PolarHusk

KCS/USDT (50D MA Acting Support?)

KUCOIN:KCSUSDT   KuCoin Token / Tether
💎Technical Analysis Summary💎


KCS/USDT

-My last update on this coin last November 30 hit the top resistance
-But due to BTC big move, the price drop and retested the daily support area
-With the confluence of Fib 0.5 which acted as a bounce area twice in a row
-Technically, this coin remains bullish as the price still holding above 50D MA
-If you are taking this trade aggressively, please set a stop-loss below 17.5
-Because if that level breaks down, the chances to correct lower increases
-I'll provide a new update once new data is developed on the price structure
-Good luck traders


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.


⚠️Please always read the description⚠️

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