Hello Traders! CTDave here again with another daily price analysis chart.
Today I will be analyzing the Kucoin token KCS.
Let's take a look at the 15-minute timeframe first:
So as you can see, there is a downward channel that formed. Right now, it has hit the support So you can expect a tiny reversal to the next resistance area. After that, a drop can be expected to around ~$13.50 which is indicated by the red arrow going down with a small retrace, as you can see. Afterward, a rise will follow up to the orange resistance line.
Now, let's look at the 2-hour timeframe:
As you can see, we are in a bullish breakout triangle which is inside another breakout triangle as can be seen from the 1-day timeframe:
Thanks for reading!
As always, I encourage everyone to please like, comment, and share my ideas, and follow me for more of these posts to be kept updated. Happy trading! Thank you!
Note: I am not a financial advisor, please do not trade solely based on my trading decisions. Do your own research or consult a professional financial advisor before conducting a trade.
Today I will be analyzing the Kucoin token KCS.
Let's take a look at the 15-minute timeframe first:
So as you can see, there is a downward channel that formed. Right now, it has hit the support So you can expect a tiny reversal to the next resistance area. After that, a drop can be expected to around ~$13.50 which is indicated by the red arrow going down with a small retrace, as you can see. Afterward, a rise will follow up to the orange resistance line.
Now, let's look at the 2-hour timeframe:
As you can see, we are in a bullish breakout triangle which is inside another breakout triangle as can be seen from the 1-day timeframe:
Thanks for reading!
As always, I encourage everyone to please like, comment, and share my ideas, and follow me for more of these posts to be kept updated. Happy trading! Thank you!
Note: I am not a financial advisor, please do not trade solely based on my trading decisions. Do your own research or consult a professional financial advisor before conducting a trade.
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.
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.