Lucid_Liquidity

KNCUSD DAILY ASCENDING TRIANGLE READY TO BREAKOUT!!

Long
COINBASE:KNCUSD   KNC/USD
Everything is pointing in that direction. This type of ascending triangle pattern is a continuation. It is Printing higher highs and lower highs. The RSI on the daily is Bullish . The STOCHS just crossed over bullish on the daily. The ADX just crossed bullish but needs a little more work and I like how the 50 DAY EMA is holding up the lower highs and how it lines up with the bottom trend line here looking to take KNC up to a new High.

Comments

Also, I would say baseline could be risen to $2.05 since it was exactly hit twice to the tick, no more no less
+2 Reply
Lucid_Liquidity TF-Trader141
@TF-Trader141, Sure you could do that. As a rule of thumb I always visualize a resistance or support level at the bodies of the candles and the tops of the wicks of the candles. That is why I place it half way as well
+1 Reply
TF-Trader141 TF-Trader141
@Lucid_Liquidity understood
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nice triangle
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Finally someone else who has the same chart idea as me for KNC/USD. What is your measure move to the upside target? I can see the downside but not the upside.
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GeVRuaHx20 TF-Trader141
@TF-Trader141, I agree with this TA too. From what I understand, a flag pole is usually the same measured move. So maybe $1.30 to the upside? Around $2.90-3.20
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Lucid_Liquidity TF-Trader141
@TF-Trader141, Around 2.90 to 3.00 is the target to the upside.

You can press play and you can drag the chart around as well. Sorry about that.
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Lucid_Liquidity TF-Trader141
@TF-Trader141, I see higher lows and with a resistance level flattening out making it way to the apex. The 7th touch should be at the resistance level when it breaks out.
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TF-Trader141 TF-Trader141
@Lucid_Liquidity could see it pump higher due to FOMO like OMG and OXT. Both pumped beyond reasoning.
+2 Reply
Moon_Trader TF-Trader141
@TF-Trader141, $10 is not impossible :)
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