KCSUSDT hit the bottom of its 10 month Channel. Buy opportunity.The KuCoin token eventually got rejected on its 1D MA100 (green trend-line) and the result (along with the general geopolitical fear in the market) was getting on Thursday to the closest it's been at the bottom of its 10 month Channel Up since January 22. Along with strong news coming from the KuCoin labs with regards to the Metaverse, this mix of technicals and fundamentals create a favorable R/R buy opportunity. But let's look into both outlooks in greater detail.
** Technical analysis **
As mentioned above, the price is now just a few price points above the Higher Lows trend-line (bottom) of the long-term Channel Up that KCS has been trading in since the May 19 2021 market bottom. The January - February price action is quite similar to that fractal from May 2021, as both made two Higher Lows on the Channel's bottom with the last Low coming after a rejection on the 1D MA100. The latest rejection was in fact a Double Top on the 1D MA100. Needless to say, a break above the 1D MA100 is a buy confirmation for those seeking less risk but long-term traders who are willing to take dip buy opportunities can't get a better buy signal than that within a structured technical pattern.
See how those two similar Accumulation Phases within the 1D MA100 and the 1D MA200 (orange trend-line), also share an identical 1D CCI pattern. The 2021 bottom made a Higher High almost immediately and eventually made a new market Top just below the 1.236 Fibonacci extension at 1.236. On the current sequence, the 1.236 Fib extension is at 33.885. That is the medium-term target for March - beginning of Q2.
** Fundamental analysis **
Perhaps even better news for KuCoin's long-term outlook come from the fundamental side.
As 2022 is now upon us, KuCoin Labs takes a closer look at what this year will bring for the industry. Will there be more excitement, or will regulators push back aggressively? Is the NFT trend coming to an end, or is this only the beginning of a global multi-year trend? Can existing bottlenecks in the cryptocurrency and blockchain space finally be addressed?
“KuCoin Labs takes its role in promoting the development of the whole crypto industry. We incubate and invest in innovative projects, guide their development to their maturity where they would bring the best of crypto. As one of the top investment institutions, KuCoin Labs team gathers professional research on a forward-looking journey, unceasingly diving deep into every aspect and detail of a vertical. KuCoin Labs aims to be an integral force in building the future of Web 3.0," said Lou Yu, head of KuCoin Labs.
The forecasts touch upon some interesting points that cannot be overlooked by anyone even remotely associated with the industry. First, KuCoin Labs acknowledges that financial institutions remain crucial to taking the blockchain and cryptocurrency to the next level.
Moreover, more companies have set up Bitcoin treasuries in 2021, even though BTC has retraced by almost 50% from the all time high. KuCoin Labs expects more institutions to be transparent about their Bitcoin purchases, although they may not necessarily acquire BTC directly.
The focus on Layer-1 and decentralised finance is likely to continue throughout 2022. There is much room for further progress, whether it be scalability for Layer-1 or more complex and rewarding DeFi protocols. Other trends to keep tabs on include:
NFTs
GameFi
DAOs
SocialFi
MetaFi
Regulation
And much more
On top of that, the exchange has been announcing great competitions all week including:
- A $500 giveway to celebrate the world premiere listing of $Ranker.
- The KuCoin via Simplex Carnival of a $10000 prize pool with only 3 days left.
- 2000 USDT Prize Pool for KuCoin Margin adding the GariToken and UOS.
and many many more which you can find about on their Twitter page!
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Kcs
KCS/USD - KCS Downtrend Continues. Support @ $17 🙄 The market continued to fall, making lower lows across the board in the current structure. KCS was no different and broke below the key level at $19 which has now turned into resistance.
For this reason, the next key support is found at $17. Likely for price to continue towards that level in the near future.
If we look at the indicators, MACD is bearish on the daily timeframe and did a crossover to the negative side not long ago. This means it will take some time to find a bottom and hope for a reversal. This makes $17 likely.
Volume remains flat and the RSI and OBV are making lower lows.
Hence, bias remains bearish at the time of this post and hopefully KCS can rally again from the $17 support level.
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KCS - Detailed Video Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for KCS, feel free to request any pair/instrument or ask any questions in the comment section below.
Fundamentally KCS / Kucoin is doing great too!
As per KuCoin Labs: Integration of Metaverse and DeFi Will Be a Major Highlight in 2022
“KuCoin Labs takes its role in promoting the development of the whole crypto industry. We incubate and invest in innovative projects, guide their development to their maturity where they would bring the best of crypto. As one of the top investment institutions, KuCoin Labs team gathers professional research on a forward-looking journey, unceasingly diving deep into every aspect and detail of a vertical. KuCoin Labs aims to be an integral force in building the future of Web 3.0.”
Said Lou Yu, head of KuCoin Labs.
Best of luck!
KCS - Trend-Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
KCS is overall bullish and now approaching a strong support zone in blue (15) so we will be looking for buy setups.
on DAILY: KCS is forming an inverse head and shoulders pattern , but it is still an idea.
Trigger => Waiting for the right shoulder to form then buy after a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, KCS would be overall bearish from a medium-term perspective and can still dive inside the support zone before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS/USD - KCS Fails to Move Above $21. Another attempt inbound! KuCoin token tried to move above the key resistance at $21, but failed twice so far as indicated by the yellow arrow.
Nevertheless, despite the rejections by the bears, KCS quickly found support at $19 and may attempt another break of the key resistance in the future.
The indicators are still very much bullish on the daily timeframe. However, the MACD histogram is making lower lows and if KCS fails to break above $21 again, then the price may fall below $19.
Volume continues to remain constant and that is a positive considering this most recent drop in the overall market. Bitcoin and ETH are at a critical level which will be decisive for where the overall market is headed next.
KCS will likely follow the market leaders, therefore make sure to check my BTC/ETH ideas as well.
Looking ahead, KCS is likely to consolidate in this range between $21-$19 until the market makes a decision where it wants to go. Bias is neutral on KCS. This will change when one of the key levels break.
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KCS 1D Step-by-step long-term investment #9We continue to publish a weekly column on public investing in Kucoin token
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 +14%, 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 the position up a little bit to $14.89 , and now it is -15.69%.
As we suggested in the previous idea, this week there was a correction in the crypto market. The price of the bitcoin went down, followed by all the alts.
But what is interesting, yesterday, when the price of BTCUSDT went down in a wave and updated the weekly minimum, the price of KCSUSD did not update the minimum, the buyers kept it on a dynamic green level.
If you look at the history of KCS trading, then after the price consolidate at this green level, it started a good growth.
The first target for the growth of $23.50 is +17% from the current price, which can already be a good result in a short period of time.
We are waiting for the second target of $34 and the third of $42.80
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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 :)
KCS Inverse H&S on the Daily...KCS is KuCoin's native token like BNB is to Binance, albeit BNB is $430. I'm not a fan of longing hard any asset in this current climate but this can be an outlier if it takes out resistance at the $21 area. Pro Blue Osc has moved above the zero line, RSI and MACD Bullish as well. An entry above $21 should prove to be a good trade if market climate cooperates.
KuCoin Token vs Bitcoin | Facing Strong ResistanceNow we go for KCSBTC (KuCoin Token vs Bitcoin) and this one has also being doing really since January 2021.
Now, we can start by saying that the USDT and BTC charts are similar.
We do not have the same chart/structure/pattern, but we have the same cycle.
A low was set for KuCoin Token (KCS) in December 2020 both vs Bitcoin (BTC) and Tether (USDT), then we have over a year of growth with little correction.
Looking from an EW perspective we can have a truncated 5 here... Meaning that the 5 wave impulse is over and a corrective wave should form, but that's predicting of course, let's just focus on the chart.
The "very strong resistance" is where we are at now and the signals are not favoring the bulls.
We have this bearish candle as bullish momentum wanes:
We have a very strong bearish cross on the MACD and the histogram has gone red:
The MACD is also at its all-time high, plenty of room available to retrace.
Conclusion
KCSBTC is likely to continue to grow long-term but a correction has high probability in the weeks ahead.
This is not trading advice.
You need your own plan/strategy to trade.
For example, we never trade such a chart (near resistance/high prices), we look for different ones.
I hope you enjoyed this analysis.
Thanks a lot for your support.
Namaste.
KuCoin Token (KCS) | Multiple TimeframesKucoin Token vs Tether (KCSUSDT) has an interesting chart.
We will be looking at multiple timeframes.
Let's start with the monthly...
Here we can see KCSUSDT in a strong uptrend starting January 2021. That's over a year of continued growth.
The first peak happened in April 2021 and then a new high just shy of the previous one in November/December 2021, basically the same as Bitcoin.
The trading volume has been declining ever since January 2021, this can be considered a continuation signal on this chart or a distribution phase.
KCUSDT monthly stays bullish above EMA10 or $15.8.
Below this level we will see a test of lower support around $11.11 or EMA21.
In general, the technicals are bullish but near resistance/high prices, corrections can develop at anytime.
Now the weekly timeframe to get more in-depth information:
The pattern we are seeing can break either way and is a consolidation pattern.
EMA50 is working as support on this timeframe and has been tested three times, this coincides with the rising trend-line.
You can find the potential targets and support levels on this chart.
To finish, the daily timeframe makes it clear that we are in a decision point:
KCSUSDT is trying to resume its rally but this is not confirmed until prices move and close above $23.5... Trading below this level can increase the risk of a sudden drop.
The longer KCSUSDT remains below the last high, the higher the chances that it will correct before additional growth.
I would be really cautious on this one until a clear buy setup shows up.
Thank you for reading.
This is not financial advice.
I am just reading the charts.
Namaste.
KCS - Trend-Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
KCS is overall bullish and now approaching a strong support zone in blue (15) so we will be looking for buy setups.
on DAILY: KCS is forming an inverse head and shoulders pattern , but it is still an idea.
Trigger => Waiting for the right shoulder to form then buy after a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, KCS would be overall bearish from a medium-term perspective and can still dive inside the support zone before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS 1D Step-by-step long-term investment #8We continue to publish a weekly column on public investing in Kucoin token
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 +15%, but we do not fix this profit because it is a long-term investment.
Also, the stop on the position is still unchanged - $14.24 , because there is a possibility of price correction on the chart of BTCUSDT
It is very likely that there will also be a price correction on the KCSUSD chart.
If the correction will not be lower than $17.66 , then, firstly, it will indicate the super strength of the buyer and accordingly the prospects of a strong growth trend in the future. In that case, the take profit target will be shifted to $42.8.
Secondly, it will be a very tasty bargain for those who didn't manage to buy KCS.
If the correction goes lower than $17.66, but within the growth channel, that is - roughly speaking - higher than $15, then the fixation target for the long position will be about $34 for 1 KCS.
By the way, we drew a dynamic fibo growth channel on the chart, so that it was more clearly visible how the price moves up, taking into account the dynamic support and resistance levels.
_______________________________
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 :)
KCS/USD - KCS Facing Resistance at $20! Can it push through? 🧐After breaking above $18, KCS rallied nicely all the way to $20 where it now faces some steep resistance. Momentum is building up and KCS may attempt a break in the future if the overall market allows it.
Key support: $18
Key resistance: $20, $22
KCS rallied over 10% after breaking above $18 to reach the key resistance at $20. Now, market forces are fighting at this key level before the winner will decide where the price is headed next.
If the bulls are successful, then the price will likely go to $22 where we find another key resistance as indicated on the chart. If the bears win, then KCS may fall back to the $18 support level.
Watch closely BTC and ETH as they will also influence where the market is headed next and KCS too.
Technical Indicators:
Volume: Volume has been steady, but declining somewhat. Nevertheless, all 3-day candles closed in the green in the past 20 days which is impressive. Perhaps a pullback is expected due to this.
RSI: The daily RSI is curving down after the price failed to move above $20. For this reason, do not exclude a pullback and a shallow correction in the future.
MACD: The daily MACD is bullish, but the histogram is quickly losing momentum with lower highs. Unlikely for KCS to move above $20 in this context.
Bias
The bias for KCS is neutral. KCS lost some of its momentum and we could see a pullback.
Short-Term Price Prediction for KCS
If KCS enters a correction, then the price may fall to $18 before a renewed push higher can be had. For now, watch closely the price action at $20 to get a hint of where the price is headed next.
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KCS/USD - KuCoin Token Breakout! $22 Next!After finding support on the $15 level, KuCoin Token (KCS) rallied and used the bullish momentum to break above $18. This puts KCS on a clear path towards $22.
Key support: $18
Key resistance: $22
With this latest breakout, KCS has made the $18 level support and is likely to continue higher until the key resistance at $22.
This latest breakout has put a stop to the downtrend and if KCS is successful in moving above $22, then the correction that started in December 2021 would be put to an end.
Nevertheless, breaking above $22 seems a difficult talks for KCS. Best to be patient and also monitor the overall market.
Technical Indicators:
Volume: Volume spiked last Friday during the breakout above $18 and buyers are still in total control of the price action. As KCS approaches the key resistance at $22, selling and profit taking may intensify which may lead KCS into a pullback.
RSI: The daily RSI made a higher high and is above 50 points. There is plenty of space left until the RSI reaches the overbought zone.
MACD: The daily MACD remains bullish and the histogram continues to move higher with momentum on the buyers side. If this is sustained, KCS can easily reach $22 in the nearby future.
Bias
The bias for KCS is bullish.
Short-Term Price Prediction for KCS
As long as bulls can maintain the current momentum, KCS is well positioned test the key resistance at $22. However, good to be cautious as price moves higher since bears may attempt to push back on this latest rally.
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KCS 1D Step-by-step long-term investment #7We continue to publish a weekly column on public investing in Kucoin token
Why we chose this particular token you can read in our previous ideas for this section using the KCSUSDT ticker search
A week ago we have three orders opened, and now we have a long-term position with notional $900 with an average entry price of $17.66. At that time, the position was still loss-making, and we did not place a stop due to high volatility in the market.
Today the position shows +5%, and we can already put a logical stop on the position.
As can be seen on the chart, we have a trade with the following conditions:
Entry = $17.66.
Stop = $14.24
Take Profit 1 = $36
Profit/loss ratio = 5/1
On the one hand, you can say that the stop is large, perhaps, but the ratio of potential profit to loss is acceptable for a long-term investment, and we do not want to lose a position at a nice price.
In the same way we will manage the position in the course of price growth: rearrange the stop, fix profit on the part of the position, etc. If this is interesting for you, in order not to miss the update, subscribe to us, give us your likes and comments, and then tradingview will be the first to inform you about changes.
_______________________________
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 :)
🔥 KCS Incredible Strength: Potential Break Out SoonA couple of days ago I made an analysis on KCS and its strong upward momentum.
As seen on the chart, KCS followed my pattern almost to the letter, with more bullish price action coming to it as we speak. The bullish trend line still holds strong, so we could re-test it again in the coming days.
However, the most likely scenario in my opinion would be a bullish move towards the top resistance. I'm expecting heavy volatility around the yellow area. We will either reverse from there to re-test the bullish trend line, or we break out and will re-test the resistance later.
Happy trading!
KCS all 3 possible moves hello everybody
these are 3 possible moves
green : squeezing price below the trendline and breaking it. ( personally, I will wait for 18 $ resistance to break ) ( don't forget to wait for retest).
yellow : relow at 15 $ support line then break the trendline. ( I will buy after retesting the trend )
red : losing the 15 $ support and retesting it.
......
this is another trade for now and a little risky.
the first target is touching the trend
sec target losing the trend and it is 15 $
not financial advice.
goodluck
🔥 KuCoin Token Reversal: Higher LowsKCS is one of the few tokens which has succeeded into printing consecutive higher lows since the liquidation cascade of January 22nd.
As seen on the chart, there's a clear dynamic support which causes continuous bounces.
I'm expecting the price to pull back towards the trend line in the coming days. In that case, it would be a very decent short term trade. This assumes that BTC will remain stable at the very least.
Happy trading!
KCS 1D Step-by-step long-term investment #6We continue to publish a weekly column on public investing in Kucoin token
Why we chose this particular token you can read in our previous ideas for this section using the KCSUSDT ticker search
1-2 weeks ago we were placing 3 buckets orders to buy long.
On the recent crypto market fall, we got all buy orders filled.
Now we have position with notional 900$ with average entry price $17.66 Logical stop below $15, however we do not place it yet, because the market is very volatile now, it is a pity to lose a long term position gained at a delicious price.
As soon as the market shows a clear trend, we will place a stop and either update this idea, or we will write about it in a new idea.
So, in order not to miss an update, subscribe to us, like and comment, and then you will be the first to be notified about the changes by tradingview.
Today we will look at the KCSUSD pair on the 3D time frame. This is the third 3D candle in a row trading above the strong mirror level of $15 . It looks like that level was tested from above and now the buyers are fixing the KCS price above it.
So far, everything is done in order for the growth to start in the near future.
The first growth target is around $36 , which is x2 from our buying point, and it might be just the middle of the big growth channel.
The global target for growth unchanged is $100-110. We would like to bring this column to the target and fix the profit with you.
_______________________________
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 :)
KCS - Let's Go!Hello everyone, if you like the idea, do not forget to support with a like and follow.
KCS is overall bullish trading inside the brown channel.
KCS is now approaching the lower brown trendline and 15.0 horizontal support in green, so we will be looking for buy setups.
Before buy, we want the bulls to take over by breaking above the previous major high.
on DAILY: KCS is forming a trendline in blue but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated , KCS would be overall bearish from a medium-term perspective and can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS 1D Step-by-step long-term investment #5We continue to publish a weekly column on public investing in Kucoin token
Why we chose this particular token you can read in our previous ideas for this section using the KCSUSDT ticker search
A week ago, we placed 3 buckets of buy orders to go long.
Tonight, on a strong next crypto market drain, only the first order to buy 1/3 of the position at $18.81 worked.
An interesting fact is that at the time when the price of BTCUSDT and prices of many alts update their lows of the last months, the price of KCSUSD is confidently held by buyers. This is good news, because where are the strong and confident buyers we can less afraid of considering a long-term investment, because the chance that after the next pump the price of the alt is sold at -80% is much lower.
Also, what can be the next move of price KCSUSDT adds more intrigue to us the KCSBTC chart
The consolidation spring is severely compressed and there will be a powerful impulse soon.
If it is down by -15-16%, it is very likely to fill our 2 at $17.66 and 3 at $16.51 long-term long buy orders.
However, from past experience such patterns usually shoot upwards. The percentage strength of possible upward impulses is depicted on the chart.
If we see that the sellers have run out of steam and the KCS price starts to shoot up, we will buy 2/3 of the position at the market price and update this idea.
So if you are interested in this section, subscribe to us and write a comment under this idea, and then tradingview will be the first to notify you of any changes and corrections in this section.
_______________________________
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 :)
🔥 Kucoin Token: Break Out Or Bearish Continuation?A week ago I made an analysis on KCS and the bearish triangle it was trading in.
As expected, KCS is still trading inside this triangle pattern. However, during BTC's massive impulse wave earlier today, KCS saw a big move towards the triangle's top resistance area.
If BTC is able to maintain the bullish trend, we can expect KCS to break out in the near future. However, with a more bearish market we're going to move down towards the triangle's support again. Keep a close eye on BTC.
Happy trading!
🔥 KuCoin Token Volatility ExpectedSince the drop earlier in November, KCS has been following Bitcoin and has been trading bearish. During this period, the price has formed a descending triangle on the chart.
Descending triangles are classically bearish trading patterns, so a bearish break out of this pattern is more likely than a bullish one.
For the coming weeks, I'm expecting the price to follow the pattern. Somewhere late January / early February we can expect a big move, since the price has reached the end of the pattern.
Keep a close eye on Bitcoin. Bearish BTC will most likely signal a bearish break out, and the other way around.
Happy trading!