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!
A quick glance at some key support and resistance levels involving Kyber Network.
Testing .618 currently. Back test hopeful in the coming weeks to previous resistance at 3.57 level.
This is not trading advice and always to your own DD before entering a trade. GL
*** Kyber Network is a very old project based on ETH network and with the recent growing interest in DeFi, they also transformed as a DeFi project.
This is one of the very first project from 2017/18 along side with projects like Komodo Plattform where you could swap your tokens.
Which we are doing now a days with UniSwap and other dozens of swap...
Hi friends hope you are well, and welcome to the new update on Kyber Network (KNC) token.
On the long-term weekly chart, the price action of the Kyber Network is completing the last leg of bullish Butterfly pattern and soon it will be entered in potential reversal zone. The simple moving averages 25 and 50 are forming death cross which can push the price action...
Kyber Network has seen a strong decline in price compared to Bitcoin during the past few months. It is now drawing a flag pattern on the daily chart.
Watch for the MACD to not make a crossover and for the Stochastic to curl up.
Entry: around 5150 sats (probable bottom of the flag)
Targets: 6200 - 7200
Oscillators indicate strong buying signals for Kyber Network on the KNC/BTC chart on the 1D and 3D TF.
It seems like KNC has completed its correction and that it has found support on the red trend-line from where it has already bounced (see red line).
There is strong bullish momentum for a pump up to 60% (entry between 0.00004924-0.00004956)!
Swing Trade KNC-BTC...
The current situation:
1. On the 4HR chart, there is a head and shoulders pattern apparent with the neckline at about 1.18 and it seems like price action has already broken through that neckline currently. The measured move is about 1.02, which is also where the daily 200 moving average is and can act as support for the breakdown.
Also, if we zoom out to the...
I recommend entering a long position in the idea that the ultimate goal is to replace cash in society if you're an investor. As per Bitcoin cash's ultimate goal to achieve 'mankind scale, 50 transactions a day for 10 billion humans',
coins such as Litecoin, Bitcoin, Bitcoin Cash hold massive potential.
Kyber and 0x are not very applicable in this area, however it...
With the demand of DeFi and staking. Is Kyber set to go for another push forward? Not grown as much as the other projects in its field but it certainly can.
Blue region is 50% higher, previous support which is now resistance.
KNC reversed at the .236 and is now currently trading at .00012892. The reason I like this pair so much and this trade is because of the Risk to Reward. The Stop loss is at .0001170 and the first target is .00017. The trend will continue up the Fibonacci ladder and I have my final TP3 at the .618 .00028. This is a long term trade and some may find that the TP1 is...
Hi friends hope you are doing well and welcome to the new update on Kyber Network. The KNC has surged more than 930%. Therefore in today’s post we will try to have complete analysis how how the KNC surged and what the price action can do next.
A big butterfly move:
Last year in September 2019 I posted in article on tradingview. Where I revlealed that the price...
KNC will hit 9000sts zone soon but it has big chance to make an adjustment to 7000sts first. 7000sts is good zone to start accumulating.
But remember, if KNC drops below 5500sts, its trend will be failed.