Hi Everyone;
today we have one of the best risk to reward Investment opportunity
it is more than 330 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target
Kyber Network (KNCUSD) has been trading within a Channel Up since the January 06 low, supported by the 1D MA50 (blue trend-line). Since April 08, it has been struggling to break emphatically above the 4.4000 Resistance. That was the level where April 10 and May 07 2021 made a Double Top and rejected the price back to the 1.1000 Support.
The current Channel Up...
Even lagrande see this is a threat to them , th demand for the crypto market will remain bulish because of war and fight with oil .
Happy trading . :D reached closest structure of retracement . more likely to hit targeet with three days .....
KNCUSDT (Day Chart) Technical Analysis Update
KNCUSDT Currently trading at $2.18
KNC started consolidation from May 2021 to Jan 2022, In the above chart, you can see the price is likely to breakout its major resistance line, and also you can see an increase in volume from the last 45 days.
Compare to other altcoin KNC looks very bullish.
Swing trade...
KNCUSDT (Day Chart) Technical analysis update
KNC Slightly looks bullish, you can buy if the price breaks above the resistance trend line in day candle
Buy level: Above $1.97 (only buy after breakout)
TP 1:$2.30 , TP 2:$2.70 , TP 3:$3.30 , TP 4:$4.00
Stop loss: will update once we see the breakout
Max Leverage: 1x or buy it on the spot market.
Based on my TA, KNC is forming a double bottom on the weekly TF.
I would enter with a closure above $2.45
keeping my SL AT $2.25
and I would take profits as follow:
TP1:$2.882
TP2:$3.322
TP3:$3.73
TP4:$4.2
On two weeks chart after a long time at last the 25SMA has crossed down the priceline to lift the price up very soon insha Allah.
Therefore I have defined the buying zone between 0.886 to 1.13 fibonacci.
The bearish shark with all required dimensions from X to C legs is formed soon when the 25MA will lift the pirce action up the formation of C to D leg will be...
