KNC TO $4+ IN THE COMING MONTHS - BE PATIENT MY CRYPTO FAM
If you bought KNC near its recent ATH, do not fret, more upward momentum is yet upon us.
As you can see we have bullish descending triangle that is nearing its formation lifecycle.
Fundamentals are strong as Kyber Network has included Chainlink into its protocol.
KNC only has 180M coins in circulation while LINK has 380M. Basic FA shows we should theoretically see a price that is at least 2x of LINK's current price.
I stand firm by my $4 price target by end of Q3.
As you can see we have bullish descending triangle that is nearing its formation lifecycle.
Fundamentals are strong as Kyber Network has included Chainlink into its protocol.
KNC only has 180M coins in circulation while LINK has 380M. Basic FA shows we should theoretically see a price that is at least 2x of LINK's current price.
I stand firm by my $4 price target by end of Q3.
Comment:
For clarification: Descending Triangles are usually bearish, however they can also be bullish because of a potential reversal. We have a lot of support holding around the $1.60 price range.
Comment:
We are forming a falling wedge (bullish) with price having dipped below $1.50
Comment:
Updated chart: www.tradingview.com/chart/TrIPqA44/