KCS/USD - Kucoin Token Holds above $18. Where Next?
KCS appears to be in a long consolidation with price within a large range from $21 acting as resistance to $18 acting as support.
This flat trend is not very excited and a break of the key levels is needed for KCS to move passed these levels. The indicators are also rather flat in line with the price action.
The recommended course of action in such cases is to be patient and wait for the price to break away, otherwise taking a large position here can be quite risky.
Both the MACD and RSI are hovering around mid-levels and a trend is yet to emerge.
Volume remains low, but the OBV indicates a bullish bias with a crossover above the moving averages.
Best to be patient at this time.
Bias is neutral and will change only when one of the key levels is broken.
Like and follow if you liked my idea!
This flat trend is not very excited and a break of the key levels is needed for KCS to move passed these levels. The indicators are also rather flat in line with the price action.
The recommended course of action in such cases is to be patient and wait for the price to break away, otherwise taking a large position here can be quite risky.
Both the MACD and RSI are hovering around mid-levels and a trend is yet to emerge.
Volume remains low, but the OBV indicates a bullish bias with a crossover above the moving averages.
Best to be patient at this time.
Bias is neutral and will change only when one of the key levels is broken.
Like and follow if you liked my idea!
📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.