Hello my friends, today I want to talk with you about KCS.
Price broke channel and fell to strong support (9.200).
After this level was retested, KCS pulled back and made move up.
Price was consolidating during some time in the wedge.
I see right now that KuCoin broke this pattern also and is testing resistance area.
In my opinion price can make new downtrend after that and back to support (9.200).
So be ready for such scenario.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.
Price broke channel and fell to strong support (9.200).
After this level was retested, KCS pulled back and made move up.
Price was consolidating during some time in the wedge.
I see right now that KuCoin broke this pattern also and is testing resistance area.
In my opinion price can make new downtrend after that and back to support (9.200).
So be ready for such scenario.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.