KCS/USDT (200D-MA Acting Support)

💎Technical Analysis Summary💎


KCS/USDT


-KCS token has retested its key daily support area & 200D-Moving Average
-Due to the recent downward move of Bitcoin touching the 37k dollars
-Technically, the bulls are defending this $17 daily support of the KCS coin
-We can see the price respected this level 3 times since Feb 3, Feb 24, and today
-The weekly view is still bullish while the daily time is on sideways action
-But remains bullish as long as the 200D-Moving Average is holding the price above
-No major red flags on the market despite Bitcoin's choppy price action
-I don't think we can see any good price action on the lower time-frames like 12H-4H-1H
-So we will try to analyze the daily up to the weekly view on the next update



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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