Chart is pretty self explanatory.
KCS is in a macro ascending triangle pattern and broke above the 200 SMA on the 1hr-- the 200 on the 4hr acted as resistance, and now it's retesting a very significant Support/Resistance level. If it can hold this level, expect upside.
This is an aggressive buy at the bottom of a macro pattern. Higher risk, higher reward - potentially a strong mid term hold (assuming bull rally continues).
Kucoin has been getting a lot more attention recently, especially in the US, as Binance is now requiring KYS for all users (effectively banning all users in restricted countries who had been getting by with a VPN).
Kucoin is the only good exchange that offers margin trading and a lot of small cap alts (and XRP lol) to the US market.
My trading group has been posting a lot more Kucoin setups in recent weeks/months, and with these insane small cap pumps, I expect more S-coin traders to get involved too. So I'm bullish on Kucoin as a mid term hold.
happy trades,
CD
KCS is in a macro ascending triangle pattern and broke above the 200 SMA on the 1hr-- the 200 on the 4hr acted as resistance, and now it's retesting a very significant Support/Resistance level. If it can hold this level, expect upside.
This is an aggressive buy at the bottom of a macro pattern. Higher risk, higher reward - potentially a strong mid term hold (assuming bull rally continues).
Kucoin has been getting a lot more attention recently, especially in the US, as Binance is now requiring KYS for all users (effectively banning all users in restricted countries who had been getting by with a VPN).
Kucoin is the only good exchange that offers margin trading and a lot of small cap alts (and XRP lol) to the US market.
My trading group has been posting a lot more Kucoin setups in recent weeks/months, and with these insane small cap pumps, I expect more S-coin traders to get involved too. So I'm bullish on Kucoin as a mid term hold.
happy trades,
CD
Catatan
well we didn't get that support bounce I was hoping for, but KCS has been rallying strong after that pullback. Kucoin adoptions definitely helps.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.