BINANCE:KNCBTC   Kyber Network / Bitcoin
Knc expected trade setup after retrace around 61.8 region.
Comment: #KNCBTC is down 12% after the 50DMA rejection yesterday.

Buy, if the support confluence region around 1400 holds, comprising of the trendline, 10DMA and 4H 50 sma levels.

4H 50 sma(blue) is strong support for $KNC

Target 1: Trendline resistance
Target 2: 61.8fib
Stop: 1200

Comments

Hey Rahul, I don't have much experience trading but can I ask, would this pattern not more likely head down after forming this huge head an shoulders pattern? Look forward to your reply.
Reply
Great setup Rahul. Easy and On Point...
+1 Reply
rajista Afsar_Ali
@Afsar_Ali, thank you.
Reply
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