The Price action is reaching a support level at 0.0028 with respect to ETH. It has bounced back from this level on multiple occasions and might present a good buying opportunity. Stoploss should be below the support line.
Kyber is close to 61% Fibo resistance but going up in a nice channel, so looks like an uptrend for me. Higher highs and higer lows. Good up volume pushing the prices steady higher.
Watch the red rectangle!
The price movement of Kyber Network has created The Ascending Triangle Pattern and in this scenario this pattern is considered as continuation for the price action which is upwards.
MACD & RSI supports upward movement. The price has already breached resistance level few times and returned back inside the triangle leaving long wicks behind. It is important to wait...
Cryptocurrency Market Capitalizations Rank 54 Kyber Network (KNC)
Skywatchers are in for a rare treat tomorrow (Jan. 31): a Blue Moon, a total lunar eclipse and a supermoon all at the same time!
Oops, we are traders, not skywatchers, but we find KNC/BTC 3.12% has a potential to reach its blue moon.
An ascending triangle structure is forming at this moment....
As KNC bounces off the 786, I am looking for a potential short-term double-top pattern, if retracement holds at the 618, I would expect traders respect the value as support is made at that level.
If these conditions are met, Market Traders would be looking for a short-term run up to the 1.272-1.414 Extension for short-term profit taking. 11% Gains if these...
KNC is one of the most undervalued gem in the world of cryptos! Its always destined to be much higher than this tiny market cap and rate.
Now, we have a solid Cup and Handle and I have marked 2 golden lines and these are my targets. This is a definite long term HODL, not much to say here :)
PS: might just want to wait for the breakout (close on daily above...
Kyber gain +356% during the last 36 day period and only lost about 15-17% during the severe bleeding of Bitcoin. It is currently drawing a bullish flag and I suspect it may rally after the bleeding is done, to +356% over the next 31 days.
KNC/BTC is completing a cup with fractal. Currently capped at $600M, Kyber is the last project Vitalik Buterin (Ethereum Creator) will oversee; its bound to make strides in the future and hopefully join the top 25 coins group.
KyberNetwork, a trustless decentralized exchange and payment service.
You guys can go read more on the white paper.
There isn't much updates on Kyber at the moment to cause such a rally in price in a few days.
I believe there may be a correction along the way, so I'm waiting to enter at a better price if possible.
I have indicated a few areas to enter for you...
Fundamentally, the Kyber Network Project revolves around the formation of a Decentralised Exchange (DEX).
For those that aren't aware what this means:
(A) I highly recommend doing a bit of research into this topic.
(B) I believe 'Decentralised Exchanges' are going to be very successful at creating a "Buzz" in the Crypto Community, considering one of the main...