Kucoin
KCS/USD - Downtrend continues as KCS searches for support! 🧐As indicated in my last idea, Kucoin Token (KCS) made a bearish cross on the 3-day MACD, signaling that price is found in a downtrend. This was confirmed this week when KCS failed to rally higher and was pushed back down.
Key support: $20, $16
Key resistance: $23, $28 (ATH)
Unfortunately for bulls, KCS was unable to rally and has fallen to the $20 support level. If that will not hold the current downtrend, then the next support is found at $16. The resistance at $23 appears unlikely to be tested anytime soon.
Technical Indicators:
Volume: Volume decreased this week. The price action lacks conviction and the bears appear to have the upper hand as buyers are scarce.
RSI: The 3-day RSI continues to fall lower with lower highs and lower lows. As long as this continues KCS is in a downtrend.
MACD: As already indicated, the 3-day MACD is bearish and this is unlikely to change soon. Moreover, if KCS will not reverse the downtrend soon, then the MACD on weekly may also turn bearish. That would signal a major bearish reversal similar to BTC and ETH, that already had this signal.
Bias
The bias for KCS is bearish right now.
Short-Term Price Prediction for KCS
The current downtrend for KCS has only started and it is best to be cautious considering current market conditions. Both BTC and ETH show major weakness in the market and KCS may be under a lot of pressure due to this. Best to wait for signs of a reversal before turning bullish again. Until then, KCS has good support on $20 and $16.
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UMB Downtrend is broken?!hi guys,
I hope that you will be well.
There is a trouble downtrend in UMB/USD. You can see the downtrend seem broken. Also in RSI downtrend is broken too.
In addition, we have a really strong support at 0.25$.
You can wait to confirm break the downtrend.
KCS - Trend-Following Setup!KCS is overall bullish trading inside the orange megaphone pattern.
Since it is sitting around the lower bound / trendline and green minor support, we will be looking for Trend-Following Buy setups.
However, KCS broke below the green zone, and it is currently retesting it, so the bears might still kick in for another bearish impulse till the lower blue support.
In this case, we will be looking for new buy setups as the price approaches the blue support.
That's why we want to wait for extra confirmation before buying , by waiting for a break above the gray area. In this case, the bulls would prove control again by breaking above the green zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
🔥 KuCoin Token: Bull-Trend EstablishedJust like many other tokens, KCS has seen a strong bearish trend over the last couple of weeks.
However, it seems that this bear trend has reversed in the short-term. After the massive bullish reversal earlier today, KCS has established a higher low, marking the way for a bullish channel pattern.
My expectation would be that KCS will at least trade bullish for the coming few days, potentially longer in case BTC will hold the line.
In another analysis I did on KCS I talked about the long-term potential of this coin, which is still intact. Let's hope for a nice reversal pattern and potentially a new all-time high in the coming weeks.
Happy trading!
KCS Mission Impossible: Have time to jump in to the Last WagonToday, we present to your attention a trading pair of KCSUSDT
It is a working token of KuCoin and an alternative to BNB from Binance
= It looks like the 5th impulse wave upwards is now incipient.
= If you look at the chart globally, almost 2 years from 2019 to 2021 the KCS token accumulated in the highlighted white zone on increased volumes.
= Then, in the spring of 2021, we had wave 3 with a spread of 3,000% growth.
= And in the last 3 weeks the KCSUSD buyers have shown their strength. Despite quite strong BTCUSDT falls, the KCS buyers aggressively bought back the falls, without lowering the price below $18.50.
By their actions they drew big shadows on the chart from the bottom and at the same time showed that the KCSUSDT price is standing higher than the previous absolute highs.
Given these facts, and if we compare them with our thoughts about the future of the BTCUSD price
We can expect that KCSUSDT price can grow by +/- 400% from the current price to the area of $100-110.
The intermediate target is $36.
We were buying at $20-21 and had the bucket at $13-15 but without result
Since we are trading on what we see on the chart, we now have faith in a decent growth in our mid to maybe long term investment.
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KCSUSDT Accumulation below the 1D MA50. Buy opportunity.One of my favorites, the KuCoin Token, has been performing remarkably well under the circumstances of the recent December pull-back and is currently showing strong bullish signs again.
On the 1D time-frame, the price remains under the 1D MA50 (blue trend-line) but so far it looks like another accumulation phase that usually takes place before a strong rally. As you see on the main chart, this has many similarities with the late September - early October Accumulation Phase. As today, the price then also traded below the 1D MA50 following a roughly -38% pull-back. Once the 1D MA50 broke, KCSUDT confirmed the start of the very strong October - November rally. Keep an eye on the 1D MA50 then, but the fractal already looks set to break. See also how the 1D RSI sequences of today and October look identical.
At the same time, there is another key technical development unfolding on the narrower 4H time-frame.
The chart above shows that KCS has been trading inside a Triangle pattern ever since the December 03-04 pull-back. A bullish structure is emerging however. Today we have the first test of the 4H MA50 since the start of the fall on December 03. A break above it would alone be a buy call towards the 4H MA200 (orange trend-line) initially. At the same time, the 4H RSI broke above its 1 week Resistance level and made a Higher High, on a bullish divergence against the price's Lower Highs since December 04.
In my perspective, the KuCoin token is already at a bargain price and once the 1D MA50 breaks, we will be seeing a strong rally that should initially take the price to the 2.0 Fibonacci extension level at around $45.00. Take advantage of this buy opportunity.
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KCS - My Trading Plan in a picture!KCS is overall bullish trading inside the orange megaphone pattern.
Since it is sitting around the lower bound / trendline and green minor support, we will be looking for Trend-Following Buy setups.
on H1: price formed a valid trendline in blue and broke its last swing upward.
However, KCS broke below the green zone, and it is currently retesting it, so the bears might still kick in for another bearish impulse till the lower blue support.
In this case, we will be looking for new buy setups as the price approaches the blue support.
That's why we want to wait for extra confirmation before buying , by waiting for a break above the gray area. In this case, the bulls would prove control again by breaking above the green zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ETN/USDT - Electroneum Double Bottom reversal Electroneum
The SHIB of the pre-2020 crypto markets! This was the fanboys coin at one point, lots of coins, lots of promises such as mobile phone mining and other ilk
It still has many people behind it, probably mostly HODLers who still being too greedy to sell as they want it to go to $1 before they cashout!
So technically we can see a clear double bottom on the daily, RSI, VixFix & Cycle of Power, indicators showing a clear opportunity for a reversal, easy 20%+ gains on this coin, even more, if u wanna let it ride but don't get caught holding too long, market still a bit funny after bitcoin closed a wee bit under on the weekly candle this morning, but as confidence rises in the next weeks we could see a good load of people buying into alts such as ETN
Stop Loss can be as tight as you want but give at least 5%, just dont be a bag holder here, as lower prices are possible if market volume falls
Will hunt for some more golden opportunities and coins we can make a few bucks from quickly and easily, so please thumbs up and follow me for more ideas
Have a powerful week ahead
Majorlee x
XHVUSDT, a KuCoin GEM that is on its way to HAVEN! Fellow TradingViewers, Vegans & Haven CHADS.
As you can see on my last idea, AVAX quadrupled, things have changed over time.
But HERE I am with a new idea, XHV aka Haven Protocol is really on its way to Haven (ikr, it's heaven).
As you can see, we are on a very critical point, we have double support, FIB's looking good. Very high chance that we are going up if BTC doesn't make any stupid moves.
Between 6.00 and 6.20 is a very good buy.
Last but not least, I will end this idea with a very important quote; “The problem is that humans have victimized animals to such a degree that they are not even considered victims. They are not even considered at all. They are commodities like TV sets and cell phones. We have actually turned animals into inanimate objects – sandwiches and shoes.” Gary Yourofsky
Peace be upon you.
MATIC diamond bottom?This idea is more of an update to my double bottom pattern which seems to be more like a potential diamond bottom(bullish) formation.
Luna descending triangle formation and 20 and 50 EMA patternLuna is forming a descending triangle formation with clear support being expressed within the channel. The past few times when the 20 EMA and the 50 EMA squeeze close together(no overlap though) Luna makes a movement upward.
Once bullish confirmation is confirmed Luna would be a great buy.
Kucoin needs to cool offKCS needs to cool off after this massive rally to have a healthy continuation. If it does head up for the 1.618 level directly, the consolidation will probably be too deep and might cause a panic sell off.
Best scenario here is to form a bull flag/pennant while consolidating and accumulating. As long as the momentum and volatility cools off a bit its fine. Also keep in mind that these volumes are nowhere near the previous ATH so take caution.
Casper $CSPR will come back hardly!Hello; here is $CSPR predicts.
I liken Casper $CSPR coin to $HOT Holo token. Holo token was dumped hardly before, but now, Holo is the star of the bull run since 1 years.
Casper was dumped hardly too, and it's starting to climbing upside slowly. I trust Casper and it will pump like Holo token, i think!
My entry level is 0,13$ and won't take profit before 0,55$. I'd like to sell my all coins around 2$.
I'm new here as a student and I have trial account on Tradingview! If you support me, i can go on my predicts on here and i can buy a real pro account on tradingview :)) i'd appreciate that!
Thanks a lot!
KCS/USD - Bearish Cross Warning! KCS under Pressure!Kucoin Token (KCS) just made a bearish cross on the 3-day MACD. This is a major warning that the current uptrend may come to a halt soon.
Key support: $17, $15
Key resistance: $26
Price is currently still above the $21 level, however this will likely not last due to the bearish momentum that is currently building up. If buy pressure does not return soon, then price will likely fall to the next key support at $17. The key resistance still sits at $25.
Technical Indicators:
Volume: Weak volume in the past few days and the price action shows this as bulls struggled to keep price above $21. This is bearish.
RSI: The RSI has made lower highs even as price made a new all-time high at $28.7. This is a bearish divergence which may empower bears to take control of price in the near term.
MACD: As already indicated, the moving averages on the three day timeframe did a bearish crossover. This is a major warning sign that a reversal in the trend may be taking place, at least in the near term.
Bias
The bias for KCS is mildly bearish at this time. If price falls and closes on the daily timeframe under $21, then KCS is likely to test the lower support level found at $17 and $15.
Short-Term Price Prediction for KCS
If the bearish crossover on the MACD is confirmed, then KCS is likely to fall under $20 and search for new support. Once the bulls find their footing again, the uptrend can resume. Until then, the short term bias remains bearish.