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vf_investment
Nov 25, 2022 6:33 PM

KNCUSD full retrace likely before the accummulation 

POLONIEX:KNCUSD1D
Kyber / US DollarPoloniex

Description

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KNC lovers probably won't like this analysis but it's time to face the truth.

As the bear market continues it is very likely that KNCUSD will do a full retrace before the accummulation phase.
If it had to happen the price would drop over 98 % from 2022 highs. Actually it wouldn't be anything an extraordinary as we know altcoins can drop even 99 % in the bear market and some of them go to zero.

0,15 -0,10 $ seems to be a fair price of this project survives the bear market and doesn't go to zero. From there we expect traders and investors to start accumulating KNC.

Any bounce probably will be a short lifted and the price eventually will go down.

Good luck

Comment

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KNC keeps getting rejected from the resistance. Looks weak

Comment

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Not looking for 0,12$ anymore. Trend flipped bullish. Buy the dip.

Comment

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0,40- 0,85 $ is a new accummulation zone.
Harmonic PatternsTrend AnalysisChart PatternskncKNCBTCKNCUSDTkncusdkncbitcoinkncbtclongKNCETH
Comments
robloxatvman
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It’s been trapped under $1 for over a year… do you expect a breakout now? Your post doesn’t load
M3tanoia
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need an update from the author of post
vf_investment
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@M3tanoia, hi. Not much changed since the update given on 17 of February. KNC is under accummulation. It's bullish now.
MyCryptoParadise_Nathan
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I appreciate your analysis, even if it's not what KNC lovers want to hear. It's important to consider all possibilities and stay informed.
markjordan_23
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nice charts guys love it. ISP which is Ispolink defo geting slept on from people for it being in the low marketcap yet
Setupsfx_
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Amazing analysis
Godofcatchemaal
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you are trying to short the bottom GL.
vf_investment
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@Godofcatchemaal, I strongly recommend you to check updates which were posted in this idea on 29 of January and yesterday....
Xanrox
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Good buy with a limit order!
marcolopes
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update!
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