thecardiak

KNC breakout on its way

COINBASE:KNCUSD   Kyber Network
Nearly identical charts from the last run, the only difference is that we had the Binance US listing news which gave KNC a premature boom boosting it to 1.92 before it was completing its pattern. It's since reset and reformed the falling wedge and is about to break out and start its next phase. Likely aiming for $2.50 -$3.00 range on this run up.

RSI chart is also nearly identical for both runs and has bounced off the bottom just as last time marking the beginning of the next leg. If it repeats for a third time we are in for some fun ;)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.