KCS/USDT (Weekly Consolidation)

💎Technical Analysis Summary💎


KCS/USDT

-KuCoin Token is trading above the weekly key support area
-And also, the important short term EMA dynamic support
-The bulls are having a battle between the immediate resistance at 21 dollar
-If the buyers can break the sellers' defense in the coming weeks
-The potential to test the All-time level increases in the next few months
-For now, this weekly candle is very important to sustain above 20 dollar
-My weekly technical bias is bullish to sideways trading in the next few months
-On my next update, we will look at the lower daily time frame to see any reversal pattern


KCS is the native token of KuCoin, which was launched back in 2017 as a utility token that allows traders to share the growth benefit of the exchange. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain.
As the native token of KuCoin, the value of KCS is strongly correlated with the KuCoin exchange platform.
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges. It currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 8 million users in 207 countries and regions around the world.

For more info about KCS and Bonuses, please visit the link under my Signature Field.



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