KCS/USD - Kucoin Token holds strong despite market carnage!!!Centralized exchange tokens have held very strong despite today's market meltdown. This is clearly shown by the KCS/BTC chart, where KCS is in the green versus Bitcoin. The same applies to BNB or FTT.
This means demand for exchange tokens remains high and the bears did not manage to break their key support levels.
Despite a drop to $18 during the crash, KCS recovered entirely and is now firmly placed above the support line at $21. This is again a sign of strength!
Key Support level: $21
Key Resistance level: $34
The bears did not manage to close the price below the key support level, this is bullish and shows the bulls remain in control of KCS's price.
Technical Indicators:
Trading Volume: High volume on this drop, but KCS recovered well and FAST. This is bullish.
RSI: The RSI continues to drop on the daily timeframe. Bulls need to be careful as bears may attempt another break of this key support and it is important for KCS to not lose this level.
MACD: The 3-day MACD remains bullish, but it is fast approaching a bearish cross. Hopefully, KCS manages to consolidate at this level and not close a daily candle below the key support.
Bias:
The bias for KCS is neutral at this time. Best to be careful considering the current market conditions. The bears may attempt another break of the support level. If they are successful, KCS can quickly fall towards $15.
Short-Term Prediction for KCS Price:
Expect to see KCS price just above the $21 support level in the near term. But watch out, as this level has been under a constant attack from bears. Price has held well every time so far. If the overall market continues to drop, then the pressure will build up on bulls.
Also check my BTC idea below for a status update on the overall market.
Like and follow if you liked my idea!
KCSUSDT
Will we see exponential growth on KCS?KCS is slowly but surely preparing for its fifth wave, which should end over the rising channel!
KCS is undoubtedly completing its growth cycle, which will be followed by a correction. This correction can range from -50% to -80% . At best, this correction will end at the bottom of the channel, at worst, below it, which could mean a longer consolidation for KCS. This would mean more time and better prices for us to buy
KCSUSDT Bullish signal on LMACD. What to watch for.$40-70 targetThe KuCoin token is forming today a very strong bullish signal on the 1D time-frame. The LMACD indicator is making a Bullish Cross. As you see on the chart, since June, every time the LMACD formed a Bullish Cross following a Bearish Cross top, the price soared by more than 50% (in particular +50%, +105% and +175% on those three times).
The dominant pattern has been a Channel Up since the May bottom and as you see, if KCSUSDT indeed rises following the LMACD Bullish Cross, it will break this Channel to the upside for the first time since the bottom. Technically, the higher Fibonacci extensions (1.5 Fib and 2.0 Fib) will start playing their part if that happens. So you may consider this potential break-out as an additional confirmation bullish signal.
It is interesting to note at this point that the U.S. Dollar Index (DXY) also offers great insight to potential rallies on KCS. On this chart the DXY is displayed by the green trend-line and as you see, since the first LMACD Bearish Cross signal in mid June, most rallies on the KuCoin Token have coincided with drops on the DXY, which is natural for assets valued in USD terms. Since November 25 the DXY has started to pull-back so that may be an extra early signal of an upcoming rally on KCS.
Personally I am not missing out on this buy opportunity and neither should you. I have the following three successive targets: $40, $50 and $70 within a two-month horizon.
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KCS/USDT ($22 Acted Support)💎Technical Analysis Summary💎
KCS/USDT
-On November 25th, KCS tried to break the recent ATH level
-But due to Bitcoin's downward movement of at least -10%
-The attempt to hit a new level has failed
-The good side though is still bullish
-Since the important EMAs are respected to date
-If the overall market will remain stable next few days
-I expect KCS to retest the ATH level again
-I'll provide a new update as soon as new data develops
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.
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
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KCS 12h Buyers do not give up, next it will be more interestingAnother week has passed, and we are doing the idea of the pair KCSUSDT again
The weekend was very interesting, but let step by step
First, to understand the logic of our thoughts, we recommend you to look through our series of ideas for the KCSUSDT trading pair
We wanted to buy KCS at $20-21 , moreover, we even bid buckets in the range of $13-15 , but the price is not going down)
And we see global goals for growth in the area of $100-110.
Now let's have a look at our idea of BTCUSDT, which we also wrote last week.
And now let's compare the charts.
As you can see on today's double chart, on 26.11 there was quite a strong fall in the cryptocurrency market, but the price of BTCUSD updated the minimum, but the price of KCSUSD was held by aggressive buyers and did not allow to update the minimum.
We see that Bitcoin and KCS form different consolidation patterns, but from our own experience and observations we now bet on the continuation of growth
In crypto anything can happen and no one is insured from "black swan" , that's why we still hold buckets at $13-15. However, the fact is that the price Kukoin token is kept strong and in our desired buying zone of $20-21, we have performed only one buy order, maybe we will have to buy higher, time will show)
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
KCS/USD - Bulls maintain the upper hand! KCS holds above $21!Kucoin token (KCS) has been put under a lot of pressure as the bears attempted again and again to break the key support level at $21. So far the bulls have won every fight and price has stabilized just above this key level.
Key Support level: $21
Key Resistance level: $34
This week, volatility on the market was very high with BTC falling to $54k and ETH to $4k. Despite these drops, KCS has managed to maintain its price above $21. This is a sign of strength. However, when a support level is tested again and again the chance of it breaking also increased, therefore the bulls better push KCS higher soon to avoid this scenario.
Technical Indicators:
Trading Volume: Volume has remained sustained, both on bullish and bearish days. Interest in KCS is high, particularly at the current price level.
RSI: The RSI dropped under 70 points, but now appears to curve back up. Should the RSI go above 70 points again, then a rally becomes likely for KCS.
MACD: The 3-day MACD remains bullish, however, the histogram is falling. On the daily timeframe, MACD has been bearish for a while, but so long price is above $21 this is not too concerning.
Bias:
The bias for KCS is bullish and will remain so as long as price does not fall below $21, which is the current support.
Short-Term Prediction for KCS Price:
Expect to see KCS price just above the $21 support level. A breakout appears unlikely at this time and KCS can continue to consolidate for a while around this level before either the bulls or bears take control of price.
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KCS - Outlook ✅KCS - KuCoin
KCS is heading to retest the ATH ($27.888).
The market is showing Buy Volumes for this coin right now, and also, the value just got support from the lower Bollinger Band.
Since we don't see enough Buy Volumes to breakout and pass ATH, we might move sideways to consolidate for a while and build a better, solid value.
There are two support areas on the chart.
The first one is the local support zone which can hold the price and push it back up in case of any sudden market crashes.
The lower support zone is our Solid Support area which is our most substantial demand zone.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $24.203
Let me know your ideas.
Good luck.
Kucoin explodingHello.
Do you know KCS? Otherwise I'll introduce you here.
Fundamentalist analysis
KCS is the native currency of Kucoin, one of the largest exchanges in the world.
It is used as a utility token (to lower rates), and also in the same broker's KCC blockchain in the DeFi ecosystem.
In other words, it is to Kucoin what BNB is to Binance.
On the DefiLama website, which specializes in analyzing DeFi data, the KCC blockchain was first created in August of this year, so it's pretty recent.
According to this same site, this blockchain has a TVL (Total Value Locked) of $17,060,873.
So it's an ecosystem that is growing and is just beginning.
The supply data for this currency are:
Total Supply: 167,073,331 units
Circulating Supply: 77,073,331 units
Graphical Analysis
KCS/USDT
On the monthly chart against the Dollar we have a breakout in a "Cup and Handle" pattern.
By plotting the Fibonacci range, the next target is at $89, which is a very promising thing.
KCS/BTC and KCS/ETH
On the same graph against Bitcoin and Ethereum, we also have a breakout of a resistance.
Considering the last historical top in these two assets, we have an upside of around 100%.
Hope this helps, greetings
KCS/USDT (EMA23 Acting Support)💎Technical Analysis Summary💎
KCS/USDT
-Not much update for the KCS coin as the price is trading in a range
-Currently, the EMA23 is still being respected with the confluence of Fib 0.382
-If we can see a strong move above 25 dollars in the coming days
-That could signal an uptrend continuation and potential new ATH levels
-For now, the market is calm and waiting for a signal direction
-If you are holding this coin, you should have a stop loss below $20
-Because a breakdown below 20 dollars may lead to mid-term correction
-Be cautious, because the overall market is not yet stable
-Things can go wrong fast so always have a trading plan with proper stop loss
-Good luck everyone and stay safe!
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.
⚠️Please always read the description⚠️
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 💱
``````````````````````````````````````````````
KCS 1D Long buy zones in the description of the ideaLast week, we looked at the trading pair KCSUSDT on the global chart and weekly time frame.
By the number of likes and comments, we realized that you are interested in this trading instrument, so today we will look at its prospects on a smaller time frame.
For starters, we offer you to review our previous idea in order to understand our thinking globally:
And today let's take a look at the chart on the daily time frame.
During the week the value of BTCUSDT fell by 10% (at the time of writing the idea) and the value of KCSUSDT fell by 10% too. Decent behavior and reaction as for the altcoin to the volatile maneuvers of BTC, usually altcoins lose much more on the fall than BTC.
In a previous idea we marked the $20-21 area as a tasty one for buying a mid-term investment position, since then the low was $20.74.
Since we still allow the possibility of updating the low of BTCUSD in the coming days, the possibility of KCSUSD coming down closer to $20 also has a chance to live.
Also, you can check how lucky man you are and place buckets to buy KCS in the liquid zone of $13-15 in case of sudden and unexpected spill of the whole cryptocurrency market (unfortunately or fortunately, such situations happen)
However, the global benchmarks for growth unchanged are $100-115
If you want us to continue our series of ideas on the KCSUSDT trading pair, write about it in the comments and give us a like
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
AI/USDT repeating same fractal as KCS/USDT? Multiverse may be on the verge of a monumental run. As we can see it has broken and maintained above the 21 week EMA (purple) for over 3 weeks in a row. This reminds me of back in January when KCS broke above and maintained support above the 21 EMA on the weekly. It's hard not to spot similarities between the two. KCS produced 2000% gains. With the recent boom of gaming and metaverse coins, it wouldn't be too shocking to see a similar run in Multiverse (AI).
KCS/USD - Support held, KCS aiming for $34 next! 🚀Kucoin token (KCS) had an attempt to push higher after breaking above the ascending triangle, however the broad market correction from this past week stopped it and price fell back on the key support. KCS price is now again trying to move higher.
Key Support level: $21
Key Resistance level: $34
This week, KCS consolidated just above the support line and even if the crypto market had a sharp correction, KCS managed to hold well above the $21 support. This is a sign of strength and provided that the overall market does not correct lower, KCS has a real chance to move higher towards the next key resistance at $34.
Technical Indicators:
Trading Volume: Significant volume in the past few days, however bulls came in strong at the support level and stopped any attempt from bears to push price below $21.
RSI: The RSI is curving up and this last 2-day candle is looking strong, recovering most of the losses from the past week. As such, the RSI may soon break back above 70 points. This is a very bullish signal.
MACD: The MACD is bullish and the recent correction did not affect this momentum. If KCS can maintain this price action and continue to move higher, then it is unlikely there will be much to stop price reaching $34.
Bias:
The bias for KCS is bullish and will remain so as long as price does not fall below $21, which is the current support.
Short-Term Prediction for KCS Price:
Despite the recent market correction, KCS has remained very strong and recovered most of the losses. At the time of this post, price is sitting at $25 which is not far from the current all-time high (ATH) at $27.8. If momentum remains strong, KCS can rally and break the current ATH and move towards the next key resistance at $34.
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KCSUSDT Technical Analysis⏳ Spot
💎 KCSUSDT has formed a symmetrical triangle. After the breakout it is expected to go higher. We might see a Pullback before the breakout after the rejection from the resistance zone
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 23.848 - 21.631
☕️ TP1 25.976
🍺 TP2 29.483
🍻 TP3 33.071
🍾 TP4 36.500
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 21.631 - 19.518
Good Luck 🎲
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KCS/USDT (Fib 0.382 Acted Support?)💎Technical Analysis Summary💎
KCS/USDT
-First of all, BTC broke bearish down to 55k dollars today
-Most altcoins are affected by this downward move
-But this KCS coin showed strength and still respected the EMA23
-This moving average is a confluence of Fib 0.382 level
-That could be a good oppurtunity for the Bulls to re-enter this market
-For now, there is no major red flag of KCS, so the priority remains to the upside
-But if the Fib 0.382 is broken, that could be a potential start of deep correction
-Be cautious when trading today as the market still not stable
-Always follow your stop loss and reduce your position size if possible
-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.
⚠️Please always read the description⚠️
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 💱
``````````````````````````````````````````````
KCSUSDT UPDATESHello friends,
Welcome to our 4h KCSUSDT chart.
As we are seeing in the chart.
If the price crosses the support level 1 by moving above the testing area, then we will be able to see the price at the level above it.
But if the price breaks the strong support line below the testing area, then the price can go lower.
Thank you
And
God Bless You All!
KCSUSDT Why I think KuCoin is worth investing in more than BNBI rarely compare two coins against one another but this one is worth the effort as I believe it will help long-term investors decide where the majority of their portfolio should be invested in.
In doing so, I will apply both technical and fundamental analysis in my attempt to explain why I think that the KuCoin token (KCSUSDT) is worth investing more than the Binance Coin (BNBUSD).
** Technical Analysis **
Starting off on a technical approach, the chart above displays both coins on the 1D time-frame and a 12 month horizon since their December 2020 lows. As you see KuCoin has been outperforming BNB on all technical parameters:
- From the December 2020 lows to their April/ May 2021 highs, KCS grew by +2900% more than BNB's +2600% during that time.
- Following the May crash up to the current November highs, KCS grew by +560% again outperforming by more than twice BNB's +230% growth.
- During that rally, KCS September's low was contained on the 0.5 Fibonacci level and the 1D MA200 (orange trend-line). On the other hand, BNB proved less resilient as not only did it break below the 0.5 Fib and the 0.382 Fib, but also considerably below the 1D MA200.
- Right now KCS is well past its April highs, almost on its 1.236 Fib extension, while the BNB hasn't yet broken above its May highs.
From the analysis above it easily becomes obvious how the KuCoin has been showing much more promise throughout the year than the Binance Coin, offering long-term investors greater value. There is no reason to believe this won't continue into the future as the fundamentals of KCS remain strong and I will explain some of these factors on the Fundamental Analysis that follows.
** Fundamentals Analysis **
First of all let's start with some basics that will serve as an introduction to KuCoin for beginner traders and investors that are not very familiar with:
1. What is KCS?
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.
2. How is KCS related to KuCoin?
As the native token of KuCoin, the value of KCS is strongly correlated with 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.
Known as "People’s Exchange", KuCoin provides users with 24/7 multi-language customer services. Meanwhile, KuCoin has established about 19 local communities in North America, Europe, SEA and other regions, providing users with highly localized services.
As the home of crypto gems, KuCoin has supported over 540 projects with 960+ trading pairs. A number of promising projects like BLOK, KDA, ZKT, and MOVR had primary listing on KuCoin.
In November 2018, KuCoin announced $20 million (USD) round A funding from IDG Capital and Matrix Partners. According to CoinMarketCap, KuCoin is currently the third biggest crypto exchange. In 2021, Forbes Advisor named KuCoin as one of the Best Crypto Exchanges.
As a KCS holder, you will be able to get a daily KCS bonus which comes from 50% of KuCoin daily revenue. So as long as KuCoin grows, the daily KCS bonus will grow accordingly.
3. What is KCS Bonus?
KCS Bonus is a unique incentive mechanism for KCS holders and KuCoin ecosystem builders.
It is also regarded as one of the best ways to make passive income. Users who hold at least 6 KCS can get a daily bonus, which comes from 50% of KuCoin’s daily trading fee revenue.
The amount of rewards that users can get depends on the number of KCS holds and the trading volume of the KuCoin Exchange. With the increasing trading volume of KuCoin, the estimated APR of KCS bonus exceeds 15% lately, which makes more users willing to hold it.
4. How’s KCS related to Spotlight?
KCS holders can participate in the token sale on KuCoin Spotlight. KuCoin Spotlight is a platform that serves early-stage crypto projects and its initial token distribution. KuCoin users can participate in the early investment of their preferred projects through Spotlight, and gain profits.
According to the historical data, KuCoin has launched 14 Spotlight projects, with the highest
ROI exceeding 2763%. To name a few, LUKSO has reached a 122 times increase in token price, and PDEX price surged by 114 times.
Take LYXE as an example, now the LYXE price is $34. And the Spotlight token sale price is $0.22 USD. If you participated in LYXE's Token Sale On Spotlight at that time, your investment income would be over 100 times.
5. How’s KCS related to Burningdrop?
KCS holders can join BurningDrop. BurningDrop is a fair token distribution platform, and has supported the token distribution of a wide range of blockchain start-ups so far, including HORD, TCP, LOCG, LNCHX, XCAD, etc.
Users can access the project token by locking a designated amount of crypto assets. In addition, users can designate tokens to increase their computing power for more token distribution. So far, the average ROI of projects that were listed through BurningDrop exceeds 3814%.
6. How’s KCS related to KCC?
Another important milestone for KCS is the development of KCC, which is a decentralized public chain built by the fans of KCS and KuCoin’s fan communities. KCS is used as the only fuel and native token for KCC and can be used to pay gas fees.
KCC is a decentralized public chain with high performance. It features high throughput, low latency, low transaction cost, and satisfactory security and stability. In addition, it aims to improve the on-chain processing power and performance with the Proof of Staked Authority (PoSA) consensus mechanism by reducing the block confirmation time to within 3 seconds. It adopts KCS as the on-chain gas fee to reduce the overall transaction costs. By building up a "faster transaction confirmation speed," "higher transaction performance," and "lower transaction fees," KCC aims to provide community users with faster, more convenient, and lower-cost experiences.
The number of KCS addresses grew steadily in 2021. We’ve seen a positive impact on the growth of KCS holders after the mainnet launch of KCC in this June, the KCS address growth on the KCC public chain contributed to 45% of the overall growth this quarter.
According to KCC Discover, the TVL in KCC is close to 40 million with projects like Mojitoswap, Kuswap emerging.
7. What is KCS burn?
KCS’s tokenomics is deflationary. The KCS team is executing KCS buyback and burn regularly.
Starting from January 2021,to accelerate the process of KCS burn and adapt to the market development more efficiently, the KCS team decides to adjust the period of KCS buyback and burn from each quarter to each month.
In each period, 10% of the net profit will be applied to the buy-back of KCS. In the past three months, more than $6.68 million KCS has been burnt, and it surged almost 14x QOQ. In 2021, KuCoin has burnt over $20 million KCS, about 3x higher than the accumulated burnt value in 2019 and 2020.
8. Where has KCS been listed?
KuCoin is the biggest market for KCS with a daily average volume of 20 million. The liquidity of KCS keeps improving, as KCS has been listed on exchanges including KuCoin, MXC, Poloniex, AscendEX (formerly Bitmax) and Probit.
9. What are the other use cases of KCS?
KCS, as a payment method, also has a lot of use cases in daily life. You can go shopping on the internet, book a hotel and play games via KCS. More application scenarios include:
1) SwirlPay, a decentralized payment service, supports KCS payments.
2) PlayGame, a direct-to-play gaming platform, enables users to play games with KCS.
3) KCS can be used to make hotel reservations on Travala, the leading blockchain travel booking platform.
4) Purchase fashionable products on Print-ted with KCS.
5) KCS is able to serve various offline and online payment scenarios via Pundi X.
6) Use KCS to buy monster card packs on Splinterlands.
7) Collateralize KCS to borrow US Dollars (USD) and Vietnamese Dong (VND) on Constant.
8) CoinPayments, a borderless online payment platform, accepts payments in KCS.
9) BetProtocol added KCS as the main token used on their gaming applications.
** Conclusion **
The combined analysis above and especially the fundamentals behind it, give you only a slight idea of KCS's huge potential both on the short and long-term. If you are looking for an exchange's token to invest your capital in, or any coin in general, I strong recommend the KuCoin token against the others.
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Kucoin Price Channel Kucoin is doing very well in terms of exchange.
The trend getting towards into the channel, breakout of Upper Line trend will be going to 3 digits, Lower Line is an overall bear market on the play.
Let's hope the time will be the truth Sayer.
Plan the trade!! Trade the Plan!!
No trading advice, please trade according to the market and your strategy.
KCS 1D Has good prospects for growthToday, our attention was drawn to the token of the Kucoin cryptocurrency — KCS
First of all, KCS attracted our attention by the fact that when the crypto market in the last days went to the correction, the KCSUSDT price updates its historical high.
KCS is a working token that provides additional bonuses and privileges to Kucoin holders and users, in addition to the theoretically possible price growth. Similar to BNB from Binance, but the price is 30 times lower.
Today, let's take a look at the global chart of what the KCS token has prospects, and in the future we may write a whole series of ideas on how we like to do it with tokens and coins which we think are technically going.
So, a little history:
The previous ATH of the KCSUSD price was fixed at the end of December 2017, when the end of the altseason continued throughout the crypto market — the high of $21.30.
During 2019-2020, someone very confidently gained a position, smoothly, in the wide range of $0.70-$2 , everything is as it should be before further growth.
However, on 25 September, 2020, a "trouble" occurred — the Kucoin exchange was hacked and taken out according to various estimates from $250 to $285 million.
As you can see in the chart, from the moment of the hack and while the funds were sought and returned, the KCSUSDT price fell by another -40%.
But as people say, "what doesn't kill us makes us stronger."
The Kucoin management assures that due to close cooperation with other cryptocurrencies they managed to return 84% of what was stolen, and 16% they returned from their own reserves. That is, ordinary users, as you and I were a little scared, and convinced of the customer orientation of the exchange.
And the KCS token value has grown a lot since then and as many as +4100%, so those who believed and supported were generously rewarded.
Accordingly, what prospects do we see:
Now a small correction of the KCSUSD price in the zone of $20-$21 is possible and there is a good zone for purchase in a long-term long.
After all, the target for growth is at least x5 in the zone of $100-$110 for one KCS.
If you are interested in this token, and possible movements of its price in the future, write about it in the comments.
We will see your interest, then once a week we will publish updates on possible price movements on smaller timeframes.
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$KCS CUP AND HANDLE MEASURED MOVE BUY & HODL THIS COIN!!FOLLOW STEPS 1, 2, & 3, IT'S AS SIMPLE AS THAT!! THE MORE $KCS YOU OWN, THE MORE OF IT YOU CAN EARN!! THIS IS AS "NO BRAINER" AS THEY GET!!
1) Kucoin's house coin, $KCS on the daily has formed a massive CUP & HANDLE, which I didn't notice until now, because I never look at
its chart!! Why, because I don't need to!! I buy it when it is cheap and I just sit on an ever increasing bag of it. Crypto is
becoming mainstream and we are going to see Kucoin grow into a Binance sized operation. $BNB used to be super cheap and look
look at it now $636.46 (At time of publishing). Kucoin will be worth just as much, if not more, maybe next year, maybe 10 years
from now, I don't know, I don't care, just Buy, HODL, and collect. Passive income, this is the way!!
2) Measured move from the "rim" of the cup to the "bottom" of the cup. Draw line, move it to the "rim", presto whizz bang banjo,
Bob's your auntie, and you are about to double your money, IF you got in early... You really should have got in earlier than now!!
3) See I told you so, now you take some profit off of that bad boi or just continue the HODL...
Do whatever you want, I don't care, it's your money!!
You can buy whatever donkey you want and however much whipped cream your sorry little sad pants can handle, cause this is
America, unless you are not living in America, then this is wherever you are currently and that place is cool, too and I'm sure you
can buy any of the fine, nice donkeys that they have in that country, too, unless they have laws against that "sort of silly ole
thing", then in that case, you should probably clear your search and browser history and go somewhere where they are a little less
judgmental about what a grown adult, a donkey, & a case of perfectly good whipped cream do in the privacy of their own motel room that they rent by the hour...
KCS - Another BNB ?KCSUSDT :
#1 The first thing that caught my attention:
BNB :
Circulating Supply
166,801,148.00 BNB = 100%
Max Supply
166,801,148
Total Supply
166,801,148
KCS :
Circulating Supply
80,118,638.00 KCS = 47%
Max Supply
170,118,638
Total Supply
170,118,638
What is the difference ?
BNB = Circulating Supply = 100%
KCS = Circulating Supply = 47 %
BNB,Now Price = 650 $
KCS,Now Price = 27 $
#2
After the Binance restrictions, most users migrated to Kuccoin Exchange.
As a result, we saw an increase in the volume of this exchange.
The result was the growth of many currencies not yet listed on Binance.
And finally, will we see the main growth in the exchange currency?
#3
Technically, the price has broken its weekly Resistant.
But it is not clear that we will see a pullback.
Because if I counted the waves correctly
We are in the third wave
And the price will jump fast.
But if the price pulls back to the $ 20 area, I think we will have a very good investment position.
#4
This is a personal analysis, only.
it's not a buy signal.
But if you have any information that helps me and you
please share it.
thanks.