✴️ KuCoin Token, Good To Know (Name Your Altcoin #58)

1 mar 2023

It is important if you are into reading Cryptocurrency charts to know what the exchanges tokens are doing, since these represent the health of the market.

While the entire market follows the same cycle, there are some variations and different signals can be extracted from different charts.

Still, what one does the rest follows.
If Bitcoin grows, everything grows.

If a set of random Altcoins breakout before the rest, example Dogecoin and Litecoin last year, the rest of the market will also do the same (as it is happening now).

In a way, you only need a few conventional charts, a few crypto charts and you can figure out in which phase of the market we are at.

With this information at hand you can easily decide what to do next or, if you are reading charts, you have a bias that is more likely to be right than to fail.

The truth?

People mostly care only about "their coin", their pair, what they are holding and they won't be digging as much as we do.

So everybody wants to know specifically what their pair is doing or maybe even just receive a confirmation would be enough to calm those doubts or just to know that there are others with the same view, as us.

(How's my grammar? Not good I am guessing...)

KuCoin Token | Many Bullish Signals... Good To Know!

A giant vs an ant.

I am the ant and they hit me in retaliation... Ouch!
I get it, you win!
I have to give up fast, they can decide to step on me and crush me to death.

Ok, the signals.

1) Major downtrend broken = bullish.
2) Trading above June 2022 low = bullish.
3) November lower low recovered in January = bullish.
4) Trading above EMA10 weekly ($8.28) = bullish.
5) MACD trending up with green histogram = bullish.
6) Weekly RSI above 50 = strongly bullish.

The potential targets are on the chart.
It is not about being right or being wrong.

It is all about your goals and having the right strategy or plan to achieve them.
Some we win, some we lose.
That's the game.

Get used to it.

Namaste.