KCS had a nice rally in late May, but this quickly reversed in June with the price now back on the key support at $10.
The whole market crashed and ETH fell under its old all-time high. If Bitcoin crashes under $20k, then most altcoins will likely make lower lows.
What does this mean for KCS?
Probably a price under $10.
Bulls have to do their best to keep the price above this key level as otherwise the next support is found at $9 which would put KCS into single digits.
The indicators on higher timeframes remain bearish, while the shorter timeframes like 4-hours are bullish. This suggests a short relief will be followed by more pain.
A break below the support at $10 will settle any doubts. Bias is bearish for now.
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The whole market crashed and ETH fell under its old all-time high. If Bitcoin crashes under $20k, then most altcoins will likely make lower lows.
What does this mean for KCS?
Probably a price under $10.
Bulls have to do their best to keep the price above this key level as otherwise the next support is found at $9 which would put KCS into single digits.
The indicators on higher timeframes remain bearish, while the shorter timeframes like 4-hours are bullish. This suggests a short relief will be followed by more pain.
A break below the support at $10 will settle any doubts. Bias is bearish for now.
Like and follow if you like my idea!
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
📣 Find more Alpha by joining Your Crypto Community:
🔹 Over 10,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 10,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.