KNCUSD - Short Term $2, Mid Term - $5, Long Term - $10
KNCUSD had a beautiful close above the 200MA. I expect bullish continuation and want to see $1.18 level hold. Below that .97 and 1.03 are the supports. Ideally, if there is a drop, these are great buy zones for long term accumulation.
Typically, when you want to invest you take a 25% position and ladder your buys down to the next support levels, so you can Dollar cost average in your entry. We are in a beginning of a new Bull Cycle for ALTs, so plan accordingly. The price action and timeline may not exact play out level by level, it just idea on how I think it will and it may change based on market conditions.
Note: This is not a Financial Advise. Just my thoughts! Crypto is a risky market, so don't invest that you're not willing to lose.
Typically, when you want to invest you take a 25% position and ladder your buys down to the next support levels, so you can Dollar cost average in your entry. We are in a beginning of a new Bull Cycle for ALTs, so plan accordingly. The price action and timeline may not exact play out level by level, it just idea on how I think it will and it may change based on market conditions.
Note: This is not a Financial Advise. Just my thoughts! Crypto is a risky market, so don't invest that you're not willing to lose.
Comment:
We got a nice drop to $.97 - $1.03. Great reload zone for 6-18 months hold.