This triangle pattern which has a hidden gigantic cup & handle inside of it has been developing since the infamous 2017 Alt Coin Rally.
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KNC/USD pair successfully rebounded the support zone at $1.45 and the next levels to test are around $3.15. If the price successfully restest these levels, forming new ATH may be on cards. Else the price may yet again consolidate for the some more days before the next leg up towards the highs.
Watch for support at 1.45 to hold up. Spring forward going into Q3.
Expected resistance around 2.20 on any upwards price action.
Summer time madness hopefully for Crypto. If not, we could be entering a broader bear market cycle.
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Looks like we've got quite the bearish few days on the daily. Long-term uptrend is in tact though. Saddle Up BuckO! Will be an interesting heading into Summer madness and FOMO is coming IMO.
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This is a clear indication of very bullish chart formations involving Green Candles. The fact that there are a bunch of big fat green candles loaded up within the long-term channel is promising. Lol
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