KuCoin Shares (KCS) - Nice breakout from prior low. This one can run for a while and even be in a full uptrend targeting 1000 dollars from 3.26 dollars
money·@phisight·
0.000 HBDKuCoin Shares (KCS) - Nice breakout from prior low. This one can run for a while and even be in a full uptrend targeting 1000 dollars from 3.26 dollars
I am an Elliotician, and I have been perfecting my craft over several years of trading. I construct my own analysis and trade my own charts. I have a PhD in Engineering, so I love to research and learn, and share my learning and work with others. I love Elliot wave principle, and blend it with standard TA as well as, where possible, FA to get an edge, which I am looking forward to share with you on a regular basis. I would appreciate your feedback and support so please don't hesitate to reach out to me. Here is my KCS/USD or KuCoin pattern: .png) If we zoom into the 1 hr chart, we can see the subwaves of the corrective move ongoing (the smaller bull flag) very clearly: .png) A final few squiggles seem to be left, and the price should turn up strongly from around the 3.26 level, or even as far as the 2.93 level. Stop is below the 78.6% retrace at 2.51. Below 2.5 and I'd say abort the trade, move on and wait for another trade. When price turns up from the above cited levels, minimum target is 6-8 dollars, and if it blows through the resistance zone shown on the chart (8-14$) then this is a rocket going to 1000 dollars orbit! Please follow cited stops always -- and trade with the calculation that if the analysis is wrong, the losses one takes should be miniscule compared to the overall portfolio. Live to trade another day! There is always another trade coming! Note: you can right-click and open charts in new tab to see them at full size -- they are quite large and clear. Hope this chart is/will be useful. 