Since the massive drop earlier this month, KCS has been trading in an uptrend. Luckily enough, the price is still making higher lows, indicating a strong trend. However, there might be some bearish price action coming our way.
Bullish case: the price reverses from the current support and stays in the pattern. Best case scenario would be a bullish break out in the next week or so.
Bearish case: the current support fails and KCS will fall. Potential target would be $20. Since the ascending wedge occurs during a bearish longer-term trend, the bearish case would be the most likely scenario. However, this is crypto and everything depends on BTC.
Happy trading!
Bullish case: the price reverses from the current support and stays in the pattern. Best case scenario would be a bullish break out in the next week or so.
Bearish case: the current support fails and KCS will fall. Potential target would be $20. Since the ascending wedge occurs during a bearish longer-term trend, the bearish case would be the most likely scenario. However, this is crypto and everything depends on BTC.
Happy trading!
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✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.