I recently took two discretionary positions on KNC/USDT. In this analysis I've documented my thought process and execution sequentially from left to right in the call outs.
In these trades I used several methods of analysis.
1. Chart Patterns
My first trade entry was predicated upon a Rectangle Top Pattern I identified KNC forming. Rectangle Tops occur during...
It is clear and apparent by now that the current theme in crypto is DEFI.
Looking at all the biggest gainers, that include Aave, Compound, Synthetix and others. it doesn't matter, eventually everything RELATED to defi will go up.
This is the current theme in the crypto market.
So far this "bull market" is not broadening whatsoever. Bitcoin is still sleeping....
Kyber Network (KNC), a decentralized exchange protocol, surged over 50% on Saturday to $0.40, a price last seen in November. The breakout comes on the back of more than a month of gains following the release of the project’s 2019 roadmap at the end of January.
