KCS/USDT (Bullish above 20 Dollars)

💎Technical Analysis Summary💎


KCS/USDT


-Expecting from the last update the price action respected the 200D-Moving Average
-As a result, the bulls have shown up and currently breaking above the mid key resistance area
-If the bulls can sustain this momentum and hold above 20-21 dollars in the coming days or weeks
-Then we could expect more upside rally or potential short term continuation pattern
-If and only if things work out as planned, the KCS coin might test the all-time high price level
-If you missed the entry at 18 dollars a few weeks ago, I suggest waiting for a pullback or new pattern
-Because the current risk to reward ratio is not in your favor based on its price structure
-I will give a new update in the next few days and will have to wait how long the bulls can keep up
-My previous technical bias is sideways to bullish but now I'm leaning toward the bullish side
-So 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.


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