KUCOIN Token gaining strength for a possible (+70%) moveKucoin token is breaking an important level of $12 if price can stays above with a weekly candle close could indicate a 70% increase in its price between $19 to $22.
Momentum suggesting a shift to bullish and is indicating that the price will reach higher levels with money flow increasing and the target is in confluency with a very important zone.
KCSUSD trade ideas
KCS Holders, Ready For A Prolonged Rally To $15?Sensational Bullish Revival: KCS (KuCoin Token) displays a remarkable bullish revival with eight consecutive weekly bullish candles.
92% Growth in 56 Days: KCS has experienced a significant 92% growth in the last eight weeks.
Challenging Bearish Dominance at $10: The price is heading to challenge the bearish dominance around the $10 mark.
Potential Breakout to $12.71: Surpassing $10 could lead to a breakout rally reaching $12.71.
Phoenix-Like Rebirth Amid Market Recovery: KCS shows a strong recovery as centralized exchanges gain market traction.
Resistance Trendline Breakout: A breakout from the resistance trendline in the weekly chart is observed, approaching the $10 supply zone.
Inverted Head and Shoulder Pattern Possibility: There's potential for an inverted head and shoulder pattern if KuCoin fails to exceed $10.
Technical Indicators - EMA and RSI: The turnaround in the 50-week EMA and the RSI approaching the overbought zone support the bullish trend.
Target of $15 in Early 2024: While a run to $15 may not be achievable by the end of 2023, it becomes a target for early 2024.
Current Trading Dynamics: The ongoing recovery rally suggests strong momentum to break past the $10 barrier.
Risk of Retest at $7.20: A reversal from $10 could lead to a retest of the broken trendline near $7.20.
KCS Clear 4.84 a run to 5.95 can be expected. Cautiously bullishNot financial advice.
All charts are made on current market conditions.
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KCS is currently in 5 wave corrective structure from it all time high.
You can see we had a death cross as evidenced by the blue 💙 cross ❌ on chart and now have lost lots of value
KCS has been impacted by loss of customer base due to KYC methods being implemented.
First thing I would wait for is for 2.84 to hold or break thru 4.85. Kind of in no man's land at the moment
Stoch RSI has a nice curve signaling a incoming move but be weary of whether we clear the 4.84 level.
Trade ideas moving forward
I would most likely wait for entry until 4.84 is cleared the way for a move to 5.50 range.
Always practice patience
#PIK Patience Is Key
#TLAW Think Like A Whale