KNC has seen some price pain in the past couple of months, but with similar projects such as KAVA and CELR having made big moves, I believe KNC will follow along.
We can see that KNC had a nice run up in 2020, and right now we are looking for a continuation of this previous trend.
To me, we are starting another run, and it looks like KNC is at the same point that it was back at the beginning of 2020 (circled on the chart).
There is some resistance right above KNC right now at .00006500 to .00007500, and a break of this area could send KNC quickly up to the next resistance area (pink rectangle ) representing a 90-100% move.
Support is at .00005400, then the .00004500 - .00004700 area.
Any questions?
Good luck traders
Remember not to break your rules
Habib
We can see that KNC had a nice run up in 2020, and right now we are looking for a continuation of this previous trend.
To me, we are starting another run, and it looks like KNC is at the same point that it was back at the beginning of 2020 (circled on the chart).
There is some resistance right above KNC right now at .00006500 to .00007500, and a break of this area could send KNC quickly up to the next resistance area (pink rectangle ) representing a 90-100% move.
Support is at .00005400, then the .00004500 - .00004700 area.
Any questions?
Good luck traders
Remember not to break your rules
Habib