ForecastCity

Kyber Network would probably resume its uptrend again

Long
BINANCE:KNCUSD   Kyber Network / US Dollar (calculated by TradingView)
Technical analysis:
. KYBERNETWORK/DOLLAR is in a downtrend and resumption of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.

Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (1.4325 to 0.7844). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

. Beginning of entry zone (1.4325)
. Ending of entry zone (0.7844)

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 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= @ 1.9035
TP2= @ 2.3837
TP3= @ 3.0162
TP4= @ 4.1617
TP5= @ 5.3674
TP6= Free

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