KCS BULLS TO PROVE!Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
QUICK UPDATE ON KCS.
As we mentioned previously on KCS, price approaching a massive support zone,
Where we will be looking for new bullish movement!
Meanwhile, for the bulls to prove control we need a break above the marked swing highs from a short- and medium-term perspective.
Until that price is still bearish and price can still dive more lower before reversal
Meanwhile, if we had a break above the marked necklines, then a movement higher would be expected.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
KCSUSDT trade ideas
KCSUSDT: A Short-Term Outlook on Bullish MomentumAnalyzing KCSUSDT: A Short-Term Outlook on Bullish Momentum and a Potential Breakout
Introduction:
The KCSUSDT trading pair, representing KuCoin Shares (KCS) against Tether (USDT), has been experiencing a downward trend since April 2022. However, amidst this trend, there have been instances of temporary reversals known as bull traps and bear traps. In mid-November 2022, KCSUSDT exhibited a strong surge, recovering almost 50% from its low of 5.8 to 8.2 within two days. After profit booking in December 2022, the market witnessed another upward rally, pushing the price to a high of 9.728. Currently, the price is consolidating within a Descending Channel Pattern, nearing the previous low associated with bullish momentum. Based on price analysis, a breakout above 7.460 may lead to a target price of 12.336, with a suggested stop loss at 6.530.
Bearish Trend and Occasional Traps:
Since April 2022, the KCSUSDT trading pair has followed a general downward trend. However, within this trend, there have been temporary reversals known as bull traps and bear traps, creating short-lived deviations from the main direction.
Prominent Bullish Movement in Mid-November 2022:
In mid-November 2022, KCSUSDT experienced a significant bullish movement. Within just two days, the price recovered almost half of its previous losses, surging from 5.8 to 8.2. This sudden upward momentum demonstrated the potential for substantial price movements.
Profit Booking Followed by Another Bull Rally:
After the mid-November rally, profit booking occurred in December 2022. Nevertheless, the market regained strength, leading to another bull rally that pushed the price to a high of 9.728.
Current Consolidation in a Descending Channel Pattern:
Currently, KCSUSDT is consolidating within a Descending Channel Pattern. The price has approached the previous low observed during mid-November 2022, which was associated with bullish momentum. This consolidation phase suggests market participants are reassessing the situation, resulting in increased trading activity.
Price Action Analysis and Expectations of a Breakout:
Based on price action analysis, there is a possibility of a breakout above the 7.460 level. If this breakout occurs, it could potentially lead to a significant price surge. Traders can anticipate that the target price of 12.336 might be reached within a maximum of three weeks following the breakout. It is important to note that the timeframe for reaching the target price may vary based on market conditions and subsequent price movements. To manage risk, it is advisable to set a stop loss at 6.530, ensuring a balanced risk-reward ratio throughout the trading period. By closely monitoring the market and adjusting strategies accordingly, traders can effectively capitalize on potential opportunities arising from the anticipated breakout.
KCSUSDT Enormous buy opportunityThe KuCoin Token / KCSUSDT is on an incredibly bullish 1day candle today.
The price is rebounding after the 1day RSI dropped below the insanely oversold limit of 15.00 on Sunday.
The first target of this first bullish wave is the Falling Resistance and Resistance A cluster at 7.500.
After it breaks above the 1day MA100 as well, buy again and target all Resistance levels up to 9.745, which is our long term target.
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KCS APPROACHING A MASSIVE ZONE Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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QUICK UPDATE ON KCS.
As we can see price is still trading insdie this falling broadening wedge pattern from a long-term perspective.
However, price is approaching a massive zone, previously a support & demand zone as well,
Then as the price will be approaching this area. we will be looking for new bullish correction movement.
As the price will be approaching:
1- lower bound of the falling wedge pattern.
2-MASSIVE SUPPORT & DEMAND ZONE
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
KCS SHORT & MEDIUM TERMHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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QUICK UPDATE ON KCS.
As we can see price is still sitting around a support zone, where we are still looking for new longs.
However, for the bulls to kick in from a medium term we need a break above the marked major swing high from Daily time frame.
Moreover, price is still overall bearish from a short term perspective, and for the bulls to kick in we need a break above the marked swing high,
Then a movement higher would be expected.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
KCS BULLS TO TAKE OVERHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
QUICK UPDATE ON KCS.
As we can see price is still overall bearish from a Medium and Short-term perspective.
However, price is sitting around a support zone lining up with the lower bound of the channel acting as an over-sold zone,
Where we will be looking for new longs as a correction movements.
And for the bulls to kick in we need a break above the marked swing high, then a movement higher would be expected till the upper falling trendline.
Until that price is still overall bearish and price can still dive lower before reversal.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Descending Path Ahead, Support Levels BeckonThe KCS currency has exhibited a consistent downward trajectory over the previous month, having breached the support levels within the range of $7.93 to $7.65. Consequently, the currency is currently declining towards the lower support range of $6.90 to $6.60. Notably, the price remains confined within the primary descending channel, indicating a prevailing downward trend across various time frames. To illustrate this, a minor support level has been depicted on the chart, and should a positive response materialize within this range, it may indicate a potential corrective wave within the overall downtrend. This corrective wave could potentially extend towards the resistance zone around $7.40. However, ultimately, a continued descent towards the anticipated support level of $7 is anticipated.
KCS OVER-SOLD ZONE, WHAT'S NEXT!Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
QUICK UPDATE ON KCS.
As we can see price is now trading inside this falling channel from Daily time frame.
However, price is now around the lower bound of this channel acting as an over-sold zone, lining up with our previous major lows.
Acting as a minor support zone, then we will be looking for new longs
Meanwhile, for the bulls to kick in from a short-term perspective we need a new swing high to be formed around the falling trendline then a break,
As shown on the chart, then a further movement higher would be expected.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
KCS BULLS CONFIRMATION, WHAT'S NEXT!Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
KCS Medium term perspective.
As we can see price is still overall bearish making clean lower lows and lower highs from a short-term perspective.
However, price is still bullish from higher time frame, so we will be looking more trend continuation movements.
And for the bulls to kick in from a medium-term perspective we need a break above the marked major swing high.
Then a movement higher would be expected.
Until that happens price is still bearish and price can still trade more lower before reversal.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
KCS MEDIUM TERM PERSPECTIVEHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
KCS Medium term perspective.
As we can see price broke previously below our major swing low and traded lower as the bears took over.
So far, price is still over all bearish making clean lower lows and lower highs.
However, price is still overall all bullish from a medium-term perspective and for the bulls to kick in with a new bullish movement,
We need a break above the marked major swing high, then a further movement higher would be expected.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
KCS NEXT BULLISH MOVEMENT. Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
Clean market structure on KCS, Let's justify more!
As we can see price is still overall bullish from a medium-term perspective, Trading inside this rising broadening wedge pattern.
Moreover, price is now sitting around the lower rising trendline, where we will be looking for new longs.
And for the bulls to kick in again we need a break above the marked swing high, then a further movement higher would be expected.
Until that price is still overall bearish.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
KCS NEXT BULLISH MOVEMENT!Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
Clean market structure on KCS, Let's justify more!
As we can see price got stuck inside this range between the lower bound and the upper bound.
Meanwhile, price is still overall bullish from a medium-term perspective, so we will be looking for the next bullish movement.
And for the bulls to kick in we need break above the upper bound of the range then a movement higher would be expected.
Unless price managed to be approaching the lower bound of the range then we will be looking for new longs from a short term perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
QUICK UPDATE ON KCS, WHAT'S NEXT!Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
Clean market structure on KCS, Let's justify more!
As we price is still overall bullish trading inside this channel.
Price is clearly bullish making clean new highs and new higher lows.
Meanwhile, for the bulls to kick in for another bullish movement we need a break above the last major swing high marked on the chart.
Until that happens price is still overall bearish, and price can still go lower before reversal.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
KCS IN A CLEAN MANNER!Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
Clean market structure on KCS, Let's justify more!
As we price is still overall bullish trading inside this channel.
Price is clearly bullish making clean new highs and new higher lows, As attached on the chart an impulse then a correction movement.
For now, and as the price is around our lower rising trendline we will be looking for new bullish movement.
And for the bulls to kick in we need a break above the marked major swing high lining up with the previous lows and highs.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
KCS - Wait For The Bulls! ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
KCS is currently stuck inside a range in the shape of a rising broadening wedge pattern in red.
Now KCS is approaching the lower bound of the range.
As per my trading style:
As KCS approaches the lower red trendline, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
🏹 Long-Term
For the bulls to over from a long-term perspective, we need a break above the range upward.
Which scenario do you think is more probable 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 - Long-Term View! 🔍Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), we were looking for buy setups around the 5-6 support zone.
KCS rejected the 6.0 support zone and traded higher.
🏹 For the bulls to take over long-term , we need a break above the last weekly major high in gray around 11.5
Meanwhile, if KCS retests the 6-7 support again, we will be looking for new short-term buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS LONG TERM BULLISH MOVEMENT Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
KCSLONG TERM PERSPECTIVE
As we can see price is still around a resistance zone, where we are still speculating a bearish movement on lower time frame.
However, for the bulls to kick in from a long term perspective, we need a break above the resistance zone
In addition to the marked major swing high, then the bulls will confirm the shift in momentum from bearish to bullish.
Until that as we mentioned we are still around a resistance zone.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
✴️ KuCoin Token, Good To Know (Name Your Altcoin #58)It is important if you are into reading Cryptocurrency charts to know what the exchanges tokens are doing, since these represent the health of the market.
While the entire market follows the same cycle, there are some variations and different signals can be extracted from different charts.
Still, what one does the rest follows.
If Bitcoin grows, everything grows.
If a set of random Altcoins breakout before the rest, example Dogecoin and Litecoin last year, the rest of the market will also do the same (as it is happening now).
In a way, you only need a few conventional charts, a few crypto charts and you can figure out in which phase of the market we are at.
With this information at hand you can easily decide what to do next or, if you are reading charts, you have a bias that is more likely to be right than to fail.
The truth?
People mostly care only about "their coin", their pair, what they are holding and they won't be digging as much as we do.
So everybody wants to know specifically what their pair is doing or maybe even just receive a confirmation would be enough to calm those doubts or just to know that there are others with the same view, as us.
(How's my grammar? Not good I am guessing...)
KuCoin Token | Many Bullish Signals... Good To Know!
A giant vs an ant.
I am the ant and they hit me in retaliation... Ouch!
I get it, you win!
I have to give up fast, they can decide to step on me and crush me to death.
Ok, the signals.
1) Major downtrend broken = bullish.
2) Trading above June 2022 low = bullish.
3) November lower low recovered in January = bullish.
4) Trading above EMA10 weekly ($8.28) = bullish.
5) MACD trending up with green histogram = bullish.
6) Weekly RSI above 50 = strongly bullish.
The potential targets are on the chart.
It is not about being right or being wrong.
It is all about your goals and having the right strategy or plan to achieve them.
Some we win, some we lose.
That's the game.
Get used to it.
Namaste.
KCSUSDT is testing the resistancethe price is testing the breakout from the descending channel and we are waiting for the breakout.
IF the price is going to have a breakout, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
–––––
Follow the Shrimp 🦐
KuCoin Token #KCSWhat Is KuCoin Token (KCS)?
KCS is the native token of KuCoin, which was launched back in 2017 as a profit-sharing token that allows traders to draw value from the exchange. It was issued as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain. Sooner or later, as the KuCoin decentralized trading solution goes live, KCS will be the native asset of KuCoin's decentralized financial services as well as the governance token of the KuCoin community in the future.