<strong><em>KCS price shows a post-retest reversal rally from the $15 mark resulting in the breakout of $17. Will the reversal rally reach $20?</em></strong>

Key technical points:
<ul>
 	<li>The KCS market value increased by 3.54% in the last 24 hours.</li>
 	<li>Price action shows a triple white soldiers pattern.</li>
 	<li>The 24-hour trading volume of Kucoin is $7.54 Million, indicating a drop of 3.79%.</li>
</ul>
<h2><strong>Past Performance of KCS</strong></h2>
KCS prices showcased a sharp V-shaped reversal from the $9.45 mark resulting in the $15 and the 50 DMA breakout within a week. The bullish rally regains momentum after retesting the DMA breakout and friends another higher low at $15 to reach the resistance level at $17.

<img src="https://s3.tradingview.com/snapshots/c/C8szgxMu.png" alt="TradingView Chart" />

<strong>Source- </strong><a href="https://www.tradingview.com/x/C8szgxMu/" target="_blank" rel="noopener">Tradingview</a>
<h2>KCS Technical Analysis</h2>
The ongoing bullish rally shows a daily candle with significantly lower price rejection near the $17 resistance signaling a bullish resurgence. Thus, the price action shows a high probability of an uptrend continuation to reach the next psychological level of $20. The Daily Moving Averages – 20, 100, and 200-days maintain a bearish alignment, but a bullish reversal can be seen as the prices surpass the 50 DMA to reach the 200 DMA.

The RSI indicator shows that the slope rises above the 14-day average and the halfway mark entering the nearly overbought zone. Additionally, the MACD indicator displays a rising trend in the histograms after the short resting phase fueling the uptrend in the MACD and signal lines approaching the zero line. In a nutshell, the KCS technical analysis shows a bullish journey gaining momentum and ready to head higher.
<h2>Upcoming Trend</h2>
If the <a href="https://www.cryptoknowmics.com/news/kcs-technical-analysis-bearish-pattern-emerges-as-buyers-retreat/">KCS</a> price continues the bullish journey, the uptrend will surpass the $17 level and reach the psychological mark of $20 before the weekend. However, an unlikely reversal will result in a retracement to $15.

<b>Resistance Levels:</b> $18 and $20

<b>Support Levels:</b> $15 and $13

KCS Technical Analysis: High Momentum Reversal Surpasses $17

KCS technical analysis shows a post-retest reversal rally from the $15 mark resulting in the breakout of $17. Will the reversal rally reach $20?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

KCS Technical Analysis: High Momentum Reversal Surpasses $17

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