KYBER NETWORK TO FALL ABOUT 10% IN IMMEDIATE SHORT TERM
Kyber Network is currently tapped out on is wave trend and needs to have a slight correction in the immediate here and now before looking for a possible bounce using its ascending trend line which meets with the ascending trend channels resistance line, which creates a rising wedge that the price action will most likely look for one more bounce to see about breaking above this trend channel its in.
Short Trade:
Limit Order: @ $5.19(SHORT)
Target Profit: @ $4.70 (-8.74%)
Stop Loss Trigger: $5.40 (-4.85%)
Stop Loss Order: $5:41 (-5.00%)
Looking for the bounce at the $4.70 level to where we can see a fulfillment of the rising wedge, and then a bigger break down to retest double bottom at $3.65 or we could stop with support along the bottom of the ascending trend channel. We will have to wait and see on that.
Short Trade:
Limit Order: @ $5.19(SHORT)
Target Profit: @ $4.70 (-8.74%)
Stop Loss Trigger: $5.40 (-4.85%)
Stop Loss Order: $5:41 (-5.00%)
Looking for the bounce at the $4.70 level to where we can see a fulfillment of the rising wedge, and then a bigger break down to retest double bottom at $3.65 or we could stop with support along the bottom of the ascending trend channel. We will have to wait and see on that.
Trade closed: target reached:
We hit the target yesterday. ANd would you look at what happened today? we had support come in and we bounced right back up to the top of our rising wedge, just as I projected would happen.
And if you follow my trades elsewhere, you would have also been in on the long position off the $4.70 bottom too and be in massive profit again
And if you follow my trades elsewhere, you would have also been in on the long position off the $4.70 bottom too and be in massive profit again