Last week, we looked at the trading pair KCSUSDT on the global chart and weekly time frame.
By the number of likes and comments, we realized that you are interested in this trading instrument, so today we will look at its prospects on a smaller time frame.
For starters, we offer you to review our previous idea in order to understand our thinking globally:
And today let’s take a look at the chart on the daily time frame.
During the week the value of BTCUSDT fell by 10% (at the time of writing the idea) and the value of KCSUSDT fell by 10% too. Decent behavior and reaction as for the altcoin to the volatile maneuvers of BTC, usually altcoins lose much more on the fall than BTC.
In a previous idea we marked the $20-21 area as a tasty one for buying a mid-term investment position, since then the low was $20.74.
Since we still allow the possibility of updating the low of BTCUSD in the coming days, the possibility of KCSUSD coming down closer to $20 also has a chance to live.
Also, you can check how lucky man you are and place buckets to buy KCS in the liquid zone of $13-15 in case of sudden and unexpected spill of the whole cryptocurrency market (unfortunately or fortunately, such situations happen)
However, the global benchmarks for growth unchanged are $100-115