KNC experienced strong downward price pressure over the course of September as the token crashed to its multi year lows in area $1.1-1.4, where is currently sitting.
On RSI and MACD we can witness a potential bullish divergence on daily timeframes.
RSI is in very "unexplored" areas as it is in deeply oversold territory (27-29), at levels reached only at the peak...
KNC lost its wickless weekly trendline last week and rested this resistance yesterday.
I think for the rest of this week, KNC will go down to targets presented in chart. One more reason for this prediction is that BTC seems being rejected by the MA200W (in short term).
BINANCE:KNCBUSD has just hit important historical support.
Looking for a reversal here with break above +/- retest for confirmed entry or unconfirmed entry at mid-zone PRZ
Potential 6+ R:R if TP#2 hit
...Interesting
KNCUSDT is one of the major hidden gems, i am currently bullish once it hits my entry setup, the coin is promising and the profits are amazing.
My setup is:
Entry: 1.05 - 1.15
OneTime: 1.12
Short Term Profits: 1.25, 1.28, 1.34, 1.39
Mid/High Profits: 1.75, 2.15, 2.40, 2.90
Please be careful with your money.
Good Luck.
KNCUSD 6h-12h
Pulled some VPVR from different TF, and Fibb retrace, looks like 1.7 is good spot.
KNC has great volatility and Id totally expect deep retrace on that coins with very weak R/S in the middle. Would it be strong bull run, I might believe into shallow pullback, or GP in the best case. Looking at the chart and seeing zig-zags, swings are not rusty to go...
September has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
Kyber Network Crystal v2 KNC has a...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KNC is overall bullish trading inside our red channel , so as mentioned in my previous video idea (highlighted on the chart), we will be waiting for KNC to approach the lower red trendline to look for buy setups.
Now KNC is approaching the lower red trendline but we will not...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for KNC.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
in weekly time frame if you use ichimoku it give a very good signal to go long but the daily trend here is week despite that MACD and DMI are also giving buy signals
Reasons to take long:
⭐️ BTC is exhausted and unlikely to fall more
⭐️ Coin is stronger than a market
⭐️ Level is 4d old
⭐️ Buying volume appeared
⭐️ 4th touch
⭐️ Over VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss...
