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DU09
Jan 18, 2021 6:01 PM

KNC/USD - Moon mission to $5 / ATH Long

Kyber Network / US DollarBinance

Description

KNC is looking excellent here, after breaking the $1 level and holding it well, we are now well on our way to test new highs.

MACD on weekly shows very good momentum building up for new highs, I expect KNC to continue up for the next few months.

In terms of targets there are several and these depend on your tolerance and trading plan. Below a summary:

TP 1: $1.8 - This is a good conservative target, very likely to be hit without much concern.
TP 2: $2.7 - This is in line with the previous top, therefore if we pass $2 this is the next best target
TP 3: $5 / ATH - If the bull market continues well into early summer 2021, then KNC has all chances to reach it's old ATH of $5

Beyond that is anyone's guess, however, a target of $5 seems a bit difficult at this time to predict, so the first two look more realistic to me. We can update later.

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Comments
nezz753000
KNC will see $80
JaiHanumant
KNC ATH was 5 ..omg I m so stupid, nver noticed it
DU09
@JaiHanumant, Yep, but that is a bit far away still. Imagine if you entered at 11 cents! :D
JaiHanumant
@DU09, My knc entry was .97 few weeks ago
Perception00
@JaiHanumant, Its 6 $ (KNC) i guess
JaiHanumant
@Perception00, wow. Thanks!
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