Just like many other tokens, KCS has seen a strong bearish trend over the last couple of weeks.
However, it seems that this bear trend has reversed in the short-term. After the massive bullish reversal earlier today, KCS has established a higher low, marking the way for a bullish channel pattern.
My expectation would be that KCS will at least trade bullish for the coming few days, potentially longer in case BTC will hold the line.
In another analysis I did on KCS I talked about the long-term potential of this coin, which is still intact. Let's hope for a nice reversal pattern and potentially a new all-time high in the coming weeks.
Happy trading!
However, it seems that this bear trend has reversed in the short-term. After the massive bullish reversal earlier today, KCS has established a higher low, marking the way for a bullish channel pattern.
My expectation would be that KCS will at least trade bullish for the coming few days, potentially longer in case BTC will hold the line.
In another analysis I did on KCS I talked about the long-term potential of this coin, which is still intact. Let's hope for a nice reversal pattern and potentially a new all-time high in the coming weeks.
Happy trading!
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