IF $KNC.X will have a breakout upward and flip 4h resistante into new support, According to Plancton's strategy (check our Academy), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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...
Always good to buy coins at all time lows against BTC. This is a solid token IMO and with its coinbase exposure, will pump in BTC value sooner rather than later. Certainly worth grabbing a bag and expecting it to pump in the near future. I prefer to hold this long term as there is a staking option that hopefully will become profitable in the future, and this...
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
We are also paying attention to KNC/BTC witch is breaking a bearish trend on the daily chart
But we must be careful with altcoins at this moment, considering the BTC is recovering some market cap, and if we break 16,600 our next target will be 20k
So we expect altcoins to slump as BTC continues the uptrend movement
Our box is an excellent entry...
KNC is having a strong rebound from the 4500sts zone and the next targets are the 6500sts and 8000sts zone. The 8000sts is very strong and could be a reversal zone and KNC will continue to fall strongly in the near future.
- Buy close to 5000-5250sts. Stoploss if B
- Sell: 6500-6750sts. Stoploss if A
- Sell: 8000-8250sts. Stoploss if...
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...
-Daily Bullish Engulfing
-4hr Bull Flag
-VAL as support
-Testing poc for support after bull break
- Targeting below the 618 of last bear flag pivot.
Keep it Simple. Manage Your Risk. Don't Get REKT!!
//Disclaimer: This is not financial advice.
💎Technical Analysis Summary💎
-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...
Buying around 0.0000815 - 0.000063
1 - 0.0001117
2 - 0.0001380
3 - 0.0001570
Fixation below 0.000056, the price may turn into accumulation
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