KCS/USDT (Trendline Support)

💎Technical Analysis Summary💎


KCS/USDT

-Bitcoin price action has been going down for the past few days now
-Many altcoins are affected by this downside move in the crypto space
-But for the KCS coin, has been respecting the previous trendline resistance
-Currently acting as a new support area for 2 weeks already with the confluence of EMA19/23
-Also, the previous top last April 2021 is acting support too
-So far, no major red flag yet and still following the potential path of this retest
-If the market turns out good in the coming weeks, I expect KCS to recover above $22
-For now, we will have to wait and observe the next weekly candle
-I will try to share new updates in a lower timeframe (daily) on the next publish
-Please always follow your stop loss in case the market goes against you
-This is very important in the risk management discipline
-Good luck traders!


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.
KCS broke a new all-time high on December 1, 2021, reaching $28.77. Another important milestone for KCS is the development of KCC.
KCS is used as the only fuel and native token for KCC and can be used to pay gas fees and support the development of projects built on KCC.


For more info about KCS, please visit the link under my Signature Field.


Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉


``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
``````````````````````````````````````````````