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:
Since the beginning of February KCS is moving within a trading range between 16.5 and 21
As long as BTC is actually on its last bearish correction movement KCS looks like it already completed the
bearish movement.
The price can move higher from where it is actually now $18 but we can not rule out the possibility
that the price can extend the decline up to $16.50 before moving higher again.
The trading range from 16.5 to 20.9 is approximately 26%
Thank you and Good Luck!
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:
Since the beginning of February KCS is moving within a trading range between 16.5 and 21
As long as BTC is actually on its last bearish correction movement KCS looks like it already completed the
bearish movement.
The price can move higher from where it is actually now $18 but we can not rule out the possibility
that the price can extend the decline up to $16.50 before moving higher again.
The trading range from 16.5 to 20.9 is approximately 26%
Thank you and Good Luck!
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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.