KNC/BTC 1D (Binance) Channels & triangle on support
TA: Kyber Network is facing mid-line of big descending parallel channel and also small ascending channel support. It's also forming an "almost" symmetrical triangle.
FA: KyberDAO allows you to stake, vote and claim rewards, it will probably become the primary liquidity endpoint that the DeFi ecosystem can rely on.
Current Price= 0.00007070
Buy Entry= 0.00006977 - 0.00006517
Take Profit= 0.00008598 | 0.00010089 | 0.00012612
Stop Loss= 0.00004896
Risk/Reward= 1:1 | 1:1.81 | 1:3.17
Expected Profit= 27.43% | 49.53% | 86.93%
Possible Loss= -27.43%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1080h
FA: KyberDAO allows you to stake, vote and claim rewards, it will probably become the primary liquidity endpoint that the DeFi ecosystem can rely on.
Current Price= 0.00007070
Buy Entry= 0.00006977 - 0.00006517
Take Profit= 0.00008598 | 0.00010089 | 0.00012612
Stop Loss= 0.00004896
Risk/Reward= 1:1 | 1:1.81 | 1:3.17
Expected Profit= 27.43% | 49.53% | 86.93%
Possible Loss= -27.43%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1080h
Trade active:
Already going up.
Comment:
By the way, this was the weekly view so you can understand better:
Trade closed: target reached:
TP1 reached with +27.43% profit, took some here and wait for higher targets now.
Trade closed: target reached:
TP2 reached with +49.53% profit.
Now facing mid-line channel resistance but triangle broke out so last target is still valid!
Now facing mid-line channel resistance but triangle broke out so last target is still valid!
Trade closed: target reached:
And that's a wrap, last target reached (TP3) with +86.93% profit without leverage in two weeks, isn't it great?!
