KCSUSDT Analysis

7 de jul. de 2021

KCSUSDT hit the monthly 50 EMA and bounced off it on June 22 and broke out the nearest resistance area. The pair had been trading sideways since then for a few days. KCSUSDT is finally broke out of a nearly 3-month downtrend line on July 03 and continued to move up. The pair went further up and broke a resistance zone without slowing down. It reached another resistance zone yesterday and currently is having a minor pullback. The pair may be taking a short break from here before resuming its next move. A break out of the current resistance zone may take it to the next 18.80 resistance area, otherwise, it may test the previous support zone.