After some weeks on an accumulative zone. KNC is showing some clear indicators on the WEEKLY chart which suggest us that's very good time to buy if you aren't holding this coin yet.
- MACD is just crossing giving us a pretty buy signal - CCI could be turning into green on the next weeks ( green on other short-ranges ) - Stoch RSI confirming upside movement - RSI break downtrend , touched oversold zone and now going up
For me its clear this coin is going for the upside and it will need time to reach higher zone again, but if you are looking a very good risk/reward, that's the time.
Good luck
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Ascending triangle on 4 H. Expecting breakout to the upside....
@disturb22, Yes. Im not recommending SL for this trade because is for Long-Investiment.
For me , this coin is pretty on the base and its a very good investiment for long-term. Im very confident we will see higher prices than right now on the next months, and its possible to see any false flashcrash anytime on the way which would be breaking any SL.
If you want to play on short-term , you can set your stop loss below any weekly close 5700 sats. I only would be selling it if get delisted or got any hack news behind.
That's my own plan, look for the one which makes you comfortable