KuCoin token comes to support line Rising Wedge (short pattern)
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Today I want talk with you about KCS chart.
As you can see on a chart a Rising Wedge figure is clearly visible.
And as you know this is short pattern which can push price down at least to 16 USD.
But this is not a 100%, like all in our life 😄
Now I see 2 options:
First option is price can rise to resistance zone and resistance line or wedge.
And after this starts downward movement, break support line of wedge and fall to target around 16 $.
Second option is if price will break support line in next few days without any massive pullback upward.
And price may immediately drop to 16 $ or even lower.
So, I'm waiting for this scenario.
This is my opinion, I really hope this will be useful for you.
Be ready and take care your money. Have a great profit !
Today I want talk with you about KCS chart.
As you can see on a chart a Rising Wedge figure is clearly visible.
And as you know this is short pattern which can push price down at least to 16 USD.
But this is not a 100%, like all in our life 😄
Now I see 2 options:
First option is price can rise to resistance zone and resistance line or wedge.
And after this starts downward movement, break support line of wedge and fall to target around 16 $.
Second option is if price will break support line in next few days without any massive pullback upward.
And price may immediately drop to 16 $ or even lower.
So, I'm waiting for this scenario.
This is my opinion, I really hope this will be useful for you.
Be ready and take care your money. Have a great profit !