KNC is looking excellent here, after breaking the $1 level and holding it well, we are now well on our way to test new highs.
MACD on weekly shows very good momentum building up for new highs, I expect KNC to continue up for the next few months.
In terms of targets there are several and these depend on your tolerance and trading plan. Below a summary:
KNC is currently at a significant support line. There are reasons to think it will hold and push us higher. For that to happen, we need to break the diagonal resistance which so far was a hard one to crack.
KNC is getting squeezed in this blue apex between support and resistance. Expect price to react in the next few days, then aim to long or short it, as...
KNCUSD had a beautiful close above the 200MA. I expect bullish continuation and want to see $1.18 level hold. Below that .97 and 1.03 are the supports. Ideally, if there is a drop, these are great buy zones for long term accumulation.
Typically, when you want to invest you take a 25% position and ladder your buys down to the next support levels, so you can...
KNCUSD is suffering, and honestly shows no clear signs that it will recover against the rest of the market at the present moment. I listed a few key support and resistance areas on the chart.
To the downside, $0.50 support is extremely strong. In the current market conditions, it's hard to suggest keeping capital on the side and waiting for this area, but...
Going strictly by the fib fan and the mirrored pattern we are seeing here with the interior cup and handle spanning over 1000 days which would bring KNC to its all time high and from there possibly into price discovery if it can surpass that level. Consolidation periods for these moves may be more or less exaggerated then shown but you get the idea.
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KNCUSDT D1: BEST Level to BUY/HOLD 85% gains(SL/TP)(NEW)
Fib extention targets
Hidden bullish divergence (forget to draw its line) manifested into Regular bullish div and RSI ready for a breakout
Exit 1, 2, 3 according to fibs
STOP LOSS : 0.69 usd
Daily timescale ! needs time to play out , don't forget your stop loss
I believe there will be a buying opportunity for KNC in the first week of January. That if it will not break the upside. However, base in history there will be a slight correction in the first quarter.
- Retracement should be about one-third of two-thirds of the previous move
- Same rule is applied to the time 1/3 – 2/3
1 to 2 – Upward movement taken about 1 week
2 to 3 – Downward movement, approximately 3 weeks, bearish trend, not the...