Image Source: Pexels

KuCoin with ticker KCSUSD is recovering in strong and impulsive fashion as expected. With broken channel resistance line on the weekly chart, seems like a higher degree A-B-C correction within wave IV can be completed and wave V underway.

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Looking at the daily chart, we still see it unfolding a five-wave impulse within wave A/1 with room up to 9 – 10 area before we will see a pullback in B/2 and continuation higher for a higher degree wave C/3, so more upside is in view after any decline.

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