What Makes KuCoin Token Unique?
KCS Bonus is regarded as one of the best ways to get passive income. Users who hold more than 6 KCS can get a daily dividend, which comes from 50% of KuCoin's daily trading fee revenue. KCS Bonus is a unique incentive mechanism for KCS holders and KuCoin ecosystem builders. The amount of rewards that users can get depends on the number of KCS held and the trading volume of the KuCoin Exchange.
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.
Technical Analysis:
This is part of a step-by-step analysis that I am holding on KCS.
By following these ideas you will also benefit from how you can analyze a financial instrument as long as it develops.
On the daily chart, we can see that the price is above a bullish daily pattern.
The daily candle closed very bullish as well.
On the right side, we can see a 4-hour chart. The pattern inside
created an "Inverse Head & Shoulders" Pattern that can push the price higher.
The first short term target is 23.25 or +13% and the normal target at 25.37 or +23.25%
Thank you and Good Luck!
Long-term targets are higher. You can find them on the trading chart as follows from the previous analysis:
KCS Bonus is regarded as one of the best ways to get passive income. Users who hold more than 6 KCS can get a daily dividend, which comes from 50% of KuCoin's daily trading fee revenue. KCS Bonus is a unique incentive mechanism for KCS holders and KuCoin ecosystem builders. The amount of rewards that users can get depends on the number of KCS held and the trading volume of the KuCoin Exchange.
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.
Technical Analysis:
This is part of a step-by-step analysis that I am holding on KCS.
By following these ideas you will also benefit from how you can analyze a financial instrument as long as it develops.
On the daily chart, we can see that the price is above a bullish daily pattern.
The daily candle closed very bullish as well.
On the right side, we can see a 4-hour chart. The pattern inside
created an "Inverse Head & Shoulders" Pattern that can push the price higher.
The first short term target is 23.25 or +13% and the normal target at 25.37 or +23.25%
Thank you and Good Luck!
Long-term targets are higher. You can find them on the trading chart as follows from the previous 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.