I have recently showed that KuCoin is forming a long term bottom against BTC.
I showed in particular how on the 28 December 2020 / 3rd January 2021 it mad a false break down out of the bullish wedge and how it rapidly went back inside the bullish descending wedge (post in comments).
On the USD chart KuCoin seems to want to break out of a very long term parallel...
Technical analysis:
. KYBERNETWORK/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 57.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the beginning of uptrend is increased.
Trading suggestion:
. We...
