KCS Technical Analysis: Keeping Below $10 Is Dangerous

The protracted fall wave in the cryptocurrency market has not escaped KCS. Although it is a cryptocurrency exchange token, global market pressure cannot stop or ignore any cryptocurrency project. However, it is at the fall of the entire crypto market that you can find strong altcoins in which investors are interested. KCS is one of them. If we analyze the KCS price fall wave from April 2022, we can see that investors are very reluctant to sell it. https://www.tradingview.com/x/aja3bh2S/ Compare the April wave of fall with the January one. In January, sellers managed to lower the KCS price by 35% thanks to one weekly candle. It took sellers 6 weeks to achieve the same result in April. In addition, the reluctance of investors to give their medium-term and long-term positions on KCS is noticeable, and the fact of updating the local low. On 9 May 2022, sellers updated the local low from January 2022. Though, after this, the price fall did not continue due to stop orders from buyers. This means that most KCS investors were holders and for them, there was no clear signal to sell. In the worst-case scenario in the cryptocurrency market, we allow the price to fall by 15%. Technical Analysis Of KCS On The Daily Timeframe https://www.tradingview.com/x/3pr5qVY4/ Analyzing the price movement of KCS on the daily timeframe, you can find a striking example of the failure of the triangle pattern with a flat bottom. In fact, since January 2022...