KCS 1D Looking at the graph, we believe in growth

8 thg 12, 2021

Today, we suggest analyzing how KCSUSDT price behaved during the recent crypto market crash.
But first, we recommend rereading our series of ideas for the pair KCSUSDT to understand the logic of our thoughts, below you can see the previous one.

As you can see from the chart, our buy orders in the $20-21 area are fully executed, but the buckets to spill into the $13-15 area are not filled.
This is both sad and happy.
Sad, because aggressive buyers did not allow us to buy cheap, and happy - because the buyer's confident payoff confirms that we analyze correctly and there can be a good growth ahead for the KCS price.
The large shadows from below on the daily candlesticks (circled in red) signal aggressive buying on the market pouring in, and technically we got a filigree retest of the liquidity zone from April 2021.

We will still hold buckets on the strait in the $13-15 zone, but we very little believe that the price of KCSUSD will fall there, because the price behaved decently on the previous fall. It's more likely that the KCSUSDT will probably quickly get the first intermediate price from above - $36.
Global targets unchanged $100-110 per Kucoin Token
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Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)