KuCoin KCS | Bullish ascending triangle leading to breakout
It's totally crazy how many new projects are listed on KuCoin each day. Most of these projects are probably going to die within the next 2 - 5 years. But keep in mind that KCS has currently a market cap of ~1.46bn USD. Once we see more volume coming into this market, KCS will be my top centralized exchange token. I think it is totally undervalued atm. KuCoin has more trading volume than FTX, while FTT is worth ~3.7x more than KCS. So, that leaves some room for KCS to grow!
From a technical perspective, KCS is forming and ascending triangle. We saw a failed breakout attempt on the 29th March. Since that the price stabilised around its main support trend line.
With the volume slowly increasing, it's almost safe to say that this is setting up for an explosion.
From a technical perspective, KCS is forming and ascending triangle. We saw a failed breakout attempt on the 29th March. Since that the price stabilised around its main support trend line.
With the volume slowly increasing, it's almost safe to say that this is setting up for an explosion.
Comment:
We reached our first target! Congrats everyone!