KCSUSDT Inverse Head & Shoulders with 4H MA50/200 supporting

The KuCoin Token is maintaining its bullish sentiment after the January 22 market bottom as during this week's selling, the price found Support on the 1D MA100 (green trend-line) and is currently rebounding. If this holds, it will be an early bullish signal as with the 4H MA200 (orange trend-line) holding as well last week, KCS has formed an Inverse Head and Shoulders (IH&S) pattern. If the 21.205 Resistance breaks on this buying pressure, the technical target should be the 2.0 Fibonacci extension at 23.800.

Keep an eye on the MACD for a potential Bullish Cross that will confirm this break-out as when around the same level a MACD Bullish Cross took place, the price soared to +16.60% to the 21.205 Resistance. A +16.60% from a potential new Bullish Cross, will be exactly on the 23.800 2.0 Fib extension.





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