The Kyber Network Crystal (KNC) coin is currently in an accumulation range between $0.4634 and $0.929 on the weekly timeframe.
Based on the upward trend and approaching the range ceiling, confirmation of the price trend by daily and weekly RSI, and the RSI entering the overbought zone on the daily timeframe, there is a possibility of breaking the weekly box ceiling if the overall market uptrend continues and Bitcoin dominance decreases.
Therefore, this coin can be an option for spot and futures trading, and the suggested entry price is $0.929 for spot and $0.887 for futures.
The appropriate stop loss for spot is the $0.536 range and for futures it can be the $0.84 range.
Important Notes:
This analysis is for informational purposes only and does not constitute a buy or sell signal.
Do your own research and use a proper risk management strategy before any trading.
Based on the upward trend and approaching the range ceiling, confirmation of the price trend by daily and weekly RSI, and the RSI entering the overbought zone on the daily timeframe, there is a possibility of breaking the weekly box ceiling if the overall market uptrend continues and Bitcoin dominance decreases.
Therefore, this coin can be an option for spot and futures trading, and the suggested entry price is $0.929 for spot and $0.887 for futures.
The appropriate stop loss for spot is the $0.536 range and for futures it can be the $0.84 range.
Important Notes:
This analysis is for informational purposes only and does not constitute a buy or sell signal.
Do your own research and use a proper risk management strategy before any trading.