KCS has been one of my favorite tokens to follow over the last couple of weeks. It did a great job of holding its value relatively to most other cryptos and is currently in full reversal mode.
However, KCS is facing some short-term headwinds. As seen on the chart KCS is trading in a narrow bullish channel. I'm expecting that this channel will hold and that KCS will move back towards the lower support of the channel.
Keep an eye on this support area since KCS might see a strong bounce from there, perfect opportunity for a day-trader.
Happy trading!
However, KCS is facing some short-term headwinds. As seen on the chart KCS is trading in a narrow bullish channel. I'm expecting that this channel will hold and that KCS will move back towards the lower support of the channel.
Keep an eye on this support area since KCS might see a strong bounce from there, perfect opportunity for a day-trader.
Happy trading!
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