๐ฅ Kucoin Token: Break Out Or Bearish Continuation?
A week ago I made an analysis on KCS and the bearish triangle it was trading in.
As expected, KCS is still trading inside this triangle pattern. However, during BTC's massive impulse wave earlier today, KCS saw a big move towards the triangle's top resistance area.
If BTC is able to maintain the bullish trend, we can expect KCS to break out in the near future. However, with a more bearish market we're going to move down towards the triangle's support again. Keep a close eye on BTC.
Happy trading!
As expected, KCS is still trading inside this triangle pattern. However, during BTC's massive impulse wave earlier today, KCS saw a big move towards the triangle's top resistance area.
If BTC is able to maintain the bullish trend, we can expect KCS to break out in the near future. However, with a more bearish market we're going to move down towards the triangle's support again. Keep a close eye on BTC.
Happy trading!
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