Here is an early call. KyberNetwork (KNCBTC) just reached support and has high potential for a bounce around this area (current price).
Let's take a look at the chart:
Volume has come to a halt yet the price is dropping.
EMA100 is working as support. MA200 follows and the price is very likely to bounce here.
MA200 coincides with Fib. 0.786 retracement support from the last bullish wave. Almost all altcoins tend to bounce once they reach this retracement level.
KNCBTC can generate over 100% profits on its next bullish wave.
Conditions for change: A full candle close below MA200 would give additional momentum to the bears but it needs to be confirmed by good volume. With no volume on a drop, we would still be looking for a strong bounce to the upside.
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