A triangle has started from where we entered "Start" on the chart.
Right now it looks like wave E of the triangle is over or at the end of wave E.
There is a supply on the way to the part. By consuming this supply and a downward rejection and then maintaining the green range, it can enter a medium-term bullish phase.
KNC will remain bullish while maintaining...
Emissary over here. Long position. Quick trade.
Yellow line entry limit order - 0.6670
Green line take profit - 0.6942
Red line stop loss - 0.6538
Setup will resolve in 2-3 days. Leverage x3 max.
Leave your support, comment, boost, follow and thank you beforehand.
KNC Token Review
As you can see in the chart, it is stuck below the resistance
The RSI indicator is declining
We can hope for the mentioned position.
You can make a better decision by seeing the confirmation candle in the one-hour time frame.
Don't forget capital management
This is just a technical analysis and personal opinion.
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...
💎 KNC has recently demonstrated significant market dynamics. After a period of consolidation, KNC is currently showing signs of upward momentum, aiming to break out of the descending channel.
💎 A successful breakout could signal a shift towards upward movement, probability leading the price to retest the strong resistance area.
💎 However, if KNC fails to break...
💎 The recent market performance of KNC has been garnering attention. KNC has successfully reclaimed its position above a critical support area, creating a bearish trap.
💎 Currently, it is navigating an upward trajectory toward the resistance trendline of a descending channel. For sustained upward momentum, KNC needs to effectively break out of this pattern. A...
KNCUSDT's Breakthrough Bullish Momentum
In the landscape of KNCUSDT, a remarkable development takes center stage as it confidently slices through the downtrend trendline. This resolute move sends powerful signals to market participants, underlining a compelling narrative.
Positioned at the Demand Zone
Further strengthening its case, the asset currently finds...
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The key is whether the price can be maintained by rising above 0.82.
To do so, the key is whether it can receive support and rise around 0.760.
Since the volume...
💎 KNC has undeniably garnered our interest, showing potential for an upward surge aimed at overcoming a formidable resistance zone. Currently, KNC is navigating a phase of consolidation, oscillating between support and resistance levels. A successful breach of the significant resistance barrier would be the probabilities are on the side of the bull.
It looks like we have 3 ABC waves. The time of wave B, which was a diametric, is filled and now we are about to enter wave C.
I marked the target of wave C with Fibo and compared to wave A on the chart with a red box. I expect the price to move up to the upper range.
For risk management, please don't forget stop loss and capital management
Comment if you have...
💎 KNC is undeniably on our watchlist. After a notable bounce from the demand zone at $0.63, it effortlessly surpassed the supply at $0.68. Currently, KNC is navigating through the subsequent supply zone, inching closer to a key resistance point. Should KNC face a rejection at this supply, it might retrace to the nearby demand at the $0.68 mark, which previously...
BINANCE:KNCUSDT long idea
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
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today we have one of the best risk to reward Investment opportunity
it is more than 330 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target
Many people won't like this but we believe that KNC has been in a bearish distribution before the final capitulation .
Very similar to what LINK has been facing:
The capitulation may be just around the corner.
The sentiment seems to be more and more bearish and FUDs around BNB are not helping in the recovery process.
Buy area is shown on the chart