KCS/USDT The next big trading platform? Breakout imminent
Intro:
- KuCoin evolves into one of the big competitors of Binance, FTX and Coinbase.
- Often times Coins are listed earlier on KuCoin than on other major trading plattforms.
- The current marketcap is around 1 billion which is much smaller than the marketcap of the main competitors.
- It takes some time to create such ideas and drawings.
You are welcome to pay me back with a comment that states your opinion and maybe leads to further improvements considering my charts and explanations.
Daily chart:
- KCS touched the 20$ line during April 2021 which is very close to the ATH which is around 21$.
- Afterwards KCS dropped hard back to even 5$ and currently consolidates to make another major upwards move.
- Trading volume decreased during the last 6 months and only saw spikes which coincides with a consolidation phase.
- On the RSI side we also see a strong consolidation towards the 60 line.
- One can draw an inverse head and shoulders with a breakout towards the 14$ price line.
- Currently KCS is above all MA lines.
Expectation:
- We expect to see an upwards breakout to happen very soon.
- The first target is the 20$ price range but for the end of 2021 we expect to go up higher and therefore into price discovery mode.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone . Check the description.
- KuCoin evolves into one of the big competitors of Binance, FTX and Coinbase.
- Often times Coins are listed earlier on KuCoin than on other major trading plattforms.
- The current marketcap is around 1 billion which is much smaller than the marketcap of the main competitors.
- It takes some time to create such ideas and drawings.
You are welcome to pay me back with a comment that states your opinion and maybe leads to further improvements considering my charts and explanations.
Daily chart:
- KCS touched the 20$ line during April 2021 which is very close to the ATH which is around 21$.
- Afterwards KCS dropped hard back to even 5$ and currently consolidates to make another major upwards move.
- Trading volume decreased during the last 6 months and only saw spikes which coincides with a consolidation phase.
- On the RSI side we also see a strong consolidation towards the 60 line.
- One can draw an inverse head and shoulders with a breakout towards the 14$ price line.
- Currently KCS is above all MA lines.
Expectation:
- We expect to see an upwards breakout to happen very soon.
- The first target is the 20$ price range but for the end of 2021 we expect to go up higher and therefore into price discovery mode.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone . Check the description.
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