LochubT

KNC, rebounded in case of strong support.

COINBASE:KNCUSD   KNC/USD
The following are machine translations:

On the daily chart , yesterday, it stepped back to the strong support of 1.1 on May 12 and rebounded. 1.1 was the strong support of last year. If it does not break here, it will continue to rebound. Today, the currency circle is in a state of smashing as a whole, and kNC is relatively tough. If you want to rebound, the highest intraday rebound in the morning is about 9%. At present, it is falling back with the overall market. Today's gains have been digested. Pay attention to the support near 1.1 below. If it can still be supported, see more.
The bottom of the indicator macd deviates very seriously, if there are many golden forks. The RSI indicator and the May 12 state are also bottom divergences in the oversold zone.
In operation, pay attention to the support near 1.1, which is effectively supported to do more, and the macd indicator golden fork to do more.

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