KCS price showcases a bullish reversal rally losing momentum as it struggles to sustain above the crucial EMAs in the 4-hour chart. Key technical points: KCS prices have increased by 3.03% in the last 24 hours. The Stochastic RSI shows a bearish crossover. The 24-hour trading volume of KuCoin is $11.19 Million, reflecting a 31% rise. Past Performance of KCS KCS prices showcase a V-shaped reversal from the psychological level of $10 after the 33% downfall from the $15 mark. The sharp reversal from the crucial level starts a series of higher low formations leading to the generation of a support trendline. Moreover, the uptrend breaks above the 50 and 100 EMA in the 4-hour chart. Source-Tradingview KCS Technical Analysis KCS price action shows a weakness in the uptrend as it approaches the 200 EMA and forms a bearish engulfing candle. This reverts the prices back to the support trendline and the $15 mark. Furthermore, the ascending resistance trendline keeps the bullish growth in check and forms higher highs and higher lows with a contracting range. This pattern is generally called a rising wedge pattern and hints at a reversal in the uptrend. The bearish alignment of the falling EMAs, achieved under the influence of the bear cycle, reflects a solid downtrend in action. The RSI slope fails to create higher highs to match the price action, leading to a bearish divergence. This increases the chances of a downfall below the support ...
