KCS/USDT 4h
KCS/USDT 4h
The asset is locally in a growing trend for the second month since 30.09.2021 from the price of $9.55.
Now we see a resistance level at a price of $28, the first time we tested it on 11/15/2021, they could not break through and today, 11/25/2021, we can most likely see the same scenario.
When the asset breaks the level of $24 and 50EMA concurrently, it will be a strong signal for the beginning of the correction.
If you love and know how to trade a fall, then I would trade a short position and would not miss this opportunity, but I definitely put stops at the level of $28.4.
If you like to long, I would catch an asset on a correction at a price of $18.5, concurrently with 365EMA, but maybe even $16 (if the "black swan" arrives) and prices will crash dramatically.
Globally, I expect the bull market to continue until the end of this year, maybe even until the end of January 2022, but before that a correction is possible.
P.S. This is not financial advice or a call to action.
The asset is locally in a growing trend for the second month since 30.09.2021 from the price of $9.55.
Now we see a resistance level at a price of $28, the first time we tested it on 11/15/2021, they could not break through and today, 11/25/2021, we can most likely see the same scenario.
When the asset breaks the level of $24 and 50EMA concurrently, it will be a strong signal for the beginning of the correction.
If you love and know how to trade a fall, then I would trade a short position and would not miss this opportunity, but I definitely put stops at the level of $28.4.
If you like to long, I would catch an asset on a correction at a price of $18.5, concurrently with 365EMA, but maybe even $16 (if the "black swan" arrives) and prices will crash dramatically.
Globally, I expect the bull market to continue until the end of this year, maybe even until the end of January 2022, but before that a correction is possible.
P.S. This is not financial advice or a call to action.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.