UnknownUnicorn17656915

KNC Poised for Breakout

Long
COINBASE:KNCUSD   Kyber Network
Trading above 20-period MA (4h) in a tight range after the sell-off.
RSI looks healthy again on the 4h, but daily still has plenty of room for growth.
This could pop at any moment.

Comment:
Things could be taking a slide for the worse here..wait to see how it plays out.
Comment:
Weekly
Let's zoom out a little bit to the weekly.
We've got a lot of historical support at this range over the past 2 years.

Daily
Not really any discernible edge on the RSI & MACD for divergence.
RSI has been hanging out in oversold, nearly oversold since the recent dump.
Hopefully some higher lows develop over the next week.
Comment:
*10/4/22 Update*
We're back in the game on the 4h.
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