The KCS technical analysis displays a bullish breakout of a descending triangle challenging the 50-day EMA. Will the breakout rally reach $10? The KCS price action shows a bullish breakout of a descending triangle in the daily chart. Furthermore, the breakout rally challenges the 50-day EMA close to the $9.3 resistance trendline. On the other hand, the higher price rejection in the daily candle reflects a retest possibility which might drop the prices under the trendline. Key Points: The increased bearish influence over the daily candle reflects a high possibility of a bullish failure. A 50-day EMA breakout rally will The post KCS Technical Analysis: Will Triangle Breakout Surpass This EMA? appeared first on Cryptoknowmics-Crypto News and Media Platform.
