KCS has been one of the more stable tokens over the last couple of weeks. As of now, KCS is trading on a strong support area within a large wedge pattern.
With the macro outlook of the market looking unstable, there's a decent chance that the support will not hold. In that case, a move towards the January capitulation lows is to be expected.
However, we've got a FED rating announcement coming Wednesday. If we get a very bullish reaction, this could be the catalyst for the overall market trend to change. In that case, the top of the pattern will be the long-term target. Wait for confirmation before entering the trade.
Happy trading!
With the macro outlook of the market looking unstable, there's a decent chance that the support will not hold. In that case, a move towards the January capitulation lows is to be expected.
However, we've got a FED rating announcement coming Wednesday. If we get a very bullish reaction, this could be the catalyst for the overall market trend to change. In that case, the top of the pattern will be the long-term target. Wait for confirmation before entering the trade.
Happy trading!
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šÆOfficial Channel: t.me/FieryTradingChannel
šTry my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
ā Monster Signals: t.me/monster_cryptosignals
š„Premium Signals: fierytrading.com
šTry my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
ā Monster Signals: t.me/monster_cryptosignals
š„Premium Signals: fierytrading.com
Publikasi terkait
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.