KCS/USDT ($21 Short-Term Support)

KCS/USDT ($21 Short-Term Support)

💎Technical Analysis Summary💎

KCS/USDT

-KuCoin Token is technically respecting the EMA19 on the 12H timeframe
-The Bulls are always buying the pullback oppurtunity every time the EMA19 is hit
-Currently, there is a short term consolidation with support at 21 dollars and resistance at 25 dollars
-If this pattern breaks above the 25 dollar ATH price, the next minor target is at 26-27 dollars using Fib ext.
-The priority remains to the upside, still expecting a potential continuation due to price discovery
-No major red flag yet despite the bearish move of BTC recently
-Following the trend is the easiest way because that is where the least resistance
-If you are following this coin, make sure you have a stop loss below EMA19 to protect your profit
-I’ll give a new update if a breakout or new pattern is developed
-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.
As the native token of KuCoin, the value of KCS is strongly correlated with the KuCoin exchange platform.
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges. It currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 8 million users in 207 countries and regions around the world.

For more info about KCS and Bonuses, please visit the link under my Signature Field.

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