KCS/USDT (Fib 0.382 Acted Support?)

💎Technical Analysis Summary💎


KCS/USDT


-First of all, BTC broke bearish down to 55k dollars today
-Most altcoins are affected by this downward move
-But this KCS coin showed strength and still respected the EMA23
-This moving average is a confluence of Fib 0.382 level
-That could be a good oppurtunity for the Bulls to re-enter this market
-For now, there is no major red flag of KCS, so the priority remains to the upside
-But if the Fib 0.382 is broken, that could be a potential start of deep correction
-Be cautious when trading today as the market still not stable
-Always follow your stop loss and reduce your position size if possible
-Good luck and stay safe everyone!


KCS is the native token of KuCoin, which was launched back in 2017 as a utility token that allows traders to share the growth benefit of the exchange. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain.
As the native token of KuCoin, the value of KCS is strongly correlated with the KuCoin exchange platform.
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges. It currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 8 million users in 207 countries and regions around the world.

For more info about KCS and Bonuses, please visit the link under my Signature Field.



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