KCS - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is still struggling around support and round number 10.0 and since the price is above it, we will be looking for buy setups.
For the bulls to take over, we need a break above the gray neckline. In this case, a movement till 15.0 would be expected.
Meanwhile, if the bears manage to push below 9.0, then we will be expecting further movement downward.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Kucoin
KCS| KuCoin | The Bulls Have The Price Under ControlKCS| KuCoin | The Bulls Have The Price Under Control
During the previous analysis, the price broke out from the
wedge pattern and it didn't invalidate it.
That was a strong signal that the price would have increased more during the coming days and
as we can see from the previous analysis the first target was reached.
Now I am expecting any price correction between 9.5-9.9 before
the price move up again.
Targets on the chart!
Thank you and Good Luck!
Previous Analysis!
KCSUSDT Consolidating for now. Opportunities trading break-outsThe KuCoin token (KCSUSDT) has been consolidating around both the 4H MA50 (blue trend-line) and the 4H MA100 (green trend-line) for the past week while being on Higher Highs and Higher Lows since the August 29 Low. We view this as a consolidation phase for the next big move not necessarily an emerging bullish set-up as the trend has been bearish medium-term since the August 10 High. It is however the first time since that top, that the short-term price action looks more promising.
Regardless of that, there is a Lower Highs trend-line to respect and until the previous Lower High (9.820) breaks, we should expect further downside it the current Support (8.900) breaks. In that case, wait for the price to enter the bottom of the RSI Support Zone, before buying again. As you see this Zone has been extremely consistent at identifying buy entries since June 18.
On the other hand, the buy break-out signal will be when the price breaks above the 4H MA200 - 1D MA50 Resistance cluster (orange and red trend-lines) respectively, which is currently exactly where the previous Lower High of August 25 is (8.900). In that case, the medium-term trend should switch back to bullish and we can target first 10.500 and then the 11.000 High.
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KCS | KuCoin Token | Will The Price Rise Again?KCS | KuCoin Token | Will The Price Rise Again?
Yesterday we all saw a strong sell-off on Bitcoin and a crash in all the crypto markets!
As we know all the Crypto market is correlated to the BTC movement,s.
However In our trading scenario after the price broke out of the wedge pattern
it made a pullback yesterday by moving down by 5%.
From the technical ,perspective the pattern is still intact and the correction looks normal.
The chances are very high that the price will increase again during the coming week.
We should also note that BTC is close to a strong support zone and should grows further.
Thank you and Good Luck!
KCS - Long-Term and Short-Term Scenarios!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is still struggling around support and round number 9.0 - 10.0 support, so we will be looking for buy setups.
From a long-term perspective: (Left Chart)
KCS formed a valid inverse head and shoulders pattern, but it is still not ready to go yet.
For the bulls to take over, we need a break above the gray neckline. In this case, a movement till 15.0 would be expected.
From a short-term perspective: (Right Chart)
For the bulls to take over, we need a break above the blue zone.
Meanwhile, we are bearish and if the bears manage to push below 9.0 and previous low, then we will be expecting further movement downward.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCSUSDT Moment of truth for the KuCoin Token.The KuCoin Token (KCSUSDT) just made a Bearish Cross with the MA50 (blue trend-line) crossing below the MA100 (green trend-line) on the 12H time-frame). This is coming less than a month after the opposite pattern, the Bullish Cross on August 05.
The last time we saw this exact sequence of technical events was between April 05 and May 03. As you see, even the LMACD sequences are similar. After the price failed to break the MA100 it fell to the final consolidation belt where the Bearish Cross was formed and that initiated a massive sell-off. So far this is exactly what has been happening, with KCS being rejected on the MA100 and now consolidating as the Bearish Cross was formed.
Technically a break below this week's low can trigger another sell-off. On the other hand, a break above the MA100, invalidates the bearish bias of that past fractal. Indeed a moment of truth for the KuCoin token, a project that we believe a lot and stand behind it as a solid long-term investment.
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KCS| KuCoin Token Falling Wedge Pattern | Wait For BreakOutKCS| KuCoin Token Falling Wedge Pattern | Wait For BreakOut
At the mid of August KCS token tested a very strong resistance zone near $11
After that price completed a "Rising Wedge" pattern that pushed the price lower again.
Actually, The price is create the opposite scenario to increase the price again.
This time we can see a very nice "Falling Wedge" pattern or a bullish pattern.
When the price will bounce above the pattern will increase the chances
for the next bullish movement.
Thank you and Good Luck!
KCSUSDT Important Lower Highs trend-line for the short-term.The KuCoin token (KCSUSDT) got rejected heavily on Friday as it failed to break above the 1D MA50 (red trend-line). As a result it failed to sustainably recover the 4H MA50 (blue trend-line) and dropped to a new Lower Highs trend-line.
That live has provided the previous (short-term) rebound on August 19. The common characteristic is that when the price rebounded on the trend-line, the 4H RSI bounced also on its Support Zone that goes back to June 19. As you see, whether KCS has been on an uptrend (Higher Lows) or (now) a downtrend (Lower Highs), it was provided always a price jump.
When it was on an uptrend, the price always hit the 4H MA100 (green trend-line) as part of a Support Zone, so we expect that it will do the same, this time as part of a broader Resistance Zone. As a result, if the price rebounds, we will be targeting the 4H MA100 on the short-term.
A break above the 4H MA200 (orange trend-line) should be enough to restore the medium-term bullish trend. A closing below the Lower Highs trend-line, should start a quick drop back to the 8.040 Support.
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KCS - Two Possible Scenarios!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is still struggling around support and round number 10.0 and since the price is above it, we will be looking for buy setups.
KCS is formed a valid inverse head and shoulders pattern, but it is still not ready to go yet.
For the bulls to take over, we need a break above the gray neckline. In this case, a movement till 15.0 would be expected.
Meanwhile, we are bearish and if the bears manage to push below 9.0, then we will be expecting further movement downward.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ROAR can ROAR 😈#ROAR/USDT
$ROAR broke out descending trend line and now is above middle line of short-term ascending channel.
🐮 upper line of this channel is the same with resistance zone, that if success to break it out price can pump toward upper resistance levels.
🐻 breaking down from decsending trend line will invalid this analysis.
KuCoin | A Short Term Trading PerspectiveKuCoin | A Short Term Trading Perspective
Price is developing higher highs and higher lows as we can see from the chart.
On the other hand, considering also that BTC is accumulating bullish volume
we can take that as reverence combined with the out bullish pattern.
Price is getting ready to move above 9.75
Once the price will be above that zone it should increase more up to the other
short term targets.
Thank you and Good Luck!
KuCoin | Bullish AB=CD Pattern | Still ValidKuCoin | Bullish AB=CD Pattern
During this period of time, we are looking at the market to increase the bullish volume
and to increase where it was on April 22.
However, we must be patient and realize that a strong bearish wave will not change the direction of prices so easily.
The price needs to spend some time in correction before the market crowd realizes it
that the old trend was near its end.
The correction that is happening now is all in line with the bigger picture despite the fact if
we like it or not.
On the other hand, we can see that the price is close to the completion of a bullish
harmonic pattern.
This combination can increase the chances that we can see the token increase in value very soon.
The fear and panic in the market are creating this release of liquidity.
Once it will be more stable the price will begin to increase again.
We need to look at any price reaction and after that, we can buy.
Thank you and Good Luck!
Previous Analysis:
KCSUSDT 1D Global view of possible KCS priceThe cryptocurrency market is currently at a crossroads.
Many players expect a sharp collapse, or even an update of the June 2022 lows
We are more cautious in such critical predictions
In our opinion, an increase in the KCSUSDT price to $11.24 in the near future is more than real.
And then a critical moment will come.
+ The blue scenario could trigger a super accelerated growth to $16.40
+ The red scenario will lead the KCS price to correction at near $9 with possible further growth to $14
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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 :)
KCS/USD - Uptrend Lost. Support at $10 and $9. 😲As expected KuCoin Token has lost the uptrend after some clear bearish signals earlier this week. See below the past idea.
Now the price is expected to test the support at $10. If that can't hold sellers, then the next key level is at $9.3. The resistance remains at $11.
The daily indicators are quickly turning bearish and MACD is about to do a bearish cross at this rate. The RSI remains above 50 points for now, but OBV is falling below the key moving averages which is another bearish signal.
It's unlikely the market will bounce here and a more substantial correction could develop after the rally in July/Aug.
Best to hold some cash for some juicy discounts later on on KCS.
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KCSUDT going for the 1D MA100 test, 1st time since April!The KuCoin token (KCSUSDT) continues to trade within a very steady Channel Up pattern since the July 03 low, having turned the 1D MA50 (blue trend-line) into a Support for the past 13 days. This is the longest since the end of the Bull Cycle in 2021.
The next Resistance is the 1D MA100 (green trend-line), which could make contact with the price just above the 0.618 Fibonacci retracement level of the long-term Bearish Channel that KCSUSDT has been trading in since the December 01 2021 All Time High (ATH). The 1D MA100 has been unbroken since April 29 and as you see on the chart, it has had 4 clear rejections within 2022 already. As a result a closing above it will be a major bullish continuation signal, targeting the 1D MA200 (orange trend-line).
This is quite likely to happen on the long-term, considering that the MACD on the 1W time-frame is about to make a Bullish Cross for the first time since October 22 2021. On the short-term however the 1D RSI has been rejected inside an 8 month symmetrical Resistance Zone so it is more likely to see a test of the 1D MA50 as a Support, before the 1D MA100 breaks.
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KCS - Wait For The Trigger!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on Weekly: Left Chart
KCS is still struggling around support and round number 10.0 and since the price is above it, we will be looking for buy setups.
on Daily: Right Chart
KCS is formed a valid inverse head and shoulders pattern, but it is still not ready to go yet.
For the bulls to take over, we need a break above the gray neckline. In this case, a movement till 15.0 would be expected.
Meanwhile, the bears can still kick in and push KCS lower below 10.0
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS/USD - At Critical Support, Can it HOLD?! 😲KuCoin Token attempted to move above $11, but failed to break this level.
For this reason, the uptrend appears in danger now which has lasted since July.
If buyers don't step up soon, then the price could fall to the key support at $9. The momentum is also fading as shown by the indicators.
MACD + RSI is showing a bearish divergence. Volume is not great, but maybe Monday will bring some buyers.
I suggest caution and this is not the place to take a position rather, let the market decide for you and then RE-act.
Bias is neutral, but a breakdown would turn it bearish in the short term at least.
Like and follow if you liked this idea.
KCSUSDT 12h Short-term long trade with tasty P/L ratioSince the publication of the idea of KCSUSDT last week, the KCS price has fallen a little short of its target.
However, we see an accumulation of forces above the $10.4 level for possible continuation of growth.
And taking into account the fact that we are also waiting for a price increase in the BTCUSDT pair
You can try a short-term long trade under the following conditions:
Entrance $10.56
Stop $10.294 (-2.5%)
Take profit $11.90 (+12.7%)
P/L ratio 5/1
_______________________________
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 :)