What Is KuCoin Token (KCS)?
KCS is the native token of KuCoin, which was launched back in 2017 as a profit-sharing token that allows traders to draw value from the exchange. It was issued as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain. Sooner or later, as the KuCoin decentralized trading solution goes live, KCS will be the native asset of KuCoin's decentralized financial services as well as the governance token of the KuCoin community in the future.
From the previous analysis, we can see the KCS is holding very strong close to our support area 17.6
We are already in profit with this trade approximately +4%.
For the time being, I am trading for the short-term target at 19 and 20.9 with very good potential profits as well.
As long as our support area at 17.6 showed its power a very good target will be the first structure zone at 19 and the next one
if the price will be more aggressive 20.9
The longer-term position that I am still holding on KuCoin si targeting a lot higher.
For that, you can refer to the "Base Analysis" as below.
Thank you and Good Luck!
Previous Analysis:
Base Analysis:
KCS is the native token of KuCoin, which was launched back in 2017 as a profit-sharing token that allows traders to draw value from the exchange. It was issued as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain. Sooner or later, as the KuCoin decentralized trading solution goes live, KCS will be the native asset of KuCoin's decentralized financial services as well as the governance token of the KuCoin community in the future.
From the previous analysis, we can see the KCS is holding very strong close to our support area 17.6
We are already in profit with this trade approximately +4%.
For the time being, I am trading for the short-term target at 19 and 20.9 with very good potential profits as well.
As long as our support area at 17.6 showed its power a very good target will be the first structure zone at 19 and the next one
if the price will be more aggressive 20.9
The longer-term position that I am still holding on KuCoin si targeting a lot higher.
For that, you can refer to the "Base Analysis" as below.
Thank you and Good Luck!
Previous Analysis:
Base Analysis:
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t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.