🔥 KuCoin Token On Huge Support: Macro Troubles

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!