*** Kyber Network is a very old project based on ETH network and with the recent growing interest in DeFi, they also transformed as a DeFi project.
This is one of the very first project from 2017/18 along side with projects like Komodo Plattform where you could swap your tokens.
Which we are doing now a days with UniSwap and other dozens of swap...
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I recommend entering a long position in the idea that the ultimate goal is to replace cash in society if you're an investor. As per Bitcoin cash's ultimate goal to achieve 'mankind scale, 50 transactions a day for 10 billion humans',
coins such as Litecoin, Bitcoin, Bitcoin Cash hold massive potential.
Kyber and 0x are not very applicable in this area, however it...
KNC will hit 9000sts zone soon but it has big chance to make an adjustment to 7000sts first. 7000sts is good zone to start accumulating.
But remember, if KNC drops below 5500sts, its trend will be failed.
Kyber looks close to bottom if not already been there. Been waiting for weeks for 200 SMA to Cross the 314 SMA. Looks very near. Little overhead resistance. Couple that with staking announcement any day now we might be looking for an rocket ship. Team looks good. Lot of players in the market but they standout for many reasons for big investors. Not saying it can...
Kyber looking sexy, forming a bullflag on the weekly chart, and currently sitting above a trend resistance lined turned support, this support in turn could act still as a resistance. I recommend indicator 'trend lines' for identifying trend lines and calling these moonshots, anythings possible.
KNC
I'm liking this on the weekly. Price managed to close above the 0.25/POC level. As long as we keep above this, I'd look to target the midpoint (EQ) from here at 5.9K sats.
The KyberNetwork is moving within a pennant and since dec 2017 the support of the pennant cannot be broken even after 6 hits on the support.
At the moment the price action is again hitting the support of the pennant but this time it is also at 1.13 fibonacci of bearish shark pattern and due to the strong support of pattern the price action will not move more than...
Technical analysis:
. KyberNetwork/BITCOIN is in a range bound and Resumption of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Trading suggestion:
. The price is in a range bound, but we forecast the uptrend would resume.
. There is a possibility of temporary retracement to suggested...
