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.
Commento:
or just go to the 1.618 level sure 😂
Commento:
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 listings
Commento:
support at $20, this one doesn't seems to be stopping
Commento:
$19 is the current support. If lost, say hello to $15