R2BTC2

Kyber slowly creeping out of the cloud

Long
BINANCE:KNCBTC   Kyber Network / Bitcoin
Hello dear readers,

Here we are looking at Kyber against the Bitcoin on the Daily chart . We are slowly creeping out of the Ichimoku cloud .
We are not out of the woods yet, but as long as we see steady growth of higher high's and higher low's, I am slowly entering into my position.

- From the lows of 0.00001300 untill now, we have already seen a 80% increase.
- From here to the next resistance, is the point of control on the weekly chart, 0.00003500. This means that it is the level at which the most volume is traded.
- The volume is increasing significantly, which we want to see as bullish confirmation.

My entry will be at: 0.00002400
My target will be at: 0.00003500
My stoploss will be at: 0.00002100

For a risk reward ratio of 4:1

Enjoy, Thumbs up if this was helpfull.

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