- The RSI line shows steady growth in its chart
- The KCS/BTC pairing traded at 0.0002571 BTC, with a gain of 7.25%
- The KCS coin’s 24-hours trading volume is $20.5 Million, indicating a 40.04% hike
The KCS coin shows a double bottom pattern in the daily time frame. The neckline for this pattern is at $15-$15.7, holding an excellent long opportunity for the crypto trader once the price gives a proper breakout from this resistance. The KCS coin is currently trading at $15.5, with an intraday loss of 1.3%
According to the EMAs, the KCS coin price is trading higher than the crucial EMAs of 20, 50, 100, and 200, indicating a solid uptrend.
The RSI value is at 70, indicating a bullish sentiment for this coin. The RSI has shown an impressive rally similar to the coin price action.
The KCS Coin Chart In The 4hr Time Frame
For KCS investors, October has been a great month as the price has surged around 65% in these 24-days. The coin price is currently standing at the doorstep of a crucial resistance of $15.7, and the crypto traders should wait till the price gives a proper breakout from this resistance.
In case if the price rejects from the overhead resistance, the Fibonacci retracement level suggests the nearest support for KCS price would be at $14.1, followed by a $13.4 mark.
The MACD indicator shows that both the MACD and signal lines are above the neutral area (0.00), indicating bullishness in the KCS coin.
Conclusion: From a technical perspective, the overall trend for the KCS coin is bullish. And as mentioned, the coin price shows a reasonable possibility of continuing its uptrend as the price seems to be ready to challenge the previous swing high around $15.7-15. If the price reclaims this crucial resistance, the next significant resistance level is $20-$19, indicating more than 20% gain.
Support – $14.1
Resistance- $157-$15