BINANCE:KNCBTC   Kyber Network / Bitcoin
2 scenarios, option 1 is in orange. itll break thru the resistance and go for the purple targets. or option 2 itll reject from resistance at about 10% and come back to support before going to the purple targets. set stoploss below the previous swing low which is in red. this is not a fast trade. it looks like itll be about a 2 month hold

these targets are not promised. sometimes price only goes up half way and back down to support. also the price will not go straight up, itll zig zag its way up. so dont panic sell if the price goes down a bit. as soon as you see the high is lower and the low is lower then you can sell because itll probably trend back down. if the high was lower and the high is high again then you know we will continue to trend up to the top

trailing your stop loss everyday is a good idea too. but dont trail too tight before the stop hits and goes back up.

Comments

sooooo this is bad right?
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interesting analysis . appreciate your comment about lower highs & lower lows
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GoodJob
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