The KyberNetwork is moving within a pennant and since dec 2017 the support of the pennant cannot be broken even after 6 hits on the support.
At the moment the price action is again hitting the support of the pennant but this time it is also at 1.13 fibonacci of bearish shark pattern and due to the strong support of pattern the price action will not move more than this 1.13 fibonacci therefore I am taking the buying zone from 0.886 to 1.13 fibonacci rather than 1.13 to 1.618 fibonacci.
We have also pivot 1st support just beneath the pennant's support.
The formation of C to D leg will be started soon insha Allah.
The targets are:
Buy between: 0.00001410 to 0.00010653
Sell targets:
For secure targets sell between: 0.00027611 to 0.00055322
For aggressive targets sell between: 0.00062750 to 0.00078300
Regards,
Atif Akbar (moon333)
At the moment the price action is again hitting the support of the pennant but this time it is also at 1.13 fibonacci of bearish shark pattern and due to the strong support of pattern the price action will not move more than this 1.13 fibonacci therefore I am taking the buying zone from 0.886 to 1.13 fibonacci rather than 1.13 to 1.618 fibonacci.
We have also pivot 1st support just beneath the pennant's support.
The formation of C to D leg will be started soon insha Allah.
The targets are:
Buy between: 0.00001410 to 0.00010653
Sell targets:
For secure targets sell between: 0.00027611 to 0.00055322
For aggressive targets sell between: 0.00062750 to 0.00078300
Regards,
Atif Akbar (moon333)
