We continue to publish a weekly column of public investing in cryptocurrency KCS Kucoin.
Why we chose this particular token you can read in our previous forecasts of this section using the search on the website.
Today the position shows +16%, but we are not fixing this profit as it is a long-term investment.
Also the stop on the position is still unchanged – $14.24, because there is a possibility of price correction on the BTCUSDT chart
KCS cryptocurrency plans a correction
It is very likely that the KCS cryptocurrency chart will also see a price correction.
If the correction will not be lower than $17.66, then, firstly, it will indicate the super strength of the buyer and accordingly the prospects of a strong growth trend in the future. In that case the take profit target will be shifted to $42.8.
Secondly, it will be a very tasty bargain for those who did not manage to buy KCS.
If the correction goes lower than $17.66, but within the growth channel, ie roughly speaking above $15, the fixing low price target will be about $34 for the KCS.
By the way, we drew a dynamic growth channel on the chart, so that it was more clearly visible how the price moves up, taking into account the dynamic support and resistance levels.