KCS/USDT D
As of today, the asset ran into a very strong resistance level of $27.9. The asset has already tested the level 3 times, and we know the more often the price tests the level, the weaker this level.
I suppose that if the price tests this level for the 4th time, I think it will be possible to expect a breakdown of the resistance level and a hike up to the first target of $42.
But, before that, I expect a correctional movement to the 0.236 Fibonacci level, the price is $21.7, maybe even $20, I will look at the situation.
The $20 level is a mirror level, where the asset has a resistance level from 04/10/2021 and 11/02/2021 and a support level from 11/08/2021.
P.S. This is not financial advice or a call to action.
As of today, the asset ran into a very strong resistance level of $27.9. The asset has already tested the level 3 times, and we know the more often the price tests the level, the weaker this level.
I suppose that if the price tests this level for the 4th time, I think it will be possible to expect a breakdown of the resistance level and a hike up to the first target of $42.
But, before that, I expect a correctional movement to the 0.236 Fibonacci level, the price is $21.7, maybe even $20, I will look at the situation.
The $20 level is a mirror level, where the asset has a resistance level from 04/10/2021 and 11/02/2021 and a support level from 11/08/2021.
P.S. This is not financial advice or a call to action.
