Sidders

KNC - bullish falling wedge taking us higher?

Long
KRAKEN:KNCUSD   Kyber Network
To keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome.

Trend = bullish (HH/HLs)

Notes:
- Forming falling wedge on 4H
- Close to weekly support levels, previous touch bounced beautifully
- 20 EMA been acting as point of support
- Price retraced to golden fib zone

Ideas:
- Looking for breakout of wedge. Falling wedge in uptrend = bullish, so expecting break upwards

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.