Hoping for a break of upper level, will add to position on any successful retest of break.
After a very nice 100% run KNC had a correction and is currently bouncing off the 0.5 fib level, at the same time BTC/USD is breaking up the falling wedge and might pull some altcoins with it. Let's see what happens, we are staying bullish on KNC short and long term.
KNCBTC (Kyber Network) is now trading above all major resistance in the form of EMAs. Prices are now easily trading even above EMA300 which is still 'rare' at this stage of the game. EMA10 had a bullish cross with EMA300. The RSI is above 70 and the MACD is trending higher while already on the bull zone. When a chart is looking like this, only one thing left...
Read An article on the Golden rule. applied it to High Low Triangulation and am seeing some interesting mapping. My prediction here:
KNC/BTC had a nice trend reversal by forming a rounding bottom on the daily and weekly charts and moving towards resistance. Potential Cup and Handle or Reverse Head and Shoulders patterns might send us higher.
its really too easy to see the trend.
$KNC on our watchlist Waiting for a breakout Not a Financial Advice
There is the Bearish Bat Pattern possibility and i think we are on the 1st wave correction. Breakout and The Bullish Trend looks soon. Break a leg!
$KNC Reclaimed and flipped into support ~2650 sats level... Volume seems low from here but looks interesting.. EMA50/200 close to a golden cross UCTS still no buy signals on the 1D or 2D charts.. if it gets traction, then aiming for ~3300 sats (20%+) Tight SL just in case #KNC
i'm buying this support. Let's see how it plays. TP on image
Simple chart If it breaks resistance and holds as support it's omega bullish
First off: im a beginning trader forcing myself to make a trade journal and, by doing that, capping the number of trades I take and making it possible to evaluate all my trades later. Also it reduces the risk of FOMO'ing because as long as I stick to my habit of first analysing and publishing my trade, that FOMO moment will have passed and I will have a plan to...
What to say? The one of the worst performers ! But If The Price Falls to $007, I'll buy it. Disclaimer: We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a...