I've been looking at Kyber Network (KNC) on Binance for a while now. I've been receiving messages asking me to review this coin many times, so I always kept my eyes on the chart waiting for the right signals to trade this coin. So are the signals there? Let's take a look at just a few of those... Note: Before we even get started... Please allow time for this...
KNC is approching buy zone. It is a big support and we have a bull div on 12h chart. Potential reversal zone.
From my previous idea KNC did a rebound but it didn't hold and continued to fall. I still don't really know why it's dumping this hard compared to other coins. From what I see, we have 2 supports lines and we already touched once the first one. We've broken the first downtrend, but we're still not in a uptrend, although the fall is now slower. We can be in a...
The cryptocurrency KyberNetwork KNCBTC is located at the 61% lifting of Fibonacci after an unsuccessful attempt to break above the key resistance zone at 49140 - 53978. The current support for the price is at 20,000 and has already been slightly affected. Apart from that, there is no explicit demand response at this level, so further declines towards level 14396...
KNC took a huge dip in the last week, but right now I see a potential cup and handle forming. Unlike most alt coins out there, Kyber Network have a solid product that actually exists, and a great team to back it up. With the rise of exchange hacks, their decentralised exchange is actually useful, and will only get better. Keep an eye out for this one, it's...
I was asked to run a chart on KNC, this one is for Binance. It is on a heavy downtrend at the moment. Its riding the bottom bollinger band with a large bearish candle and RSI is below 30% which shows signs of it being oversold. The oversold RSI can be a sign there is a reversal soon, though if I were to buy in, I would wait until RSI goes positive and we see...
KyberNetwork FA is great and will be holding this bag for the rest of this year. I have started a small position at current price and will average down. Bids at green boxes set.
The Price action is reaching a support level at 0.0028 with respect to ETH. It has bounced back from this level on multiple occasions and might present a good buying opportunity. Stoploss should be below the support line.
Red and orange channels coincide at 0.618 Fib level. Also, on 20 MA, volume is increasing slightly and RSI sub 30. If that support is not breached, a rise can be expected to at least orange channel resistance. There is also a bullish divergence as noted by glencastleberrry ().
RSI increasing while creating lower lows. Bullish divergence evident on 2hour chart. Expect upwards motion. Profit Target 1 is at 61 fib retracement. Trading channel should then be between 61 fib retracement and profit target 2 once 61fib retracement becomes support.
People been talking to Kyber though its been on a hard downtrend. One thing about this chart even with ll the sell signals, its hittig bottom of the fib chart and the bottom Bollinger band. If your feeling risky and like to buy on the bottom this may be a good choice. Until we see if there will be a bounce near the bottom wont have a good idea when it will bounce back.
Highly anticipated Mainnet Test launch Upcoming in Two days; This could Get interesting. Trend Based Fib Analysis - Check C+H Formation - Check Target level - .00077357 Surf waves not Facebook
KNC was one of the better performing coins during the fall last months. It's trying to go back into the upward channel.