KCS/USD - Full steam ahead towards $21! 🚀KuCoin Token has had a great past week with price quickly moving above $14, turning it into support and now rallying towards $21.
The momentum is bullish and the overall market is also giving signs of a significant relief rally incoming.
This may be a much needed change in the price action after two months of non stop price drop.
The daily indicators are all bullish right now, but volume appears to fade a bit. As price approaches $21, the sellers will start coming back in force and likely will do their best to defend this key resistance.
Expect to see profit taking as price approaches $21, then reassess.
For now bias remains bullish.
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Kucoin
ALGO TRIANGLEMy analysis on ALGO is pretty much the same as my BTC analysis. Bearish triangle. After this triangle we'll probably fall into a five wave pattern to the downside. I'll be taking up a short position once the E wave has been confirmed. (At the bottom of the pattern) just in case I'm wrong. If this pattern plays out, I'll be able to catch it from the beginning of wave 5 and ride it down. Because when BTC breaks support there will probably be a big fear selloff.
Remember in the time of a Bear market this is when you can get rich. You can accumulate more for less. But wait till the market is chilling out. You don't want to be buying the dips that keeps on dipping. At least I don't.
BTC TRIANGLESo I'm looking at the 12hr and what I'm seeing is an incomplete triangle pattern trying to play out. If price doesn't bust out here then we looking at a bearish pattern and more likely a break to the downside. When we get into the E wave, we may see a price pump. Soon after that it will hit a resistance level and fall dramatically. ABCDE. With E ending up top of the pattern, a downside will occur.....IMO
With talk of recession etc, fundamentals point down. So I'ma say a great chance to short is nearing. We may see the massive drop, a retest, then a drop once the pattern has completed in the next few days.
BLOK broke out resistance#BLOK/USDT
$BLOK broke out from daily descending resistance, and now is on pullback to confirm the broken line and support.
🐮 there is a support zone around $0.007 which is the same with ascending support and descending trend line.
holding this zone will increase price to resistance levels and it is possible to increase to touch descending resistance that is the same with resistance zone around $0.02.
🐻 break down from support zone will invalid this scenario and price can drop to $0.002
Daily RSI In the gutters and Stoch RSI In the trenchIs this the bottom? who knows?
Some strong signals here though that come around every few months sometimes the wait is longer.
Should it go on to make a lower low on the chart, look for a hidden bullish divergence in the rsi which is signalled by a higher low in the rsi but a lower low in the price action. Strong resistance up ahead. My target to take profit is between 0.0054 and 0.009 should bitcoin go on a run.
Saying this though I like the fundamentals and may stake a moon bag just in case long term this low cap layer 1 should pull of a magical 100x gain.
$AAVE reached a 10% increase....but so whatGot word today that $AAVE was trading 10% higher than reflected of recent low.
Well DUH! THats why its called a "LOW". WHy not talk about it when it reached 2% or 7%? The problem i had with this editorial i read through was they completely failed to mention the almost 200% decrease in price. Half of which took place in just the last 10 days.
I mean if youre going to talk about a 10 percent increase in the price to wet the mouths of people in the $AAVE #Community, then at least tell them the FULL story.
So with that, Im here to tell you the full story AND give you some advice, as well as place a quick trade WHILE recording the video.
BTC Short 12 hr Adam and EveBTC Short 12 hr chart is printing an ugly Adam and Eve double bottom. This is an inverse chart, so this is a setup for a short trade. Measured move taken from the bottom of the cup. Targets are marked. The bottom is not yet in guys, but we can still make money on the way down.
LUNA BREAKOUT! ROUND 2??? We can only hope so!LUNA has been in a steady declining channel since yesterdays impressive gains. We can see here that LUNA has been on a cool down since yesterdays dash up. If you will look inside the channel you will see that nowhere until now has it made any significant break to go back up. Until now.. if it holds till the top of this channel and goes over the drawn purple descending line we should be on to round two and our end goal of One dollar. Do I think one dollar is possible? It is possible (if large burns happen of coins in circulation) is it probable ? No.. My Target is 0.01 cent . Which is still massive gains. Lets hope we break out of this descending channel now ! Everyone who is saying that this project is dead probably just lost a **** ton of money, didnt buy back in , and is hating everyone from profiting from the crash. Do not be talked out of this epic opportunity! And everyone who lost everything I am EXTREMELY sorry and my empathy goes out to you , but hopefully you can throw in what ever you have or have left and ride this wave back up and recuperate most if not all of your losses. It's never over, there is always another opportunity just around the bend and I think that this could be ours ! Cheers to financial Freedom! lets Pump this shit to a penny and then some!! ALL BUYS NO SELLS ! Lets get rich!
KCS/BTC - A FULL reversal in a few days! 🤩KCS continues to impress with almost a full reversal from the previous lows which were tested during the 12 May crash.
Support held steady and on the BTC pair, KCS remains strong and may outperform Bitcoin if it manages to escape this large channel with a key resistance at 5k satoshi.
If successful, KCS could run and make some sustained gains against Bitcoin.
For now, KCS is making a nice recovery and indicators are slowly turning bullish. If next week KCS manages to maintain this momentum, then a test of the key resistance becomes likely.
Bias is bullish in the short term, or at least until price reaches the key resistance, then we have to reassess.
Also see below the KCS/USD pair analysis which is also bullish.
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KCS/USD - KuCoin about to break above $14!In a sharp reversal, KCS is now approaching the $14 resistance point and will likely break it soon provided Monday does not start in red for the market.
The indicators went into oversold conditions over the last week and now recovery is likely with at least a relief rally.
Should KCS manage to break above $14, the price will enter into its old range between $14 and $21.
The bias is mildly bullish on this chart, but watch out for Monday's price action.
Continuation is likely before any serious rejection by bears.
Keep a close eye on this chart.
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KCS - Standing Strong!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
The picture is self-explanatory.
KCS is overall bearish trading inside the red channel and it is currently approaching a strong support (10.0)
But as usual, we don't blindly. No matter how strong a support is, it can be broken downward.
As per my trading style:
I will be looking for potential bullish reversal setups on lower timeframes (like a double bottom , trendline break , and so on...)
Meanwhile, KCS can still break the 10.0 support, in this case, our next support zone would become the 5.0 area.
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
$FX/BTC 1D (KuCoin) Descending wedge near breakoutFunction X regained 50MA support and could be forming a bull-pennant. Since it just got listed in Coinbase, bullish continuation is likely.
The f(x) ecosystem went main-net earlier this year and is fully decentralized, more information about that project from Pundi X Team on functionx.io
Current Price= 0.00001862
Buy Entry= 0.00001736 - 0.00001520
Take Profit= 0.00002499 | 0.00003318 | 0.00003954
Stop Loss= 0.00001046
Risk/Reward= 1:1.5 | 1:2.9 | 1:4
Expected Profit= +53.50% | +103.81% | +142.87%
Possible Loss= -35.75%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 2 months
KuCoin Token (KCS) - May 10hello?
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)
It's important to make sure you can get support from 14.093.
(1D chart)
It is more likely to create a new wave as it descends from the uptrend line.
So, I think it's more important to see support and resistance than posting a deal in a hurry.
It is necessary to check whether there is support in the section 13.450-14.093.
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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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KuCoin Token Analysis (KCS) in Daily Timeframe:Hello friends. According to the chart below, we see that the price is falling strongly after breaking the orange trend line (the lowest line) and pulling it back. The first support of this currency, which is considered very strong support and in a way, the most important support of this currency, is the green range ($15 range) that will most likely reach this area today or tomorrow.
If the selling pressure is high, the next support areas are the white uptrend line and then the lower green line (range $13.5) where the price went down in the previous downtrend and then demanded.
If the price supports the $15 range and moves up, the first resistance is the lower red area ($17.8 range) and then probably the orange trend line (as a pullback) and then the main resistance area which is the same red area is high ($21 range), it can prevent price increases.
(Orange lines are trend lines in the past chart and have been drawn for further training.)
(Important Note: All analyzes are for personal analysis only and are not financial advice at all.)
Be successful and profitable. 🌷
Why 23000 is magnetPrz levels can Pull the price towards itself...
1. Fib 38.2 of a long main wave
2. Two harmonic famous pattern
3.the middle of full body candel
4.Weak monthly level and shrinking bubble
And more reason for it that I can not
Paint all in chart
Careful it's just my opinion and maybe false.
(Monthly chart btc)
KCS/BTC - KuCoin holding well against Bitcoin!On the KCS/BTC chart, KuCoin is holding pretty well. For the USD pair see below my idea.
This is good since KCS is not underperforming BTC.
This range just under 5k statoshi is looking interesting as price made a higher high.
Can KCS outperform BTC? Unlikely, but not impossible.
The indicators are flat and this consolidation may continue for a while, but I'd not be surprised to see KCS breaking above 5k satoshi soon.
Bias is neutral on this chart.
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KCS/USD - Price at CRITICAL support! 🚨KCS's price is found right on the $17 support level. If broken, then price will likely quickly take a nosedive.
Volume is low and the indicators are all bearish. If the market sentiment does not change soon (which appears unlikely), then KCS's consolidation between $21 and $17 will end with a breakdown.
The next key level of support is found at $15 should that be the case.
With both the stock market and BTC taking a beating it is very hard to be bullish. Therefore, my bias is bearish at this time and prepare for the worse while hoping for the best.
Ideally KCS will be able to have a nice bounce after reaching $15.
Time will tell. Until then, stay safe!
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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