The key resistance at 5k satoshi seems to hold so far, but KCS could break it again.
Bulls really have to turn this level in support to sustain a possible rally that would outpace and outperform BTC.
For now, the KCS/USD pair (see below) is bearish, but KCS has managed to make a higher high versus Bitcoin not seen since 2018! This is significant.
The MACD is also bullish, but momentum is a bit weak for buyers right now. Best to be patient here and wait for a clear signal.
I am neutral on this price action and we need more time to get a sense of the next direction vs BTC.
Like and follow if you liked my idea!
Bulls really have to turn this level in support to sustain a possible rally that would outpace and outperform BTC.
For now, the KCS/USD pair (see below) is bearish, but KCS has managed to make a higher high versus Bitcoin not seen since 2018! This is significant.
The MACD is also bullish, but momentum is a bit weak for buyers right now. Best to be patient here and wait for a clear signal.
I am neutral on this price action and we need more time to get a sense of the next direction vs BTC.
Like and follow if you liked my idea!
📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
