🔥 KuCoin Token Ascending Wedge: Two Options

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!