Kyber Network (KNC) vs BTC

Bearish divergence observed between price action and RSI on 1-day chart. 3-day chart below show's us a loss of RSI support.

4500 sats is my target


3-day chart:

Comment:

Progressing very nicely. At least another 20% drop ahead.

Comment:

1-day chart with two moving averages, 150 & 600-day, effectively the 50 & 200-day moving averages on the 3-day chart. There's a 3-day life cross approaching around mid-May. I recommend you do not keep this 'short' position open by that time. When this life cross occurs, price action will very likely moon.

Trade closed: target reached