Kyber Network (KNC) Project Overview
Seamless Token Swaps, Anywhere
Kyber is an on-chain liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application.
Kyber Network Crystal (KNC) is an ERC-20 token and an integral part of Kyber Network.
KNC is the glue that connects...
Many altcoins are looking like the downward movement will continue, and KNC may be in the process of forming a head and shoulders, but of course, this is just speculation. Until the right shoulder where completed, we cannot call this a bearish pattern.
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-Confirmed Bearish Double top patter after neckline breakdown
-We can also see the upward trendline is broke down
-The level of support to below is located at 13800 range
-If we can see a Bullish bounce on support
-The potential upside target is the retest of the neckline
-Technical status is on a short-term downtrend
-blow off the top at 21800 sat
-big profit-taking volume
-lower high is confirmed
-trendline or neckline break is confirmed
-priority is downward
-the target below is 15000-14000 area
-watch out for the news release
KNC is during retracing. We can use fibo levels to take profit. 0.618 level ( 0.00015335 ) can be used for the first entry and 0.786 ( 0.00013573 ) second one. Keep in mind to entry in two part to decrease your risk.
Targets can be upper level :
fibo 0.5 level ( 0.00016573 )
fibo 0.382 level ( 0.00017811 )
fibo 0.236 level ( 0.00019342 )
KNC is forming a big symmetrical triangle and we still more days to accumulate inside this bullish pattern. In theory, the price will remain on sideways movement, and then we must enter on the next breakout. But until the this happens we can't do anything besides waiting.
Best regards, Sandro and Gustavo.
Feel free to visit my pages if you...
Fibo numbers with TP1-3 & pivot included.
Will update later with my take on KNC and why it’s been one if my favourite picks for my (LONG) HODL portfolio (always) Haven’t spoken much on it recently so I think it’s overdue that I make a publication detailing everything from the development team to the White Paper of the roadmap and all in between.
In the meantime;...