KCS has been one of the more stable tokens over the last couple of weeks. As of now, KCS is trading on a strong support area within a large wedge pattern.
With the macro outlook of the market looking unstable, there's a decent chance that the support will not hold. In that case, a move towards the January capitulation lows is to be expected.
However, we've got a FED rating announcement coming Wednesday. If we get a very bullish reaction, this could be the catalyst for the overall market trend to change. In that case, the top of the pattern will be the long-term target. Wait for confirmation before entering the trade.
Happy trading!
With the macro outlook of the market looking unstable, there's a decent chance that the support will not hold. In that case, a move towards the January capitulation lows is to be expected.
However, we've got a FED rating announcement coming Wednesday. If we get a very bullish reaction, this could be the catalyst for the overall market trend to change. In that case, the top of the pattern will be the long-term target. Wait for confirmation before entering the trade.
Happy trading!
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.