NICKVASS10

Complete Elliot Wave Analysis of Kyber Network Asset

Long
BINANCE:KNCUSD   Kyber Network
As per previous post, Kyber network continues to look very strong and provides a unique oppurtunity for strong gains over coming months and will be a strong hold. Since lows of 13 cents in November 2019 Kyber started a strong cycle to the upside as per most of crypto making a strong 5 wave impulsive move the upside and then corrected for 147 days declining over 65% in a wave 2 correction, since then KYBER has been stepping upwards strongly turning key resistance levels into support and building a major 3rd wave which is far from done, looking at other correlated assets; many cryptos are much further in there wave cycle to the upside looking to complete their third waves if not into terminal moves. Whereas Kyber looks to have some strong growth, we may see growth towards the $7-8 region in the next move, we will not speculate long term projections as breaking above the All Time High will mean price discovery is likely.

Kyber presents as a strong hold over coming months with an extended 3rd wave Major looking haste.
Key fib extensions are found at $5.9 and $10.95 being the ~0.786 and ~1:1 fib extension respectively.

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