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KCSUDT pulling to 1D MA50 amid Interactive NFT Platform Launch!The KuCoin token ( KCSUSDT ) has pulled-back from its recent highs, along with the majority of the market, and is about to make the critical 1D MA50 test. However, the company has released some exciting news on the launch of the Interactive NFT Platform and as the price is about to hit a major Support cluster, those news may be the ideal safety net. But as always, let's break it down to the Technical and Fundamental part of the analysis in more detail. ** Technical Analysis ** As mentioned above, the price didn't stay for long above the 21.300 (former) 3 month Resistance and got rejected. This may be nothing but a common Bull Flag during uptrends but in order to be confirmed, the 1D MA50 (blue trend-line) and the Higher Lows trend-line since the January 22 bottom, have to hold. As you see on the chart, the two are exactly on top of the other. The 1D MA200 (orange trend-line) is right below and has been sustaining the uptrend since late January. The lower Support levels to consider, if this MA/ Higher Lows Zone fails to hold, are 17.550, 16.000 and finally the 13.470 market bottom of January. With the 1W MA50 being at 15.200, I can't see the price going below the 16.000 Support (2). The reason is that since March 27, KCS broke above the former Channel Down of the November 2021 High, hence entering a new bullish phase. Breaking below the 1W MA50, even if the 13.470 Support (3) holds, endangers the chances of a new long-term rally. At the same time, the 1D MACD indicator is about to make a Bearish Cross, which since February was just a signal of a pull-back towards the Higher Lows trend-line (i.e. where we are at now). The RSI offers a clear Buy Zone above 42.00. So as long as the upper Support level holds, the immediate target is the 23.600 - 22.920 Zone, formed by the December 24 & 27 Highs and the 0.618 Fibonacci Retracement level respective. A 1D candle close above translates to a strong rally towards the 28.760 High. ** Fundamental Analysis ** This week the news couldn't be more exciting. After years of accumulation and developments dedicated to providing an exceptional trading experience for cryptocurrency traders and NFT assets investors, KuCoin introduces a new interactive NFT launching platform designed for crypto games and traditional games - KuCoin IGO (Initial Gaming Offering). What is KuCoin IGO? KuCoin IGO provides a seamless centralized experience for users to purchase, invest and manage their unique NFTs. Like cryptocurrency trading, IGO allows users to directly purchase NFTs and withdraw to their external address with minimum delay, and there is no gas fee for NFTs purchase and NFTs withdrawal. KuCoin IGO provides three different approaches to launch your In-Game items via flat rate sales, auctions, or mystery boxes. IGOs can be conducted over several rounds, offering a different number of assets each round with a tiered price structure. When is First KuCoin IGO? The first KuCoin IGO project will be launched on April 8th, 2022. Users can get access to the first IGO project - Pikaster, a card-battle Play-to-Earn game featuring Pikaster (NFT), which creatively designs diverse innovative gameplays, such as Guild Battle, World Trees, Boss Challenge, and Expedition. As you realize, there is only one day left and the hype couldn't be stronger! As of April 2022, KuCoin has supported spot trading for more than 45 GameFi projects; clear proof that their vision about blockchain gaming is clear, with an unstoppable effort to serve the best-centralized experience for the next era of gaming. ** Conclusion ** Those should be enough reasons for you to buy the dip on those Support levels, as this token is continuously supported by one of the strongest fundamental bases in the market. As long as the momentum remains to the upside, don't get left outside of the upcoming long-term rally. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
2
KCS - Trend-Following Buy Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. KCS broke our gray resistance zone and is now diving back below it. As per my trading plan, here are the two possible scenarios I am looking for: 1- Bullish Continuation: In this case, we need the bulls to break the orange flag pattern upward and above the gray area for another bullish impulse movement to start. 2- Deep Correction: Until the bulls take over as per scenario 1, the bears can still push lower to the 15.0 - 16.0 support zone where we will be looking for new buy setups to form. 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
Long
by TheSignalyst
14
KCS/USD - The battle for $21 dominance continues! 😱KCS price has not managed so far to move away from $21 and turn it into support. Bulls and bears continue to battle at this key level. It's been over a week since KCS has hit $21 and there is no winner yet. Moreover, the indicators on MACD and RSI are starting to curve down. Can bulls save this? Volume is also declining after the last pump. This could go either way in my opinion. Bias is neutral over here. I really want to see KCS make $21 support and rally after. Otherwise bears may push KCS lower before another attempt. Stay vigilant and do not ape in (see APE idea below) at this price level. Like and follow if you liked my idea!
by DU09
1
KCSUDT Short-term outlookThe KuCoin token (KCSUSDT) is trading within a Triangle pattern since the March 29 High. We are close to the breaking of this pattern and there are clear Resistance and Support levels to consider upon break-out in either direction. * A break above would stabilize the price above the 21.300 3-month (former) Resistance and should be enough to push it towards the 23.600 Resistance made of the December 24 & 27 2021 Highs. * A break below the Triangle will still face the Support by the 4H MA50 (blue trend-line) and only with a candle close below it can we see enough sell accumulation to test the next Supports in line. Those are the Higher Lows trend-line (of the January 22 low), which happens to be exactly where the 4H MA200 (orange trend-line) is. So that is a double Support level. * A break below the 4H MA200 could put to test the 17.545 1 month Support, which is the least likely scenario right now as the High Volatility Zone is a strong Support cluster and already gave its credentials as the strongest Accumulation Zone recently. Perhaps they high probability trade if the 4H MA50 breaks while the 4H MA200 holds, would be sideways trading within the Higher Lows trend-line and the 21.300 Resistance for as long as it lasts. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
1
KCS 1D Step-by-step long-term investment #10The war in our country has made adjustments to the desire and ability to publish a weekly column on public investing in Kucoin token However, we will try to please you more often with our analyses in the future. 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 +19%, 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 all position up to $18,09, and now it is break-even stop +2,5%. KCSUSD price is consolidating and moving in the growth channel, so we believe that good growth is still ahead. The first growth target is $23.50, the second is $28.00 and it is quite realistic to take these targets on the next week. The third target we expect is $42.80. Everyone decides for himself what kind of profit is enough for him) _______________________________ 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 :)
by P_S_trade
16
KCS/USD - Breakout attempt in progress! Can it make it? 🚨KCS has rallied HARD. But the resistance at $21 continues to put up a good fight. For a second there KCS appeared to have broken the resistance and run, but bears quickly came over to push price below it. The volume on this last attempt looks solid and shows bulls are really eager. The new whitepaper from KCS as well as KCS turning into a major ecosystem are all bullish signals! The indicators support this bias and as you can see on this chart, the MACD is bullish and barely just crossed to the positive. This means there is a lot of room left to go HIGEHR. But before we can celebrate, that resistance at $21 has to fall, without that happening, it is too early to call it. Should the market turn bearish around here, than KCS has great support around $17 which is quite some distance away. My bias remains bullish on KCS right now and another attempt to break the key resistance seems inevitable. Like and follow if you liked this idea!
Long
by DU09
1
KCS - Targeting 30.0Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per my last KCS analysis, we were waiting for a momentum candle close above the Daily and H4 inverse head and shoulders neckline to buy. Now since we have our trigger (candle close above the neckline) => the textbook target for the head and shoulders pattern, is the purple projection, which is the same distance from the head to the neckline. Which happens to be the round number 30.0 and a resistance area. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
6
Swing Trade - Use the volatility to your advantageThe cryptomarket is historically volatile and by using this volatility to our advantage in trading are we able to make big gains. Entry Price: 0.291 Price 1: 0.388 Price 2: 0.487 Price 3: 0.625 The price is expected to drop further and reach the price level of 0.256, at this level is the price expected to bounce following the low of the KC. This prediction is made through studying the price movement in the past which has given us higher high which combined with the RSI having speed downwards and the volatility given in the chart would this price bounce be likely to happen. No Financial advice. Education purpose.
Long
by vf_investment
1
38 $ KCShello ! lets keep it simple . volume increased which is bullish the chart looks good as well so we got 2 path for next few days Green path : holding 21 support level which was first resistance before breaking it. Red path : losing 21 and start to accumulate below 21 level or at the worst case , testing 17 - 18 $. the only bearish sign is RSI right now ! for reaching to 35 - 38 $ , we need to break 23 level resistance first and next major resistance is around 28 $. breaking 28 $ = moon ..... not financial advice ! stay safe and healthy ..... let me know what do you think and share your ideas and charts thank you.
Long
by coocoolikoo
KCSUSDT broke the 3 month Resistance on new White Paper release!Huge news for the KuCoin token (KCSUSDT) yesterday as the KCS Management Foundation, KCC community, and KuCoin have jointly released the KCS Whitepaper! The 1D green candle following this release was the strongest since November 25 2021. This appears to be the right catalyst at the right time to kick-start KuCoin's new long-term rally. But let's break those news down to the technical and fundamental parts in more detail. ** Technical Analysis ** As mentioned above, the key development of this week is the fact that the token broke above a trend-line that has been holding since January 06 and until yesterday it counted 4 clear rejections. With this candle spike, the price also broke above the Lower Highs trend-line that has been holding since December 04 2020. If the 1D candle closes above the 21.300 level, then buyers can go on and target the natural barrier of the 23.600 Resistance and the 0.618 Fibonacci Retracement level. A break above that Resistance, most likely sets in motion the final run towards the 28.765 High of November. On the other hand, any rejection on the Resistances, should cause a pull-back and test of the Higher Lows trend-line, which started on the January 22 bottom. Note that the MACD is on a Bullish Cross. ** Fundamental Analysis ** The highlight of the week from that perspective can't be anything other than the new Whitepaper and that is already illustrated on the price. A little background first, known as the “People’s Exchange”, KuCoin is a Top 5 Crypto Trading platform with over 600 coins and 10+ million users. KCC is a public chain project initiated and built by the developer community of KCS and KuCoin that aims to solve the network latency and high gas fee of Ethereum. KCS is the native token of KuCoin Exchange and KCC. ● With the vision of “from geeks to mass adoption”, KCS is building a blockchain-based value sell-circulation ecosystem. ● KCS will redistribute the 90 million KCS locked at the time of issuance, from which 20 million KCS will be directly burned. ● KCS will connect the world of both centralization and decentralization and will build a Web 3.0 ecosystem. ● KCS Management Foundation is established to empower the KCC ecosystem. Those above are just the key bulletpoints of the KCS Whitepaper. You can find the full report on their website and twitter page. The great news don't stop there. To celebrate the release of the whitepaper, the exchange is launching the KCS Super Week! Read the Whitepaper and answer the questions to earn a lottery ticket and try your luck to win a share of 21,000 KCS, up to 5,000 KCS for each user! There is also a 50,000 USDT Giveaway on KuCoinFutures! Don't miss out! -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
1