KCSUSDT Bullish divergence on 1D targeting the MA50

The KuCoin Token (KCSUSDT) is on 4H MA50 (yellow trend-line) rejection coming off the July 03 rebound on the Lower Lows trend-line of the long-term pattern. The 1D RSI is on Higher Lows while the candle action has been on Lower Lows, thus a Bullish Divergence has been spotted.

Our plan is to buy upon break-out, namely a candle close above the 4H MA50 and target the 1D MA50 (blue trend-line). Similarly a bullish break-out above the 1D MA50 can target the 1D MA200 (orange trend-line). We are only willing to sell if the price breaks below the Lower Lows trend-line and target the 1W MA200 (red trend-line). Note how the LMACD printed a Bullish Cross, typically such formations in 2022 targeted the 1D MA50 at least.



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