KCS Technical Analysis: Consolidation Is On The Verge Of Completion

The situation in the KCS market continues to be tense since mid-January 2022. Compared to other cryptocurrencies, KCS has withstood the blow of correction with dignity and has not allowed sowing panic among investors. However, the KCS price is stuck in consolidation, which can not be chosen. The consolidation range is constantly narrowing and is now $17-$21. In the previous article, we expressed our expectations for buyers to test the upper limit of this consolidation. Buyers were able to implement this scenario and the KCS price stopped at $21. In this range, sellers stop the KCS price for the third time and easily turn it down. https://www.tradingview.com/x/eAfywrKu/ Analyzing the weekly timeframe, we see that the current candle almost overlapped the previous one. The probability of the KCS price falling to the bottom of the consolidation of $17 is quite high. This scenario will indicate the weakness of buyers. However, keeping the mark of $17, buyers can still count on the formation of a new growth wave. In case of loss of this mark, the downward trend will increase and the chance of growth will sharply decrease. With a negative scenario and fixing the KCS price below $17, we expect to fall to $14. Technical Analysis Of KCS On The Daily Timeframe https://www.tradingview.com/x/oa6AS0Rl/ Analyzing the KCS price movement on the daily timeframe, you can see a small victory for buyers. The trend line of sellers from December 202...