KCS needs to cool off after this massive rally to have a healthy continuation. If it does head up for the 1.618 level directly, the consolidation will probably be too deep and might cause a panic sell off.
Best scenario here is to form a bull flag/pennant while consolidating and accumulating. As long as the momentum and volatility cools off a bit its fine. Also keep in mind that these volumes are nowhere near the previous ATH so take caution.
Best scenario here is to form a bull flag/pennant while consolidating and accumulating. As long as the momentum and volatility cools off a bit its fine. Also keep in mind that these volumes are nowhere near the previous ATH so take caution.
Note
or just go to the 1.618 level sure 😂Note
well the cool off period will be here I guess, but its hard to guess since kucoin has all the hype in the market with dozens of new listingsNote
support at $20, this one doesn't seems to be stoppingNote
$19 is the current support. If lost, say hello to $15
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.