KNC had a good run, just look at how it kept on pumping in the past 48 hours. But it got rejected at the resistance area which is shown on the chart. There are 3 supports on the way down, but I don't think it can be that strong since Bitcoin reached 60K as I'm publishing this idea. All eyes are on BTC and ETH right now so altcoins like this are gonna hold back...
(113%) Kyber Nerwork (KNC) - now is on sky rocketing. It is good time to BUY at price - $3, Stop Loss - $1.85, Take Profit - $6.4. Good Luck.
ANALYSIS 🔎 - KNCUSDT brokeout above the double bottom neckline resistance. - Price hit an ATH and retraced. - Price is retesting the neckline resistance (flip horizontal support) and key fibonacci retracement levels (0.5 - 0.618 - 0.786). - There's a relatively high concentration of buyers at this retest zone (High buying pressure). - The retracement is resisted...
The volume is low, so I don´t expect the yellow path, but the purple path to be more likely. If anything is not clear, feel free to ask. No financial advice - good luck
Fundamentally we have the 3rd release of Kybers network/protocol on the way - and the current DeFi app is very good as it is... it is a fully on-chain liquidity protocol for seamless token swaps Very bullish tweet from @KyberNetwork - Read this #DeFi research report by the Federal Reserve Bank of St. Louis @stlouisfed which includes an explanantion on smart...
Trying to observe KNC as it is forming a bulling pennant. I am posting this as I am learning how to read patterns and form. Will revisit this in the future.
Hello traders. We are also paying attention to KNC/BTC witch is breaking a bearish trend on the daily chart But we must be careful with altcoins at this moment, considering the BTC is recovering some market cap, and if we break 16,600 our next target will be 20k So we expect altcoins to slump as BTC continues the uptrend movement Our box is an excellent entry...
Oscillators indicate strong buying signals for Kyber Network on the KNC/BTC chart on the 1D and 3D TF. It seems like KNC has completed its correction and that it has found support on the red trend-line from where it has already bounced (see red line). There is strong bullish momentum for a pump up to 60% (entry between 0.00004924-0.00004956)! Swing Trade KNC-BTC...
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The current situation: 1. Price action is currently ranging in a symmetrical triangle pattern as seen on the hourly chart, with 63% chance of breaking to the upside. The measured target is about 1.03 USD. It is also above the daily 21MA, which it has not done since the selloff since September. 2. On the daily chart, there was double bullish divergence and it...
The current situation: 1. Price action has formed an apparent double-bottom pattern on the daily chart with the neckline at about 1.06 USD and the measured target to be about 1.3 USD Moving averages on the 4, 6, 12HR and daily charts are consolidating at about the 0.9 to 1 USD level, which in my opinion is a good sign as price action is tightening and a big move...
Current situation: 1. There were very bearish signs as I have mentioned in my previous, where there was a head and shoulders pattern inside a bearish symmetrical triangle. The head and shoulders pattern broke out and met its measured target. Now, the price action is being supported by the daily 200 moving average. But the symmetrical triangle was broken as well...
The current situation: 1. On the 4HR chart, there is a head and shoulders pattern apparent with the neckline at about 1.18 and it seems like price action has already broken through that neckline currently. The measured move is about 1.02, which is also where the daily 200 moving average is and can act as support for the breakdown. Also, if we zoom out to the...
The current scenario: 1. Market structure: price action previously broke out of a symmetrical triangle with the measured target to be about 1.6 USD (see my previous posts) but have failed to reach the target. After being rejected by the 6HR 50 moving average, price action has gone to as low as 1.18 and now formed a bigger bearish symmetrical triangle. The upside...
The current situation: 1. Price action broke out of the smaller symmetrical triangle that should have been a continuation of the breakout of the larger symmetrical triangle on 9/9. The next level of resistance is the 6HR 50 moving average currently sitting at about 1.35 2. On the daily chart, it seems more apparent to me that this is indeed the recovery and I...
The bullish case: 1. Market structure: price action broke out of a bigger symmetrical triangle on 9/9 but has still yet to be reached as there are still quite a bit resistance levels to get over. Price action is now apparently in a smaller bullish symmetrical triangle, which has a 60% chance of breaking upwards. The level it needs to break out of in order for...
This is based on Bitcoin dropping from this 10k level, i think if we lose this level then most altcoins will follow. Could be a great time to pick up cheap coins.