KCS – Targeting 30.0
KuCoin Token / Tether KUCOIN:KCSUSDT
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last KCS analysis, we were waiting for a momentum candle close above the Daily and H4 inverse head and shoulders neckline to buy.
Now since we have our trigger (candle close above the neckline) => the textbook target for the head and shoulders pattern, is the purple projection, which is the same distance from the head to the neckline. Which happens to be the round number 30.0 and a resistance area .
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
