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gt3verse
Jul 15, 2020 5:29 PM

KNCUSD UPDATE - BREAKOUT IMMINENT TO $2.50+ SOON Short

Kyber Network / United States DollarCoinbase

Description

I wanted to provide a visual update for my KNC play. Zooming out on the 1D we can see a clearer picture on price action from a birds-eye view.

In about 27 days we moved 155% and corrected slightly....the descending channel pattern itself is bearish, but the breakouts are HUGE.

Will we see another 150%+ percent move by the end of August? We can only hope...

Comment

June 5th - July 3rd is that ~155% price move. Grab the ruler on the side panel and play around with Bars vs Percentages where applicable.
Comments
ericd921
After the drop down to $1.44 and the bounce back up, it looked like it might be poised for another drive upwards. Then it hit $1.67 and backed off again. Just curious, how low do you anticipate that it will go again before another possible substantial price increase? Seems like it has support again at $1.58 as it did a few days ago before the dump to $1.44.
ericd921
It seems to be playing right into that parabolic trajectory, but I’m wondering if I should pull out and wait for another drop, or just hodl and wish for the best.
gt3verse
@ericd921, I would hold man..I mean...2 to 3 month holds are still short term IMO. I want the mainstream retail mania to get grasp the idea of DeFi as this will become the potential to drive KNC higher.

For instance, I bought 6000 LINK at $4.05. I plan to hold until AT LEAST November. If we are not above $25+ plus by then - then this will help me gauge the longer 6-12 month term for LINK. If that makes sense.

There's crypto/blockchain, then there's DeFi...an entirely new way to look at Crypto.
Chipsta
Personally I’m holding
Chipsta
Given I don’t think it’s dropping again and have it long haha gl
Chipsta
@jsanford01 thanks for the education...I hear the word DeFi thrown around a lot but no idea what it actually means... on a side note KNC is starting to move :) good call btw
Chipsta
Great call I mean :)
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