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KNCUSDT

KNC/BTC (Bearish Double Top?)KNC/BTC -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 entry with stop loss above 50ma -or you may wait for the break of support before entering Short position -the downside target is 9300-9000 sats
Short
by PolarHusk
KNC Conslidating & Coiling Up To BREAK RESISTANCEHello Traders, KNC Broke out from a falling wedge and created a flag formation. It continues to coil up and I expect an eventual rise to about $1 and possibly as high as $1.4. We should consolidate around $1 but at this point, we'll need to see how this plays out. Currently there is a building of a bullish divergence on the 15 minute RSI. So I expect a move up soon but if we don't break the trendline, it could double bottom at .61 There are two ways to play this trade. #1 - If we break down, watch for a bounce on at the 50% fib at .61 (double bottom), we could go as low as the trendline at .57 too. If we bounce there, put in a long and hold with a stop loss no greater than .55 #2 - Wait for a breakout to the upside with a retest of the flag to put in a buy order. As always, this is not financial advice, do your own due diligence and only invest based on your decisions. Cheers!
COINBASE:KNCUSDLong
by lolimssulose
3
KNC Trade Set-up With Support and ResistanceHey all, here’s another entry on my tradingview series called 'Quick Updates'. On KNC We are greeted with a nice scalp opportunity here. The price is falling back to the support area again after oscillating nicely between this horizontal support and resistance area. --- What is The Quick Update Series All About? --- I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
9