KCS is on flames! From my previous idea,(www.tradingview.com/...he-daily-resistance/) the price had more than 12% and now it testing the new resistance after the breakout from the descending weekly channel.
Now the price is testing the previous resistance as new support.
How to approach?
We are waiting for the new breakout from the 22$ level and if the price is going to satisfy our rules, we could open a new long position. Next resistance is on 23.5$
What's new on KCS?
The Burning Program is a bullish event!
- Known as the "People's Exchange", KuCoin is a Top 5 Crypto Trading platform
with over 600 coins and 10+ million users.
- KCC is a public chain project initiated and built by the developer community of
KCS and KuCoin that aims to solve the network latency and high gas fee of
Ethereum.
- KCS is the native token of KuCoin Exchange and KCC.
- As the KCS whitepaper was released, the new era of KCS is dawning.
- With the vision of "from geeks to mass adoption", KCS is building a
blockchain-based value sell-circulation ecosystem.
- KCS will redistribute the 90 million KCS locked at the time of issuance, from
which 20 million KCS will be directly burned.
- KCS will connect the world of both centralization and decentralization and will
build a Web 3.0 ecosystem.
- KCS Management Foundation is established to empower the KCC ecosystem.
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
Comment:
The price is creating a bullflag after retesting the 0.5 Fibonacci level. We are waiting for the clear breakout.
Nice potential
Nice potential
Comment:
waiting for the breakout form the bull flag
Don't miss it!