KCSUSDT: An Interesting Crypto To Consider

Key Information:
KCS is the native token of KuCoin, which was launched back in 2017 as a utility token that allows traders to share the growth benefit of the exchange.
The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain.

So Let's see the technical perspective:
Since at the beginning of this year, this KCS token rose up in price approximately from $1 up to the top at $27.8
During this month November-21, the price made a new high again.
This confirmed a new structure higher and the continuation for more upside movement.

As long as the price made a new high we can suppose that from Feb-21 up to Apr-21 the price completed wave 1 of a bigger cycle.
Actually, we should be in the 3-rd wave of a lower cycle (in red) that should complete very soon the 3-rd wave of the bigger cycle (in blue)

I am expecting the price to complete this wave in the price area between $32.40 and $35.
That movement corresponds to an increase in the price from +53.55% to ++65.88%

This is only the conservative scenario as we may have also an aggressive wave that can extend itself up to the levels of the 5-the wave (in blue)
that I'm expecting and the price can double as well.

And this can be only the beginning...[b]

Targets:
32.40 or +53.55%
35.00 or +65.88%

Thank you and Good Luck!

Kommentera:

Closed one small part for +28%