KCS is the native token of KuCoin, which was launched back in 2017 as a profit-sharing token that allows traders to draw value from the exchange. Interestingly, KCS Bonus is regarded as one of the best ways to get passive income. Users who hold more than 6 KCS can get a daily dividend, which comes from 50% of KuCoin's daily trading fee revenue.

Let us <a href="https://www.cryptoknowmics.com/news/kcs-technical-analysis-price-may-rise-high-enough-to-reach-an-all-time-high-level/">look at the technical analysis</a> of KCS.
<h2><b>Past Performance</b></h2>
KCS opened at $18.32 on November 2, 2021. It closed at $23.49 on November 8, 2021. This was a weekly change of 28.22%. The 24-hr low was $21.02 and the 24-hr high was $25.01. Moreover, $25.01 is also the new all-time high for KCS.

<img class="tv-snapshot-image" src="https://s3.tradingview.com/snapshots/o/O1VR3p40.png" alt="TradingView Chart" />

Source: <a href="https://www.tradingview.com/x/O1VR3p40/">https://www.tradingview.com/x/O1VR3p40/</a>
<h2><b>KCS Technical Analysis</b></h2>
The KCS price chart is on an uptrend for about a month now. Recently the price has successfully crossed resistances at $18.786 and $20. The current trading price of KCS is $23.147, which is 1.3% lower than yesterday’s close. This can be a bearish signal. Let us see what the indicators have to show:

The <strong>OBV graphs</strong> movement is similar to that of the price chart. It is showing a dip at the end of the graph, meaning that the selling pressure is beginning to dominate the buying pressure. This can be red flag signaling traders to take a short position.

The <strong>RSI</strong> has just entered the overbought region, and hence it is not surprising to see the bulls losing confidence in the market. RSI is currently at 75.49%.

The <strong>MACD graph</strong> is showing that the fast line has just rebounded before a bearish crossover. This is a neutral signal from the MACD graph, signaling traders to hold their current positions.

Kucoin made an announcement yesterday on its website that “KuCoin is extremely proud to announce yet another great project coming to our trading platform. Project SEED (SHILL) will be available on KuCoin. Supported trading pair is SHILL/USDT.”

Also, to support the ecological development of Polkadot, KuCoin has officially launched the Polkadot Slot Auction on November 8, 2021 (UTC).
<h2><b>Day-Ahead and Tomorrow</b></h2>
The indicators are giving neutral or negative signals. Thus, the KCS traders may hold their current position while being alert for a trend reversal. Meanwhile, they can keep a stop-loss at $19.99. However, if the uptrend continues, it is expected to reach at least $27.5 in the coming days.

The previous support by the trend was taken at the Fib pivot at $18.21. Currently, the Fib level at $24.33 is being tested.

KCS Technical Analysis: Price Has Successfully Crossed Resistances at $18.786 and $20

KuCoin (KCS) indicators are giving neutral or negative signals. Thus, the traders may hold their current position while being alert for a trend reversal. Meanwhile, they can keep a stoploss at $19.99. However, if the uptrend continues, it is expected to reach at least $27.5 in the coming days. The previous support by the trend was taken at the Fib pivot at $18.21. Currently, the Fib level at $24.33 is being tested. 

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

KCS Technical Analysis: Price Has Successfully Crossed Resistances at $18.786 and $20

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