Unfortunately I seem to have run out of image copy/paste into chart. However my analysis of KNC using data from Nansen.ai is that KNC has some way down still. On the 15th of May whales dumped the token and now it is no longer one of their major holdings. With this in mind I dont expect it to sustain the current relief pump. My best guess is that we will see the...
KNC has very strict behaviour from it's respective market makers in terms of respect to most traditional technical indicators
If the regression channel doesn't allow for a major move to the upside (and if bitcoin can continue ranging)
I could see a tap on the fibs lowest level to initiate a move to re-test demand the local low set a few days back during terra...
weekly very overbought.
3d bear div on the rsi since the 13 april.
4h showing slow down and losing strength.
closing position would be when the slow down is just distribution.
opening a short with small position due to high sl and the above mentioned.
** When I published this idea the boxes didn't show what they imply. The upper box is supposed to represent a level to enter. The lower box is where your SL should be just in case. It's roughly 6% risk
Market's volume has been pretty bad. Despite that, KNC has been showing a very strong move upwards and even cleared previous ATH yesterday. A few things to...
KNC has been pretty much grinding up when everything else has been dying. I'm fairly sure this coin has a good future ahead and could potentially be very profitable due to its total supply. It's not very hard to pump it.
It's been respecting fib levels really well, however people seem to be trading the start of the impulsive move rather than the absolute lowest...
Setup: KNC is reacting off the 9 EMA and has been in an uptrend. It is also above the 4h 200 EMA, giving extra confirmation to the trade. BTC also break out of its tight range, signaling a retest of 40k, giving KNC some room to run
Entry: When MACD crossover
Stop loss: Trail using 3 ATR trailing stop loss
El FTX:KNCPERP ha empezado a perder potencia lentamente, la nube a 12h junto con el MA50 han probado ser una resistencia importante, lo cual ha llevado a que caiga por debajo del Kijun, estaremos esperando un retest del soporte en 1.4282.
Objetivo 1: 1.4282
Objetivo 2: 1.3758
Momento™ no proporciona asesoramiento de inversiones y no...