KCSUSDT Short-term approach around the 4H MA50

The KuCoin Token got rejected early this month (March 01) on its Resistance Zone (1) that is holding since January 16th, practically almost 2 months. The symmetrical Support (1) held on March 07 but the rebound was short-lived as it got rejected on the 4H MA50 (blue trend-line).

In our opinion, this holds the key for the coin's immediate price action. If the 4H MA50 breaks, we expect another Resistance 1 test within 21.000 - 21.230. A 1D candle closing above it, would justify the test of the next Resistance (2) at 23.200.

On the other hand, a break below the 17.530 Support (1), would be a sell signal with the 16.020 Support (2) as the target.

So far the 1D CCI (indicator below the chart) is at the same levels of February 23. This also supports the above argument, as when 17.530 broke with the CCI collapsing to -200.00, KCSUSDT hit 16.020.

Keep also an eye on the Internal Pivot trend-line (dashed line) for a potential bounce, as it has bounced the price 5 times already since January 17.


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