KCS/USDT (Potential Bounce Up?)

💎Technical Analysis Summary💎


KCS/USDT

-KuCoin token has still held above previous resistance for 15 days now
-Respecting the important EMAs19/23 as the candles close above this moving averages
-This is technically a good sign because the old resistance may flip into new support
-Since BTC is moving in range for the past few days, the KCS coin has the potential to bounce up
-If we can see a move up, a test around 25 dollars is likely in play
-And the basic stop-loss location is placed under the lowest candlewick last Dec 3
-Alright, we will have to observe the next move of this coin this coming new week
-Good luck and please manage your risk always


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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