KCS - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
WEEKLY: Left Chart
KCS is approaching a strong support zone and round number 10.0 so we will be looking for buy setups on lower timeframes.
H1: Right Chart
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 can still trade lower and break the 10.0 support. In this case a movement till the 5.0 support would be expected.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Kucoin
KCS/BTC - Surprisingly, KuCoin is flat vs BTC! 💪KuCoin's price has been surprisingly flat versus Bitcoin during this massive crash. More so, overall it outperformed Bitcoin during the bear market, this is quite surprising and a sign of strength.
Right now, the price is found in a flat trend vs Bitcoin without any significant change.
Price is stuck between the 5k satoshi support and 5.8k resistance.
A break from this range is needed for KCS to pick a direction. But a flat trend in a bear market is more than enough to keep holders satisfied.
The situation vs USD is slightly different, see below.
As such, keep a close eye on KCS's price vs USD. If it falls under $10, things may get spicy.
Bias on this chart is neutral.
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KCS/USD - KuCoin returns to $10. At Critical Support! 😱KCS had a nice rally in late May, but this quickly reversed in June with the price now back on the key support at $10.
The whole market crashed and ETH fell under its old all-time high. If Bitcoin crashes under $20k, then most altcoins will likely make lower lows.
What does this mean for KCS?
Probably a price under $10.
Bulls have to do their best to keep the price above this key level as otherwise the next support is found at $9 which would put KCS into single digits.
The indicators on higher timeframes remain bearish, while the shorter timeframes like 4-hours are bullish. This suggests a short relief will be followed by more pain.
A break below the support at $10 will settle any doubts. Bias is bearish for now.
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KCS - Strong Zones!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is approaching a a strong support zone and round number 10.0 so we will be looking for buy setups on lower timeframes.
As per my trading style:
As KCS approaches the 10.0 zone, I will be looking for reversal setups (like a double bottom pattern, trendline break, and so on...)
Unless the 10.0 support is broken, then a movement till the 5.0 support where we will be looking for buy setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCSUSDT near the 2 year Support trend-lineThe KuCoin token (KCSUSDT) has followed the overall crypto market to the downside this past week, with the 1D RSI marginally breaking below the oversold 30.00 level. However, there is no cause for concern that the long-term bullish trend is reversing, as the Higher Lows trend-line that has been supporting the price since the February 28 2021 Low and held on another five Higher Lows, hasn't yet been reached.
In fact, the price, on RSI and candle terms, seems to be following the bottom sequence of May 19 - 2021 - June 22 2021. Technically, the next time the 1D MA50 (blue trend-line) breaks, we should return to the bullish trend within this Fibonacci Channel.
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KCSUSDT 1D Long-term investment #1At the beginning of the year, we have published a serial of ideas introduced an investment trade into token Kucoin KCS, with a weekly updating of our opinions about the KCSUSDT price movement, and how we manage the position
The result is the break-even stop for +2.5% that we received when the whole cryptomarket began to fall.
More detail what we have chosen this token for medium(long)-term investment and the last update of the idea below:
Further, we only do shot short trades, because the market went into the stage of correctional fall.
And the other day, we have released a global idea on BTCUSDT, which noted that in our opinion, the price is now in a critical zone from where a not bad grew could be organized. More in more detail in the idea below:
Therefore, we will try to restore the investment section in the KCS, and every week we will update the information how we manage the position.
Considering that we expect growth in BTCUSD pair is a big chance that the rest of the cryptocurrencies will be tightened up by the main trade couple.
The price of KCSUSDT has bounced very well after May fall and now, after a weak correction (which may indicate the power of buyers) tries to fix above the mirror level of $15.00
Therefore, given the above facts, we offer the following input data for a long -term position:
Entrance in the range of $15.25-15.75
Stop below $10.99
Take Profit in the area of $41.50
Profit/loss ratio 6/1
We expect that the summer can give a not bad wave of growth, of course, if there are no force Major.
So, if you are interested in this section: Put a like, write a comment and subscribe to us , and we will update the information every week how we manage this position and what we see new ones on the KCSUSDT chart.
KCSUSDT broke below its Channel. Levels to consider.The KuCoin token (KCSUSDT) broke today below the Channel Up pattern it has been trading in since the 2nd half of May. The obvious Support to look for now is the 4H MA200 (orange trend-line), with the next ones (14.930, 14.130 and 13.520), being the Higher Lows during the uptrend after the May 12 low. Every one of those Support levels can provide a rebound, so buying there with the SL just below them, constitutes a sound trade from a Risk/ Reward ratio perspective.
On the other hand a daily closing below 13.520, technically restores the long-term bearish trend. If you are looking for a confirmed buy, perhaps it would be best to wait for the 4H RSI to break above its upper Bollinger.
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$eRSDL - William's_R_ovrsld_long_1hr - Price seems to have cooled enough from the weekend pump to start adding more. NA markets open for the week in an hour. FA remains strong. William's %R is oversold. Potential bounce here if volume picks up. Set alerts, DCA.
Call/limit order filled: 0.01245
tp_01: 0.01562
tp_02: 0.01870
stop: 0.01091
Never margin trade. Go well
(-(-(-(-_-)-)-)-)
KCS - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for KCS.
Which scenario do you think is more likely to happen? 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/BTC - Resistance hit, time for some cooldown. 🤔KCS on the Bitcoin pair has hit the key resistance at 5.8k satoshi.
Now, the price is reversing and if we are to look at the USD pair (see idea below) it seems the bullish momentum may have to take a pause.
For this reason, a retest of the 5k satoshi support line may be in order before KCS can hope to break the key resistance here.
The indicators on the daily timeframe are also curving back down and may signal a local top.
Bias is short on this price action, best to be on guard here and keep a close eye on the support.
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KCS/USD - Momentum Stalling, Here's the Critical Support 😲 KuCoin token had a good rally, actually, a great one considering other coins barely bounce (hint hint at Bitcoin).
KCS almost doubled in price compared to its local bottom here, so not bad at all.
However, the momentum seems to be shifting against KCS and its price may roll over and fall lower to the key support at $14.
If the selloff will not be too aggressive I can totally see KCS hold well there before attempting to recovery again and rally.
For now, the daily MACD is curving down and may turn bearish, so it will take some time for this to play out. Volume is also terribly low.
Bias is turning bearish on this price action, but wait for Monday to get more confidence in the price action.
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KCS - Trend-Following Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS rejected our green support and traded higher, so we are currently trading inside this orange channel.
As per my trading plan, I will be looking for trend-following buy setups on lower timeframes if price retests the lower orange trendline acting as a non-horizontal support.
and we will be expecting the bears to take over for a correction after retesting the upper orange/red trendlines.
Which scenario do you think is more likely to happen? Which floor is more likely to hold?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCSUSDT testing the 1D MA100, close to a major break-outThe KuCoin token (KCSUSDT) has broken since our last analysis above the 1D MA50 (blue trend-line) for the first time since April 26 2022. On top of that, the 1W MA50 (red trend-line) is now supporting. At the moment it is going for a re-test of the 1D MA100 (green trend-line) where it failed yesterday.
Perhaps the most important barrier, above which the long-term trend switches back to bullish, is the 1D MA200 (orange trend-line), which right now happens to be exactly on the Lower Highs trend-line that started after the December 01 2021 market Top.
Naturally if we get a weekly candle close above the 1D MA200, we should expect a medium-term rally towards the 28.845 Resistance (Dec 01 2021 High). If not, the Lower Highs can very well reject the price back towards the 14.500 level.
Even though the current Channel Up resembles the one that also tested the 1D MA100 back in early February, this time the price has broken above the critical 0.618 Fibonacci retracement level, making a full gap fill more probable. Also keep an eye on the 1W RSI. If it crosses above its MA (yellow line) then that also favors the bullish case on the long-term.
Overall we believe that KCSUSDT is an excellent investment on the long-term with a 10x profit potential in this Cycle.
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KCS/USD - Retest of $21 imminent! 🚀KuCoin Token is on a clear bullish path and about to recover most of its recent losses during the May crash.
At this rate, the bullish momentum should take KCS to the $21 key resistance level.
More so, the indicators are turning quite bullish on higher timeframes.
In this 3-day timeframe, the MACD just did a bullish crossover, this is very significant. So did OBV.
Could this build enough momentum to break above $21? Possibly, particularly because KCS already broke the resistance on the BTC pair (price went above 5k satoshi).
Bias is bullish on this price action and I would re-assess at $21.
Keep a close eye on this!
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KuCoin Token (KCS) - May 26hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(KCSUSDT 1W Chart)
Below the 6.859-7.562 section: There is a possibility of entering the mid- to long-term investment area.
Above 10.230: Expected to create a new wave
(1D chart)
If it finds support above 15.880, I expect it to turn into an uptrend in the short and medium term.
However, due to the volatility of BTC, there is a possibility of temporarily touching the 13.450-14.093 section, so careful trading is required.
(buy)
- 1st buy: After confirming support at 15.880
- 2nd purchase: After confirming support near the 13.450-14.093 section
(Stop Loss)
- When it falls below 12.511
(Sell)
- When receiving resistance near 19.007
- When receiving resistance in the section 21.376-22.189
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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