I do my research and technical analysis before I buy any asset or coin.
Anyways, no matter how good you might be sometimes things tend not to go as planned.
KCS has a plan to burn about 600k USDT worth of KCS this should give it quite push.
I like KCS, it is very promising and I see it as a new BNB, days ago it had quite a bullish run.
Same with RUNE, a great platform, the team is very good with MEMES, super promising token...what's not to like?
Let's see the charts!
BUT, before we do that! are all the authors super rich? I made a contest but it seemed like 5 LEOS were not worth since almost no one took part. Maybe I should do a 10 LEO contest? let me know in the comments below.
We broke strongly the massive bullish flag that confirms us that bulls took things in their hands now.
But what's next?
Let's take a closer look.
2.19 proved to be a quite significant support zone for KCS. The question is...will it hold?
I originally expected price to come back at 1.88 area for a retest, but also bought some at 2.07.
Looking at the 4hr TF we can see that price has dipped in the support zone and it's ranging there. We also formed a symmetrical triangle.
Do you know what usually happens when symmetrical triangles form?
Let me illustrate it for you.
What do I expect to happen next!
I would like to see that price broke above the symmetrical triangle. That would give me the confirmation to buy some more and hold it to the next stop which I expect to be around 4.6 area!
Rune
Rune got my attention lately!
I'd suggest anyone to check it out since that is one of the best investment for 2021. Got introduced to it by @khaleelkazi, so thank you a lot for that.
After a nice bullish run we are back testing support and accumulating buyers.
Price touched and spike strongly at the 3.36 area which proved it's significance quite a lot now.
At the moment price is holding above 3.69 area and we have a bullish flag pattern already formed.
What do I expect next?
I think that 3.69 area will hold and price will experience a impulsive bullish movement. I do expect price to reach 5.03 area in the following days but not only that. I think Rune will break strongly above it and retest on it. This would give us a confirmation that we will reach new highs. I do expect Rune to go as high as 10 this summer.
What are your expectations?
theatdhe!