KlejdiCuni

KCSUSDT: An In-Depth analysis on KCS

Long
KUCOIN:KCSUSDT   KuCoin Token / Tether
Kucoin Token (KCS) is performing very well and it all relates to our previous analysis. A step-by-step analyzing process requires from you to be patient and delve deeper into the data every time you analyze.
The support area located near 18.30 was also noted in the previous analysis. As we can see from the previous ideas, we had a very good price reaction on the daily charts . This is indicated by the long tails of everyday candles.
BTC on the other hand is not showing any clear direction and this is keeping all the other cryptocurrencies down and on alert for the next move. This price reaction pushed KCS very slowly down by testing again $18.30.

Technical developments:
1. The price is holding very strong above 100 EMAs on the daily chart .
2. The rectangular pattern at the top is sleeping on the left structure also defining another strong support area .
3. The MACD is changing direction.

So all three of these combined with expectations for bitcoin should drive the price back higher. The objectives are still the same as long as our analysis is still valid and with new developments that are simply supporting the broader picture.

Objectives:
27.50 if we buy again lower by 21 or + 31%
32. 40 or 54.30%
35.00 or 66.60%
45.30 or 115.70%

Thanks and Good Luck!





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