KCS/USD - Flat trend continues under $21 resistance! 🤔KCS has been stuck in a tight range for over a month now. The resistance at $21 has held price from any attempts to move higher fou times so far.
The support at $19 was broken only once during the Russian invasion of Ukraine, but then the price quickly recovered and went back into its current range.
This consolidation is welcomed because it follows after a significant downtrend that started in December 2021.
Now, the price is stuck in a grey zone from where it can go in either direction. BTC will likely lead the way and is found in a similar situation (see my BTC idea below).
The indicators on KCS remain flat as well without any strong trend. Hence, best to be patient in such moments and let the market decide before taking a position.
The bias remains neutral for KCS in the near term.
KCS will require quite a bit of volatility to break its current range. This is lacking right now, so we wait.
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KCSUSDT
KCSUSDT hit the bottom of its 10 month Channel. Buy opportunity.The KuCoin token eventually got rejected on its 1D MA100 (green trend-line) and the result (along with the general geopolitical fear in the market) was getting on Thursday to the closest it's been at the bottom of its 10 month Channel Up since January 22. Along with strong news coming from the KuCoin labs with regards to the Metaverse, this mix of technicals and fundamentals create a favorable R/R buy opportunity. But let's look into both outlooks in greater detail.
** Technical analysis **
As mentioned above, the price is now just a few price points above the Higher Lows trend-line (bottom) of the long-term Channel Up that KCS has been trading in since the May 19 2021 market bottom. The January - February price action is quite similar to that fractal from May 2021, as both made two Higher Lows on the Channel's bottom with the last Low coming after a rejection on the 1D MA100. The latest rejection was in fact a Double Top on the 1D MA100. Needless to say, a break above the 1D MA100 is a buy confirmation for those seeking less risk but long-term traders who are willing to take dip buy opportunities can't get a better buy signal than that within a structured technical pattern.
See how those two similar Accumulation Phases within the 1D MA100 and the 1D MA200 (orange trend-line), also share an identical 1D CCI pattern. The 2021 bottom made a Higher High almost immediately and eventually made a new market Top just below the 1.236 Fibonacci extension at 1.236. On the current sequence, the 1.236 Fib extension is at 33.885. That is the medium-term target for March - beginning of Q2.
** Fundamental analysis **
Perhaps even better news for KuCoin's long-term outlook come from the fundamental side.
As 2022 is now upon us, KuCoin Labs takes a closer look at what this year will bring for the industry. Will there be more excitement, or will regulators push back aggressively? Is the NFT trend coming to an end, or is this only the beginning of a global multi-year trend? Can existing bottlenecks in the cryptocurrency and blockchain space finally be addressed?
“KuCoin Labs takes its role in promoting the development of the whole crypto industry. We incubate and invest in innovative projects, guide their development to their maturity where they would bring the best of crypto. As one of the top investment institutions, KuCoin Labs team gathers professional research on a forward-looking journey, unceasingly diving deep into every aspect and detail of a vertical. KuCoin Labs aims to be an integral force in building the future of Web 3.0," said Lou Yu, head of KuCoin Labs.
The forecasts touch upon some interesting points that cannot be overlooked by anyone even remotely associated with the industry. First, KuCoin Labs acknowledges that financial institutions remain crucial to taking the blockchain and cryptocurrency to the next level.
Moreover, more companies have set up Bitcoin treasuries in 2021, even though BTC has retraced by almost 50% from the all time high. KuCoin Labs expects more institutions to be transparent about their Bitcoin purchases, although they may not necessarily acquire BTC directly.
The focus on Layer-1 and decentralised finance is likely to continue throughout 2022. There is much room for further progress, whether it be scalability for Layer-1 or more complex and rewarding DeFi protocols. Other trends to keep tabs on include:
NFTs
GameFi
DAOs
SocialFi
MetaFi
Regulation
And much more
On top of that, the exchange has been announcing great competitions all week including:
- A $500 giveway to celebrate the world premiere listing of $Ranker.
- The KuCoin via Simplex Carnival of a $10000 prize pool with only 3 days left.
- 2000 USDT Prize Pool for KuCoin Margin adding the GariToken and UOS.
and many many more which you can find about on their Twitter page!
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KCS/USD - KCS Downtrend Continues. Support @ $17 🙄 The market continued to fall, making lower lows across the board in the current structure. KCS was no different and broke below the key level at $19 which has now turned into resistance.
For this reason, the next key support is found at $17. Likely for price to continue towards that level in the near future.
If we look at the indicators, MACD is bearish on the daily timeframe and did a crossover to the negative side not long ago. This means it will take some time to find a bottom and hope for a reversal. This makes $17 likely.
Volume remains flat and the RSI and OBV are making lower lows.
Hence, bias remains bearish at the time of this post and hopefully KCS can rally again from the $17 support level.
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KCS - Detailed Video Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for KCS, feel free to request any pair/instrument or ask any questions in the comment section below.
Fundamentally KCS / Kucoin is doing great too!
As per KuCoin Labs: Integration of Metaverse and DeFi Will Be a Major Highlight in 2022
“KuCoin Labs takes its role in promoting the development of the whole crypto industry. We incubate and invest in innovative projects, guide their development to their maturity where they would bring the best of crypto. As one of the top investment institutions, KuCoin Labs team gathers professional research on a forward-looking journey, unceasingly diving deep into every aspect and detail of a vertical. KuCoin Labs aims to be an integral force in building the future of Web 3.0.”
Said Lou Yu, head of KuCoin Labs.
Best of luck!
KCS - Trend-Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
KCS is overall bullish and now approaching a strong support zone in blue (15) so we will be looking for buy setups.
on DAILY: KCS is forming an inverse head and shoulders pattern , but it is still an idea.
Trigger => Waiting for the right shoulder to form then buy after a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, KCS would be overall bearish from a medium-term perspective and can still dive inside the support zone before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS/USD - KCS Fails to Move Above $21. Another attempt inbound! KuCoin token tried to move above the key resistance at $21, but failed twice so far as indicated by the yellow arrow.
Nevertheless, despite the rejections by the bears, KCS quickly found support at $19 and may attempt another break of the key resistance in the future.
The indicators are still very much bullish on the daily timeframe. However, the MACD histogram is making lower lows and if KCS fails to break above $21 again, then the price may fall below $19.
Volume continues to remain constant and that is a positive considering this most recent drop in the overall market. Bitcoin and ETH are at a critical level which will be decisive for where the overall market is headed next.
KCS will likely follow the market leaders, therefore make sure to check my BTC/ETH ideas as well.
Looking ahead, KCS is likely to consolidate in this range between $21-$19 until the market makes a decision where it wants to go. Bias is neutral on KCS. This will change when one of the key levels break.
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KCS 1D Step-by-step long-term investment #9We continue to publish a weekly column on public investing in Kucoin token
Why we chose this particular token you can read in our previous ideas for this section using the KCSUSDT ticker search
Today the position shows +14%, but we do not fix this profit, as it is a long-term investment, and we are waiting for the continuation of growth.
We are moving the stop on the position up a little bit to $14.89 , and now it is -15.69%.
As we suggested in the previous idea, this week there was a correction in the crypto market. The price of the bitcoin went down, followed by all the alts.
But what is interesting, yesterday, when the price of BTCUSDT went down in a wave and updated the weekly minimum, the price of KCSUSD did not update the minimum, the buyers kept it on a dynamic green level.
If you look at the history of KCS trading, then after the price consolidate at this green level, it started a good growth.
The first target for the growth of $23.50 is +17% from the current price, which can already be a good result in a short period of time.
We are waiting for the second target of $34 and the third of $42.80
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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 :)
KCSUSDT Inverse Head & Shoulders with 4H MA50/200 supportingThe KuCoin Token is maintaining its bullish sentiment after the January 22 market bottom as during this week's selling, the price found Support on the 1D MA100 (green trend-line) and is currently rebounding. If this holds, it will be an early bullish signal as with the 4H MA200 (orange trend-line) holding as well last week, KCS has formed an Inverse Head and Shoulders (IH&S) pattern. If the 21.205 Resistance breaks on this buying pressure, the technical target should be the 2.0 Fibonacci extension at 23.800.
Keep an eye on the MACD for a potential Bullish Cross that will confirm this break-out as when around the same level a MACD Bullish Cross took place, the price soared to +16.60% to the 21.205 Resistance. A +16.60% from a potential new Bullish Cross, will be exactly on the 23.800 2.0 Fib extension.
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KuCoin Token (KCS) | Multiple TimeframesKucoin Token vs Tether (KCSUSDT) has an interesting chart.
We will be looking at multiple timeframes.
Let's start with the monthly...
Here we can see KCSUSDT in a strong uptrend starting January 2021. That's over a year of continued growth.
The first peak happened in April 2021 and then a new high just shy of the previous one in November/December 2021, basically the same as Bitcoin.
The trading volume has been declining ever since January 2021, this can be considered a continuation signal on this chart or a distribution phase.
KCUSDT monthly stays bullish above EMA10 or $15.8.
Below this level we will see a test of lower support around $11.11 or EMA21.
In general, the technicals are bullish but near resistance/high prices, corrections can develop at anytime.
Now the weekly timeframe to get more in-depth information:
The pattern we are seeing can break either way and is a consolidation pattern.
EMA50 is working as support on this timeframe and has been tested three times, this coincides with the rising trend-line.
You can find the potential targets and support levels on this chart.
To finish, the daily timeframe makes it clear that we are in a decision point:
KCSUSDT is trying to resume its rally but this is not confirmed until prices move and close above $23.5... Trading below this level can increase the risk of a sudden drop.
The longer KCSUSDT remains below the last high, the higher the chances that it will correct before additional growth.
I would be really cautious on this one until a clear buy setup shows up.
Thank you for reading.
This is not financial advice.
I am just reading the charts.
Namaste.
KCS - Trend-Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
KCS is overall bullish and now approaching a strong support zone in blue (15) so we will be looking for buy setups.
on DAILY: KCS is forming an inverse head and shoulders pattern , but it is still an idea.
Trigger => Waiting for the right shoulder to form then buy after a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, KCS would be overall bearish from a medium-term perspective and can still dive inside the support zone before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCSUSDT above its 1D MA50 again. Potential rally ahead.The KuCoin Token broke and closed above its 1D MA50 (blue trend-line) this week for the first time since December 23. Technically the period from December 09 2021 until February 07 2022, was the new Accumulation Phase, which since May, it has been a regular formation (May 13 - July 04 and September 10 - October 13). Basically those consolidation phases have been taking place roughly within the 1D MA50 and the 1D MA200 (orange trend-line) inside the broader pattern of a Channel Up.
Once KCSUSDT closed the first 1D candle above the 1D MA50, the price rallied to the top (Higher Highs trend-line) of the Channel Up, either very aggressively or on a more sustainable fashion. Since on February 07 the price closed a 1D candle above the 1D MA50, we can expect a new rally to start. Taken by the fact thought that it is already 5 days above the 1D MA50 and is consolidating, as well as the fact that this time the Accumulation Phase has been the longest, I estimate that the new Rally Phase won't be a fast one but rather slow and structured. A rough projection puts the new Higher High within $40.00 - $48.00 just below the 2.0 Fibonacci extension of the long-term Fibonacci Channel.
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KCS 1D Step-by-step long-term investment #8We continue to publish a weekly column on public investing in Kucoin token
Why we chose this particular token you can read in our previous ideas for this section using the KCSUSDT ticker search
Today the position shows +15%, but we do not fix this profit because it is a long-term investment.
Also, the stop on the position is still unchanged - $14.24 , because there is a possibility of price correction on the chart of BTCUSDT
It is very likely that there will also be a price correction on the KCSUSD chart.
If the correction will not be lower than $17.66 , then, firstly, it will indicate the super strength of the buyer and accordingly the prospects of a strong growth trend in the future. In that case, the take profit target will be shifted to $42.8.
Secondly, it will be a very tasty bargain for those who didn't manage to buy KCS.
If the correction goes lower than $17.66, but within the growth channel, that is - roughly speaking - higher than $15, then the fixation target for the long position will be about $34 for 1 KCS.
By the way, we drew a dynamic fibo growth channel on the chart, so that it was more clearly visible how the price moves up, taking into account the dynamic support and resistance levels.
_______________________________
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 - KCS Facing Resistance at $20! Can it push through? 🧐After breaking above $18, KCS rallied nicely all the way to $20 where it now faces some steep resistance. Momentum is building up and KCS may attempt a break in the future if the overall market allows it.
Key support: $18
Key resistance: $20, $22
KCS rallied over 10% after breaking above $18 to reach the key resistance at $20. Now, market forces are fighting at this key level before the winner will decide where the price is headed next.
If the bulls are successful, then the price will likely go to $22 where we find another key resistance as indicated on the chart. If the bears win, then KCS may fall back to the $18 support level.
Watch closely BTC and ETH as they will also influence where the market is headed next and KCS too.
Technical Indicators:
Volume: Volume has been steady, but declining somewhat. Nevertheless, all 3-day candles closed in the green in the past 20 days which is impressive. Perhaps a pullback is expected due to this.
RSI: The daily RSI is curving down after the price failed to move above $20. For this reason, do not exclude a pullback and a shallow correction in the future.
MACD: The daily MACD is bullish, but the histogram is quickly losing momentum with lower highs. Unlikely for KCS to move above $20 in this context.
Bias
The bias for KCS is neutral. KCS lost some of its momentum and we could see a pullback.
Short-Term Price Prediction for KCS
If KCS enters a correction, then the price may fall to $18 before a renewed push higher can be had. For now, watch closely the price action at $20 to get a hint of where the price is headed next.
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KCS/USD - KuCoin Token Breakout! $22 Next!After finding support on the $15 level, KuCoin Token (KCS) rallied and used the bullish momentum to break above $18. This puts KCS on a clear path towards $22.
Key support: $18
Key resistance: $22
With this latest breakout, KCS has made the $18 level support and is likely to continue higher until the key resistance at $22.
This latest breakout has put a stop to the downtrend and if KCS is successful in moving above $22, then the correction that started in December 2021 would be put to an end.
Nevertheless, breaking above $22 seems a difficult talks for KCS. Best to be patient and also monitor the overall market.
Technical Indicators:
Volume: Volume spiked last Friday during the breakout above $18 and buyers are still in total control of the price action. As KCS approaches the key resistance at $22, selling and profit taking may intensify which may lead KCS into a pullback.
RSI: The daily RSI made a higher high and is above 50 points. There is plenty of space left until the RSI reaches the overbought zone.
MACD: The daily MACD remains bullish and the histogram continues to move higher with momentum on the buyers side. If this is sustained, KCS can easily reach $22 in the nearby future.
Bias
The bias for KCS is bullish.
Short-Term Price Prediction for KCS
As long as bulls can maintain the current momentum, KCS is well positioned test the key resistance at $22. However, good to be cautious as price moves higher since bears may attempt to push back on this latest rally.
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KCS 1D Step-by-step long-term investment #7We continue to publish a weekly column on public investing in Kucoin token
Why we chose this particular token you can read in our previous ideas for this section using the KCSUSDT ticker search
A week ago we have three orders opened, and now we have a long-term position with notional $900 with an average entry price of $17.66. At that time, the position was still loss-making, and we did not place a stop due to high volatility in the market.
Today the position shows +5%, and we can already put a logical stop on the position.
As can be seen on the chart, we have a trade with the following conditions:
Entry = $17.66.
Stop = $14.24
Take Profit 1 = $36
Profit/loss ratio = 5/1
On the one hand, you can say that the stop is large, perhaps, but the ratio of potential profit to loss is acceptable for a long-term investment, and we do not want to lose a position at a nice price.
In the same way we will manage the position in the course of price growth: rearrange the stop, fix profit on the part of the position, etc. If this is interesting for you, in order not to miss the update, subscribe to us, give us your likes and comments, and then tradingview will be the first to inform you about changes.
_______________________________
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 :)
WAVES Looks Like It May Have LegsLooking bullish. Much like BCH the bulls are stealthily in control.
KCS all 3 possible moves hello everybody
these are 3 possible moves
green : squeezing price below the trendline and breaking it. ( personally, I will wait for 18 $ resistance to break ) ( don't forget to wait for retest).
yellow : relow at 15 $ support line then break the trendline. ( I will buy after retesting the trend )
red : losing the 15 $ support and retesting it.
......
this is another trade for now and a little risky.
the first target is touching the trend
sec target losing the trend and it is 15 $
not financial advice.
goodluck
KCS/USD - KuCoin Token Rallies 20% After Finding Support at $15!After a significant market drawdown, KuCoin Token has finally found a good level of support that can propel the price back on the uptrend.
Key support: $15
Key resistance: $18
After a significant drop in early January, KCS has found good support at $15. So far this key support held strong and allowed the price to recover some of the losses with a nice 20% price increase in the past week.
This puts KCS back on the uptrend. The first real challenge for buyers will be the $18 key resistance level that will be difficult to crack, particularly if the overall market remains bearish.
Technical Indicators:
Volume: After a spike in volume during the most recent sell-off, the price entered into an uptrend, albeit on a lower volume profile. So far the bulls managed to have the upper hand, but this will be tested once the price arrives at resistance.
RSI: The daily RSI fell into the oversold area during the crash last Saturday. Since then, the RSI rallied and is found at 36 points.
MACD: The daily MACD remains bearish, but the histogram and moving averages are quickly curving back up. If buyers can sustain this momentum, they have a good chance to flip MACD back on the positive side.
Bias
The bias for KCS is mildly bullish. However, it is important to be cautious, particularly as the price approaches the key resistance at $18.
Short-Term Price Prediction for KCS
If the current bullish momentum is maintained, then KCS has a good chance to test the key resistance at $18. It is too early to tell if buyers will be able to move higher than that. I will revisit the chart once that happens.
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KCS 1D Step-by-step long-term investment #6We continue to publish a weekly column on public investing in Kucoin token
Why we chose this particular token you can read in our previous ideas for this section using the KCSUSDT ticker search
1-2 weeks ago we were placing 3 buckets orders to buy long.
On the recent crypto market fall, we got all buy orders filled.
Now we have position with notional 900$ with average entry price $17.66 Logical stop below $15, however we do not place it yet, because the market is very volatile now, it is a pity to lose a long term position gained at a delicious price.
As soon as the market shows a clear trend, we will place a stop and either update this idea, or we will write about it in a new idea.
So, in order not to miss an update, subscribe to us, like and comment, and then you will be the first to be notified about the changes by tradingview.
Today we will look at the KCSUSD pair on the 3D time frame. This is the third 3D candle in a row trading above the strong mirror level of $15 . It looks like that level was tested from above and now the buyers are fixing the KCS price above it.
So far, everything is done in order for the growth to start in the near future.
The first growth target is around $36 , which is x2 from our buying point, and it might be just the middle of the big growth channel.
The global target for growth unchanged is $100-110. We would like to bring this column to the target and fix the profit with you.
_______________________________
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 - Let's Go!Hello everyone, if you like the idea, do not forget to support with a like and follow.
KCS is overall bullish trading inside the brown channel.
KCS is now approaching the lower brown trendline and 15.0 horizontal support in green, so we will be looking for buy setups.
Before buy, we want the bulls to take over by breaking above the previous major high.
on DAILY: KCS is forming a trendline in blue but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated , KCS would be overall bearish from a medium-term perspective and can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich