KCS/USDT (New All-Time High Level)

💎Technical Analysis Summary💎

KCS/USDT

-KuCoin Token broke out of the strong key resistance level in January 2018
-But before the ATH happened, KCS formed a bullish triangle pattern on the weekly time frame
-During the pattern consolidation, the price respected the EMA30 at least 3 times
-Until the mid resistance 15 dollars is broken upwards and 20 dollar ATH level is achieved too
-Since this is a new level of market structure, we could expect any form of price discovery very soon
-What would be our potential upside targets? we can use Fib extension to potential look for sell areas
-But for now, I will wait first for the weekly candle close to giving me analytic data
-And look at the lower timeframes for short term moves which we can easily manage
-I will provide new updates in the coming days, let us look first at what is KCS?


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.