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...
The impulse count on this has been very clean, Looking at the corrective move down we do have 5 waves terminated now currently I do not know if this is the start of a 5-3-5 correction or the correction is over, Jumping in now is asking for a smack if it turns out to be corrective > best course of action imo is to wait and if it busts our trend line with volume and...
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.
This triangle pattern which has a hidden gigantic cup & handle inside of it has been developing since the infamous 2017 Alt Coin Rally.
$KNC is the most honest brand in cryptocurrency today.
2021 Included mentions via St Luis Federal Reserve + Hand selected as a top tier leader in the Defi space by 3 Arrows Capital.
This is what transparency looks like....
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.
This is not trading advice. Please do your own DD. Like, Comment and Subscribe for more insights and analysis.