ForecastCity
Long

There is a possibility for the beginning of an uptrend in KNCBTC

BINANCE:KNCBTC   KyberNetwork / Bitcoin
Technical analysis:
. KyberNetwork/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.

Trading suggestion:
. Price is in the support zone (0.000064 to 0.000054), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

Beginning of entry zone (0.000064)
Ending of entry zone (0.000054)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:

Take Profits:
TP1= @ 0.00008680
TP2= @ 0.00010000
TP3= @ 0.00011750
TP4= @ 0.00013140
TP5= @ 0.00015900
TP6= @ 0.00018700
TP7= @ 0.00020600
TP8= @ 0.00023530
TP9= @ 0.00027380
TP10= @ 0.00033470
TP11= @ 0.00044000
TP12= Free
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