On the 2 hours chart, the price is trending slightly above the 55 EMA which acts as a strong dynamic support (yellow). Beside that the price is now forming a strong bullish falling wedges. This is however could be the action to complete ABC zig zag correction structure. I will only catch the B wave which align with the golden pocket zone as well before shorting...
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...
#knc price made a good pump after we saw the price hit $1.006 support and went up to $1.9 resistance. currently we can see the price sitting at the 1.69 zone, a further movement upto $1.75 would trigger a further dump till 1.54 and if this level isnt protected by the bulls, then expect more dump till 1.3 support level.
KNC formed nice ABC correction, wave C is nice ending diagonal (falling wedge), so only question is, if we break swing high right now, or we will be rejected of that trendline and go a little lower. I am already in LONG.
💬 Kyber Network (KNCUSDT), also known as Kyber Network Crystal (a Star Wars reference), has been on a rip recently. Being the native token of a popular DEX that somewhat recently starting trading on major exchanges, there is some reason to be bullish on this beyond this chart!
The question here today is this, can the bulls force push us out of this range, or will...
Hi friends hope you are doing well and welcome to the new update on Kyber Network. The KNC has surged more than 930%. Therefore in today’s post we will try to have complete analysis how how the KNC surged and what the price action can do next.
A big butterfly move:
Last year in September 2019 I posted in article on tradingview. Where I revlealed that the price...
