julio24albert

This is the coin you must not ignore! To the moon we go..

Long
BINANCE:KNCUSDT.P   Kyber Network / TetherUS PERPETUAL CONTRACT
It's a must we put an eye to KNC as the most hottest coin in our radar. The price has shown us a strong bounce from the cycle's low at the area around $1.127 which is the psychological level on current structure.

We decide to put some of the eggs into this basket as we see the previous fractals occurred almost similar action right around this region which when the price reached this region, there were huge bounce occurred with significant percentage gain.

1. First bounce occurred on January 28th, 2021 which the price spiked to the area of $4.323 which produce 248% gain.

2. Second bounce occurred on June 21st, 2021 which the price spiked to the area of $2.376 which produce 113% gain.

3. Third bounce occurred on January 7th, 2022 which the price spiked to the area of $5.737 as the ATH which produce 370% gain.

4. Fourth bounce occurred on May 12, 2021 which the price spiked to the area of $2.8 which produce 141% gain.

Based on all the fractals occurred in the past, we decide to start accumulating now and expect the price to spike at least 100% bounce from the lowest price level which we also use the Fibonacci retracement tools as the guidance to take profit. Whenever we see the price corrects lower, we will add more of KNC as the averaging strategy. But we will also sell it in stop once current psychological level has been broken down.

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.