Hello guys! Maybe a CUP N HANDLE pattern forming on KNCUSD.
The projection of the pattern launch to U$ 1,77.
Anyway, I prefer read on FIBBONACCI 1.62 conservative target = 1,67!!
HAVE LUCKY!
Time Frame: Daily, 4Hour, and Hourly
Hi guys,
Welcome back! Day 91 of the 100 Days of TA is here! Today's spotlight is on KYBER NETWORK (KNCUSDT). I talked about the next direction of KYBER and the whys. I showed some high probability setups here, what usually happens and what would happen.
Have fun watching today's video! If you think there's something I...
Why get subbed to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
KNCUSDT H16: BEST Level to BUY/HOLD 60%...
KNCUSD looks like it is breaking out of a nice pennant on the hourly chart. A lot of big green volume spikes shows that there is quite a bit of demand.
KNCUSDT brokedown below a range support.
Potential SELL re-entry at test of downtrend channel resistance + fibonacci retracement levels + flip resistance ⬇️.
💎Technical Analysis Summary💎
OKEX: KNCUSDT
-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...
The current situation:
1. Price action is currently ranging in a symmetrical triangle pattern as seen on the hourly chart, with 63% chance of breaking to the upside. The measured target is about 1.03 USD. It is also above the daily 21MA, which it has not done since the selloff since September.
2. On the daily chart, there was double bullish divergence and it...
At this moment, there are 3 SELL signal present and I'm BEARISH.
So, I don't think this is a good time to buy yet.
Since I have only 3-4 months data on KNCUST, I'd highly recommend you to wait for EngineeringRobo's BUY signals to be present if you'd like to buy again.
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
💎Technical Analysis Summary💎
BINANCE: KNCBTC
-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...
