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TheSignalyst
Nov 6, 2022 4:23 PM

KCS - Potential Bullish Reversal! 

KuCoin Token / TetherKuCoin

Description

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

KCS is stuck inside a range, around support and round number 10.0

For the bulls to take over, we need a break above the gray neckline. In this case, a movement till 15.0 would be expected.

Meanwhile, if the bears manage to push below 9.0, then we will be expecting further movement downward.

Which scenario do you think is more probable and why?

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
Comments
SwallowPremium
Great setup here, keep it up!
KlejdiCuni
I like the chart you have posted today. It looks very good. Thanks for sharing your analysis with us.
Solldy
Well, not all indicators support this scenario now, and neither does the news. That is why I think that the idea will not work, and the risks are too high now. But thank you for sharing your vision.
Cybernetics_tl
Once it will break and leave the squeeze , we could see a really big move ! Let see ! 💪
TheTradersAvenue
Good view,thanks for sharing
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