Fundamental Analysis:
Kyber Network is a hub of liquidity protocols that aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (DApp). The main goal of Kyber Network is to enable DeFi DApps, decentralized exchanges (DEXs) and other users easy access to liquidity pools that provide the best...
as it has already passed the accumulation zone, even once had touched its ATH,
currently in the supply zone so we can be very bullish about KNC
the TP has been defined by Fibonacci projection of its impulsive bullish cycle
and it seems to be at a good place to buy it,
what do you think?
My first check about project is simple : if i see they are listed on Coinbase + Kraken, it could means they have a good potential, for me if a project is listed only on Binance, is not enough, that said it does not mean the project is bad or will fail, but more premiums exchanges list it = more credibility. Kyber is listed everywhere.
What Is Kyber Network...
Kyber has an interesting price pattern within the respective Fibonacci circle
Topping out at a fib level only to return to the one before it
If this continues red oval is price target
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.
On two weeks chart after a long time at last the 25SMA has crossed down the priceline to lift the price up very soon insha Allah.
Therefore I have defined the buying zone between 0.886 to 1.13 fibonacci.
The bearish shark with all required dimensions from X to C legs is formed soon when the 25MA will lift the pirce action up the formation of C to D leg will be...
Technical analysis:
. KYBERNETWORK/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 57.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the beginning of uptrend is increased.
Trading suggestion:
. We...
Technical analysis:
. KYBERNETWORK/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 57.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the beginning of uptrend is increased.
Trading suggestion:
. We...
Technical analysis:
. KYBERNETWORK/DOLLAR is in a downtrend and resumption of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (1.4325 to 0.7844). if so, traders can set orders based on...
