KCS Technical Analysis: EMAs Influence Bearishness on Trapped Momentum

The KCS coin price trend sideways as the consolidation grows between the daily EMAs. Should you consider buying in this consolidation? Key technical points: KCS prices rest at the $18 support level. The 50 and 100-day EMA are diverging to give a bearish crossover. The 24-hour trading volume of KuCoin is $5.89 Million, marking a 26% rise. Past Performance of KCS Under the solid bearish imprinting of the 50 and 100-day EMA, the KCS coin price consolidates above the $18 support level. The consolidation has initiated after the 15% from the $21 mark, which found demand at the 200-day EMA. Hence, the consolidation range can be considered between the 200 and 50-day EMA. Source-Tradingview KCS Technical Analysis KCS coin price shows higher price rejection from the EMAs, resulting in an increased breakdown possibility. However, the $17 level buyers form a double bottom pattern projecting the likelihood of a price jump. The 200-day EMA provides constant support to sustain the consolidation range contrary to the 50 and 100-day EMA giving a bearish crossover while providing resistance. Hence, a breakout of either EMA will generate a trading opportunity. RSI Indicator: The RSI slope shows a sudden jump in underlying bullishness evident by the 14-day SMA breakout. The string reaches the halfway mark and increases the trend reversal possibility. MACD Indicator: The MACD and signal lines show a trend reversal that may spawn a bullish crossove...