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Cryptoknowmics 2022-03-07 07:42:51

KCS Technical Analysis: Buyers Struggling To Withhold 200-day EMA

KCS coin price fails to surpass the $21 mark resulting in a retracement to the 200-day EMA. Will bears blast through the EMA again? Key technical points: KCS coin price retraces to the 200-day EMA close to $17. The Stochastic RSI hints at the end of the bear cycle. The 24-hour trading volume in the KuCoin is $4.94 Million, indicating a negligible rise of 1.90%. Past Performance of KCS KCS price continues the sideways movement between $17.75 and $21 with the recent downfall of 15% last week. The consolidation range makes the 50 and 100-day EMAs move sideways, which may give a bearish crossover as the downtrend gains momentum. However, the price rests at the support confluence of the 200-day EMA and $17.75. Source-Tradingview KCS Technical Analysis KCS prices will face a downfall of almost 15% with the 200-day EMA fallout that will reach the $15 mark. Moreover, the overnight fall of 2.85% creates a bearish engulfing candle that increases the chances of a downfall. With the increasing selling pressure, the 50 and 100-day will shortly result in a bearish crossover. Moreover, the altcoin crossing below the trend defining 200-day EMA will mark a selling point. RSI Indicator: The RSI slope continues a sideways movement and tests the support of 40%. Despite multiple support at $17.75, no significant divergence indicates a bullish jump. Stochastic RSI Indicator: The K and D lines enter the oversold zone and show a reversal that may sho...

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