KCS/USDT (Retest Weekly Key Support)

💎Technical Analysis Summary💎


KCS/USDT


-The EMA19 acted resistant last week and currently creating pressure downward
-The weekly key support area is being retested at around 15 dollars
-This is technically not good in terms of price action because the bulls might get weaker next time
-Also, Bitcoin on the other hand is following the same path which creates more selling action for the altcoins
-Ìf all else fails, a strong drop down to 10 dollars is in play in the next few weeks or months
-But if the bulls can defend their key area of interest, then expect good price action
-I can't say much about the current trend of KCS but I'm sure the market is moving sideways longer
-Please manage your risk and do not allocate more than you can't afford to loose


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.
KCS broke a new all-time high on December 1, 2021, reaching $28.77. Another significant milestone for KCS is the development of KCC.
KCS is used as the only fuel and native token for KCC and can be used to pay gas fees and support the development of projects built on KCC.


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



Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉


``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
``````````````````````````````````````````````