ProficientForex

KNCBTC-The formation of a very strong uptrend in 3 / C wave

BINANCE:KNCBTC   Kyber Network / Bitcoin
In the daily chart , the first 5 ascending waves have been completed in the range of 21818 (1 / A), and its corrective movement has been completed in the range of 2210 with 3 descending waves.
By breaking the downtrend line, we can consider it as the advent of an uptrend in the 3 / C wave, however, we can receive the main confirmation when the price crosses the range of 7025, which is the end of wave iv.
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