KCS Looks Bullish (1W)

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Attention: Before anything else, be aware that holding and keeping exchange tokens carries its own specific risks. If something happens to the exchange or it goes bankrupt, the token of that exchange could potentially drop to nearly zero (like the FTX exchange token).

It seems to be within a diametric pattern, and it is now likely starting wave E.

The targets for wave E are marked on the chart.

As long as the price remains above the green zone, it can continue a good upward trend in the medium and long term.

The closure of a daily candle below the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You

Penafian

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