Hey, $KNC had an amazing run the last months but retraced significant from the last local top - this is a very simple and nice setup - we are waiting for losing the fairtradezone ride down to the next accumulation area or bounce before - so very simple invalidation and sweet RR imo. Im taking this with x3 lev and bigger pos.
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Today I want to share my opinion with you about knc / usdt
KNC is a coin I’ll be keeping a close eye on this week and see how price reacts to the above resistance zones and possibly short the bounce on invalidation/rejection. Market structure has been broken to the downside hence looking for shorts atm.
NFA DYOR
Hey guys hope your all well!
This is a trade set up I’ll be looking for this week. Broke market structure to the downside so look to short the bounces. These are to 2 levels I’ll be keeping an eye on and how price reacts to them.
Safe trading everyone.
NFA DYOR
What a beautiful chart to watch KNC pull these massive projected patterns over time. Having the patience to sit in these long trades is another story.
I originally thought this climb would stop at the 1.272 extension. But maybe we have room for a 1.618 past the ATH wick after this retrace. Time will tell.
I enjoy long range projecting for fun. I recently...
KNC is forming lower highs and lower lows. It has closed below EMA12 on Daily and has a bearish divergence there as well. You can short between current price and $5. Targets are marked on the chart. Stoploss should be a 4h candle closing above 5.4.
So I've been observing KNC for weeks now, it has had a great run. Since the beginning of the year it pullled out a +350% and rose steadily but now it's about to breakdown a rising wedge and not a normal one, it's a very steep wedge as you can see on the daily chart .
The bearish DIV are visible on every oscillators I've checked, here you can see just OBV, RSI...
BINANCE:KNCUSDT
Hello everyone 😃
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$KNC has formed an ascending channel and it's currently moving into it,
On other hand, there was a formed rising wedge that got broken by recent candles.
This rejection has come with an...
We are quite far from the GODMA which leads me to the idea that this correction might be a bit sideways in order to allow for the price action to come back to the mean.
after see the rsi cross the Sma line beyond the 30 , i think this is the time to leave the 38000 zone and going to THE 40400 resistence .
this will be more confirmed if a Doji candel will appared on the frame of one houre .
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...
Everything is on the chart..
in bull market it would target 7.25 something
it's always been in uptrend in big picture
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but problem is.. we might not enter the bull market yet..
Hold until the next resistance and let's see how this go
