KuCoin is a Temporarily Bearish (Short Term Analysis)
Updated
The coin has shown some weakness on a daily time frame. It has formed a top head and shoulders that targets 6.68 and it may go less than that to hit the bottom of the channel at the level of 4ish. After that, I will update on the next coming reversal.
Note
The coin has reached an important area that was previous demand zone and it is also 0.618 Fib. We may witness a possible reversal but if it breaks below then our H&S target is the next destination.Note
The token is reversing watch out for the previous tops Trade active
reached the top H&S target after the failed speculation reversal at .618 Retracement. Is it possible to reach the level of 4.3??Trade closed: target reached
4 is reached. will update in an individual analysis of a coming reversal.
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