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...
as it has already passed the accumulation zone, even once had touched its ATH,
currently in the supply zone so we can be very bullish about KNC
the TP has been defined by Fibonacci projection of its impulsive bullish cycle
and it seems to be at a good place to buy it,
what do you think?
My first check about project is simple : if i see they are listed on Coinbase + Kraken, it could means they have a good potential, for me if a project is listed only on Binance, is not enough, that said it does not mean the project is bad or will fail, but more premiums exchanges list it = more credibility. Kyber is listed everywhere.
What Is Kyber Network...
Kyber has an interesting price pattern within the respective Fibonacci circle
Topping out at a fib level only to return to the one before it
If this continues red oval is price target
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Kyber looks close to bottom if not already been there. Been waiting for weeks for 200 SMA to Cross the 314 SMA. Looks very near. Little overhead resistance. Couple that with staking announcement any day now we might be looking for an rocket ship. Team looks good. Lot of players in the market but they standout for many reasons for big investors. Not saying it can...
The KyberNetwork is moving within a pennant and since dec 2017 the support of the pennant cannot be broken even after 6 hits on the support.
At the moment the price action is again hitting the support of the pennant but this time it is also at 1.13 fibonacci of bearish shark pattern and due to the strong support of pattern the price action will not move more than...
