An extremely optimistic view on Kyber Network breaching its all-time-high on the BTC pair in the short-term. This is given from the fact other DeFi coins such as Aave (LEND-BTC), Ren Protocol (REN-BTC), Elrond (ERD-BTC), Synthetix Netwok (SNX-BTC), and others have also reached their ATH levels.
Token supply from the exchanges are also being drained, most likely...
I was browsing through alt lists and found an interesting bubble.
It looks like KNC created triangles just like other alts but is on the verge of a breakout.
I would wait if it breaks here or sees if it continues to squeeze.
Good luck guys!
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KNC has been a interesting coin from launch with some wild upswings in the early days the market has a sustained down period with limited price action giving users and traders a chance to buy in around the key levels.
In the past 2 weeks KNC has shown some signs that could indicate a larger run is on the cards back up to some key high levels giving you the...
KNC is during retracing. We can use fibo levels to take profit. 0.618 level ( 0.00015335 ) can be used for the first entry and 0.786 ( 0.00013573 ) second one. Keep in mind to entry in two part to decrease your risk.
Targets can be upper level :
fibo 0.5 level ( 0.00016573 )
fibo 0.382 level ( 0.00017811 )
fibo 0.236 level ( 0.00019342 )
As i shared before there was a great support of KNC/USD between $1,56-$1,54
a resistance at $1,68 but it coudnt pass $1,68 even it tried 3 times
but it kept falling breaking $1,55 strong support and felt till $1,42 .
Next Support level is $1,42 and then it 's $1,29.
Till KNC/USD price stays below $1,56, it's possible to fall till $1,06 and possible to...
This week in the world of crypto @intotheblock discusses the launches of two protocols, Kybernetwork's katalyst and cardano.
and More interesting fundamentals coming. very Bullish from here.. can we go 800% return end of august?
KNC/USD was on the huge move last week and has been ATH $2 since 2017
then started falling and rejected to fall below $1,55 three times
also was rejected from resistance at $1,78 three times too
Now its moving up and as it looks in the graph, if it passes above $1,67, it's next target will be $1,78
If it is rejected to pass above $1,67, i think this time...
KNC/BTC
-bearish descending triangle
-unable to break the downward trendline resistance
-sell pressure is increasing
-confirmation of pattern is about to complete
-downside target is the fib support .618
