The KuCoin token (KCSUSDT) has been trading within a Channel Up pattern since the July 03 Low. This analysis is on the 4H time-frame where the price has turned the 4H MA200 (orange trend-line) into a Support, trading around the 4H MA50 (blue trend-line). It may have broken also above the 1D MA50 (yellow trend-line) but we can't claim this as bullish yet as the very same pattern was last formed on the late May sequence which was a top pattern.
The confirmation for its break downwards came when the 1D MACD formed a Bearish Cross. Pay close attention as the MACD is again close to forming that. If the price breaks below the 4H MA200 again, it is a sell signal towards the July low. Until then, the short-term trend remains bullish within the strict structure of the Channel Up, targeting the Higher Highs (top) trend-line.
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The confirmation for its break downwards came when the 1D MACD formed a Bearish Cross. Pay close attention as the MACD is again close to forming that. If the price breaks below the 4H MA200 again, it is a sell signal towards the July low. Until then, the short-term trend remains bullish within the strict structure of the Channel Up, targeting the Higher Highs (top) trend-line.
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.