Red and orange channels coincide at 0.618 Fib level. Also, on 20 MA, volume is increasing slightly and RSI sub 30. If that support is not breached, a rise can be expected to at least orange channel resistance. There is also a bullish divergence as noted by glencastleberrry ().
RSI increasing while creating lower lows. Bullish divergence evident on 2hour chart. Expect upwards motion. Profit Target 1 is at 61 fib retracement. Trading channel should then be between 61 fib retracement and profit target 2 once 61fib retracement becomes support.
People been talking to Kyber though its been on a hard downtrend. One thing about this chart even with ll the sell signals, its hittig bottom of the fib chart and the bottom Bollinger band. If your feeling risky and like to buy on the bottom this may be a good choice. Until we see if there will be a bounce near the bottom wont have a good idea when it will bounce back.
RSI and MCD on 4H bottomed out and ust tested 500 Fib It should go and test 618 fib.
Nice risk reward trade technically, but this time I am going to throw you some backgrounds behind first. Ever since 2013 the infamous hack, people are starting to realize that centralized exchanges are huge risk both for us and the whole cryptocurrency market. We then experienced hack but fortunately that didn't drive them out of business, instead, they issued...
Kyber is close to 61% Fibo resistance but going up in a nice channel, so looks like an uptrend for me. Higher highs and higer lows. Good up volume pushing the prices steady higher. Watch the red rectangle!
KNC was one of the better performing coins during the fall last months. It's trying to go back into the upward channel.
$KNCBTC long idea #cryptocurrency. Buy under 0.000415. Cup and handle pattern. Wallet launch in February and mainnet launch in March.
The price movement of Kyber Network has created The Ascending Triangle Pattern and in this scenario this pattern is considered as continuation for the price action which is upwards. MACD & RSI supports upward movement. The price has already breached resistance level few times and returned back inside the triangle leaving long wicks behind. It is important to wait...
Everyone is so caught up in BTC/USD (BITCOIN) slumping, or they're looking at LTC/USD (LITECOIN), or ETH/USD (ETHEREUM). I really believe you can find some good trading opportunities in some of these smaller Altcoins if you're patient enough to ride the waves. KNC/BTC is looking to be in a spot where we want to start building a position. it might not pop up higher...
Cryptocurrency Market Capitalizations Rank 54 Kyber Network (KNC) Skywatchers are in for a rare treat tomorrow (Jan. 31): a Blue Moon, a total lunar eclipse and a supermoon all at the same time! Oops, we are traders, not skywatchers, but we find KNC/BTC 3.12% has a potential to reach its blue moon. An ascending triangle structure is forming at this moment....
$KNC Trade : KyberNetwork is a system which allows the exchange and conversion of digital assets. Buy Price : Under 33k sats Targets: TP-1 40k sats, TP-2 48k sats TP-3: Moon in March Stop Loss below S1 support: 29.3k sats Catalyst: - Partnership with ICX as we mentioned in earlier posts. - Wallet Release in Feb - Mainnet Launch in Martch
As KNC bounces off the 786, I am looking for a potential short-term double-top pattern, if retracement holds at the 618, I would expect traders respect the value as support is made at that level. If these conditions are met, Market Traders would be looking for a short-term run up to the 1.272-1.414 Extension for short-term profit taking. 11% Gains if these...
Ideas on the chart. Thoughts welcome.