KCS/USDT ($18 Acting Good Support)

💎Technical Analysis Summary💎


KCS/USDT


-I haven't updated my post regarding this coin due to no clear directional bias
-But today, we can say the price is respecting the 200D-MA as a dynamic support area
-This zone still confluence of important price levels of 17-18 dollar mid-support
-KCS coin has been consolidating in this area for more than 2 weeks now
-I am expecting a market big move and most probably to the upside
-Provided the 200D-MA will continue acting as support in the coming days
-Now, if an upside breakout is confirmed, the price target is up to 21 dollars or mid-resistance
-If you are holding a position on this coin, please make sure to have a stop-loss below support
-Because if this area of support is broken, expect a longer consolidation to the downside will happen
-My current technical bias is sideways to bullish view in the short term
-Please, manage your risk and do not invest more than you can not afford to lose
-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, please visit the link under my Signature Field.



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