KlejdiCuni

KCSUSDT Price Analysis: Moment Of The Truth | Possible Breakout

Long
KUCOIN:KCSUSDT   KuCoin Token / Tether
From the previous analysis, the price increased by + 11%.
So what can happen now?
In fact, the price is close to a critical area as it is testing the top trend line of the "Wedge Pattern"
So we are in front of two possible scenarios.
Scenario 1:
The price can continue to move higher than it is now and may reach our targets.

Scenario 2:
The price can make a pullback before it moves above the resistance trend line .

For the current model, I am building my assumption based on the previous two models, that the model can be completed very quickly as an ABC wave correction.
The previous two bullish patterns highlighted in the chart were formed with ABC wave corrections.


Short Term Targets:
23.50
27.50

Medium Term Targets:
32. 40
35.00
45.30

Thank you and Good Luck!

Key Information:
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.

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