KuCoin: Another Corrective Pattern Before The Big Movement

KuCoin: Another Corrective Pattern Before The Big Movement

In fact, the price is close to a critical area as it is testing the top trend line of the "Wedge Pattern"
and the correction is getting bigger.

So we are in front of two possible scenarios.
Scenario 1:
The price can continue to move higher than it is now and may reach our targets.

Scenario 2:
The price can make a pullback before it moves above the resistance trend line.

For the current model, I am building my assumption based on the previous two models, that the model can be completed very quickly as an ABC wave correction.
The previous two bullish patterns highlighted in the chart were formed with ABC wave corrections.


Short Term Targets:
23.50
27.50

Medium-Term Targets:
32. 40
35.00
45.30

My long-term view on KCS is bullish and this is very strong crypto.

Thank you and Good Luck!