With an ever - expanding ecosystem, several attempts to optimize the overall DeFi use cases, Kyber is on a path to success!
KNC - The native token is certainly going to be the foremost beneficiary as the network adoption keeps on increasing and creates a supply-demand imbalance in the near future!
💎Technical Analysis Summary💎
-KNC broke its key support area at $0.85 dollars
-There is no strong support until down to $0.69 dollars
-If you are looking to buy at the next support
-Please wait for any sign of strength to reduce the risk
-These areas are only potential support it can easily be broken down
-If there are no buyers interested in this...
💎Technical Analysis Summary💎
-Kyber Network is trading at key support area (previous resistance)
-The price retested and saw Bullish rejection
-This could be a potential double bottom if it can break previous High
-Entering at the current price is highly aggressively but with tight stop loss
-But if you want additional confirmation, enter on a...
The Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
-Kyber Network is potentially painting a bearish H&S pattern
-The confirmation of this pattern is the break of the neckline
-The target below is the 200D MA and previous resistance area
-I'm not saying KNC will go straight down
-But only giving you a heads up and protect your account
-Please Use proper stop loss & follow your trading plan
-Know when to...
-Confirmed Bearish Double top patter after neckline breakdown
-We can also see the upward trendline is broke down
-The level of support to below is located at 13800 range
-If we can see a Bullish bounce on support
-The potential upside target is the retest of the neckline
-Technical status is on a short-term downtrend
-blow off the top at 21800 sat
-big profit-taking volume
-lower high is confirmed
-trendline or neckline break is confirmed
-priority is downward
-the target below is 15000-14000 area
-watch out for the news release
💬 Kyber Network (KNCUSDT), also known as Kyber Network Crystal (a Star Wars reference), has been on a rip recently. Being the native token of a popular DEX that somewhat recently starting trading on major exchanges, there is some reason to be bullish on this beyond this chart!
The question here today is this, can the bulls force push us out of this range, or will...
-hitting weekly resistance area
-potential bearish double top
-weekly bearish divergence RSI
-multiple retests of flat support which is bearish
-unable to get above 50ma&100ma on 4h chart
-a decline in volume indicating a large move
-RSI is below 50 level which is bearish
-you can enter a Sell position on the retest of flat support
-that's an aggressive...
-currently forming a bullish ascending triangle
-the pattern is unconfirmed until we see a break to the upside
-two safe trade setup
-buy the break/close above 13900s
-sell if the trendline support break/close
-targets upside/downside is on the chart
-the lower channel of support may have working working
-has the chance to retest to top channel resistance
-holding above the Cross Ultimate moving averages
-our key stoploss is below the channel box
-the priority remains bullish for short term