KCS/USDT (Bullish Weekly Candle)

💎Technical Analysis Summary💎


KCS/USDT


-Weekly time frame analysis shows a strong trendline breakout
-This weekly trendline has been respected since November 2021
-And we saw multiple rejections every time the price retested it
-But recently, a clean breakout, and the KCS coin is holding above the $20
-Bullish price action is expecting the next few weeks provided BTC remains stable
-We have two potential scenarios, a retest near $20 and a good bounce up above $23
-Or the price will continue to rise up to $24 before we see a minor pullback
-For now, these are the two potential bullish scenarios base on current market data
-We will look into the lower timeframe (daily view) in the next few days
-To increase our technical bias coming from a weekly view down to daily analysis
-Congrats to those who entered near the $18 area during its sideways trading
-Now, please make sure you have a stop loss in place at your entry point
-Managing your risk or protecting your position is the next step for long term consistency
-Good luck and stay safe everyone!




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 💱
``````````````````````````````````````````````