KCS/USDT (Retest Weekly Trendline?)

💎Technical Analysis Summary💎


KCS/USDT


-Bitcoin today just had a -10% downside correction testing its S/R level
-Which lead the crypto space to pull back to their key regions
-We have an important weekly candle in play for KCS coin in the next few days
-After the bulls have taken out the strong trendline resistance from November 2021 high
-The price is coming back down to retest the key level of $19-$18 support zone
-This is very crucial because we want to turn this area into a strong support
-Because once it did, we could expect an upside continuation in the coming weeks or months
-I'll update this coin on the daily time frame once we have good strength coming from the buyers
-For now, let us wait for this weekly candle to close and re-analyze the next potential move
-Good luck and stay safe everyone!




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.
KCS broke a new all-time high on December 1, 2021, reaching $28.77. Another important milestone for KCS is the development of KCC.
KCS is used as the only fuel and native token for KCC and can be used to pay gas fees and support the development of projects built on KCC.


For more info about KCS, please visit the link under my Signature Field.


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