KCS/USDT 4h
The asset is locally in a growing trend for the second month since 30.09.2021 from the price of $9.55.
Now we see a resistance level at a price of $28, the first time we tested it on 11/15/2021, they could not break through and today, 11/25/2021, we can most likely see the same scenario.
When the asset breaks the level of $24 and 50EMA concurrently, it will be a strong signal for the beginning of the correction.
If you love and know how to trade a fall, then I would trade a short position and would not miss this opportunity, but I definitely put stops at the level of $28.4.
If you like to long, I would catch an asset on a correction at a price of $18.5, concurrently with 365EMA, but maybe even $16 (if the "black swan" arrives) and prices will crash dramatically.
Globally, I expect the bull market to continue until the end of this year, maybe even until the end of January 2022, but before that a correction is possible.
P.S. This is not financial advice or a call to action.
The asset is locally in a growing trend for the second month since 30.09.2021 from the price of $9.55.
Now we see a resistance level at a price of $28, the first time we tested it on 11/15/2021, they could not break through and today, 11/25/2021, we can most likely see the same scenario.
When the asset breaks the level of $24 and 50EMA concurrently, it will be a strong signal for the beginning of the correction.
If you love and know how to trade a fall, then I would trade a short position and would not miss this opportunity, but I definitely put stops at the level of $28.4.
If you like to long, I would catch an asset on a correction at a price of $18.5, concurrently with 365EMA, but maybe even $16 (if the "black swan" arrives) and prices will crash dramatically.
Globally, I expect the bull market to continue until the end of this year, maybe even until the end of January 2022, but before that a correction is possible.
P.S. This is not financial advice or a call to action.