KuCoin token made fake breakout of Resistance Level $21, my plan
Hello TradingView community and my subscribers, please if you like ideas do not forget to support it with your like and comment, thank you so much and we will start.
Today I want talk with you about KCS chart.
Here you can check my previous idea where I wrote that KCS will continue to grow and you can see how price grew up from 18 to 21 USD.
Now I see a fake breakout on KCS chart and see 2 scenario.
First scenario is if price will continue to grow right now, without any pullbacks.
In this case we can call this breakdown like breakdown with retest.
Second scenario is when price will make correction to zone around 19 USD and current support line.
In second scenario we will see a fake breakout and downward movement to bottom part of this “triangle”
Both scenarios is possible we need to wait, but anyway I’m waiting KCS higher.
So, I’m waiting for this scenario.
This is my opinion, I really hope this will be useful for you.
Be ready and take care your money. Have a great profit !


