We are also paying attention to KNC/BTC witch is breaking a bearish trend on the daily chart
But we must be careful with altcoins at this moment, considering the BTC is recovering some market cap, and if we break 16,600 our next target will be 20k
So we expect altcoins to slump as BTC continues the uptrend movement
Our box is an excellent entry...
Oscillators indicate strong buying signals for Kyber Network on the KNC/BTC chart on the 1D and 3D TF.
It seems like KNC has completed its correction and that it has found support on the red trend-line from where it has already bounced (see red line).
There is strong bullish momentum for a pump up to 60% (entry between 0.00004924-0.00004956)!
Swing Trade KNC-BTC...
Are you ready for "alt season"? Let retail exuberance drive prices up while you kick back and chill after buying range lows. :-)
Technical reasons for the trade:
→ Double bottom price structure
→ Previous resistance from early 2020 has flipped to support
→ Gap in VPVR above
→ Volume increasing
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Kyber Network has seen a strong decline in price compared to Bitcoin during the past few months. It is now drawing a flag pattern on the daily chart.
Watch for the MACD to not make a crossover and for the Stochastic to curl up.
Entry: around 5150 sats (probable bottom of the flag)
Targets: 6200 - 7200
KNC is having a strong rebound from the 4500sts zone and the next targets are the 6500sts and 8000sts zone. The 8000sts is very strong and could be a reversal zone and KNC will continue to fall strongly in the near future.
- Buy close to 5000-5250sts. Stoploss if B
- Sell: 6500-6750sts. Stoploss if A
- Sell: 8000-8250sts. Stoploss if...
Kyber network on both the BTC and USDT chart has had some serious sell off over the past few months and has been stuck in a nice range for a few weeks on the USDT chart.
Im expecting to see a descent pause on the KNC/BTC chart and a short term recovery to reclaim some previous liquidity zones.
If we see that reversal or recovery on the sat chart and BTC holds its...
The current situation:
1. Price action is currently ranging in a symmetrical triangle pattern as seen on the hourly chart, with 63% chance of breaking to the upside. The measured target is about 1.03 USD. It is also above the daily 21MA, which it has not done since the selloff since September.
2. On the daily chart, there was double bullish divergence and it...
bullish signs here, 3 white soldiers and potential golden cross on the daily chart! last time this occured knc doubled in 6 days, there was a recent false breakout not to long ago when the bulls counldt maintain the momentum but if bitcoin can keep it togather we might have out first breakout session since the crypto massacre thats been going on lately! my money...
At this moment, there are 3 SELL signal present and I'm BEARISH.
So, I don't think this is a good time to buy yet.
Since I have only 3-4 months data on KNCUST, I'd highly recommend you to wait for EngineeringRobo's BUY signals to be present if you'd like to buy again.
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
Buying around 0.0000815 - 0.000063
1 - 0.0001117
2 - 0.0001380
3 - 0.0001570
Fixation below 0.000056, the price may turn into accumulation
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