The following content is machine translation:
In the 4-hour chart, it surged sharply after breaking through the sideways resistance at $1.8 yesterday, forming a bullish trend and continuing to be bullish, with the upper resistance near $2.6. In terms of operation, step back near $2 to do long, and the target is near $2.6 or Fibonacci's 0.618 ($2.85).
Kyber Network KNC - introducing $1.88
This price was the level of most volume during the latest dump & pump action.
Looking in the past we also saw price reaction in late 2017 and 2020.
If price comes back now it might be strong support again.
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
Many of you probably aren't familiar with a trading strategy called basket trading. I got first introduced to it from my Forex trading days and immediately saw its value. I apply that to Crypto trading to minimize my losses and keep my trades stable and less volatile. It also allows me to harvest profits as targets are reached.
Here are the facts about the...
As I said in my previous two TAs KNC showed strong signs of a bearish reversal. One more sign has added; this of the fakeout.
“In this report I will explain some crucial issues, most novice traders ignore and lose money and time. “
Fakeout is one of the most dangerous bullish or bearish signs and if you are unable to deal with them you can lose a significant...
bearish funnel pattern around the lows so might see some releif from this zone
rsi bullish divergence hasnt played out yet
obv broken out and trying to reversal trend
see how we go
its down massively so migth take a while for new trend to start
also might be on the cusp of a total market selloff here so be careful and stops as always
KNC has had a steady bullish trend from late February to April 28th where it began it's decline below the trend. Max height above the trend line appeared from Marth 8th - March 10th. A one-to-one projection of the distance that price has moved farthest from the trend line from the break out would allow price to bottom out very close to the target falling to an...
KNC is a coin I’ll be keeping a close eye on this week and see how price reacts to the above resistance zones and possibly short the bounce on invalidation/rejection. Market structure has been broken to the downside hence looking for shorts atm.
Hey guys hope your all well!
This is a trade set up I’ll be looking for this week. Broke market structure to the downside so look to short the bounces. These are to 2 levels I’ll be keeping an eye on and how price reacts to them.
Safe trading everyone.
What a beautiful chart to watch KNC pull these massive projected patterns over time. Having the patience to sit in these long trades is another story.
I originally thought this climb would stop at the 1.272 extension. But maybe we have room for a 1.618 past the ATH wick after this retrace. Time will tell.
I enjoy long range projecting for fun. I recently...
Thinking there's going to be a big push on KNC for $6 but a dip to let enough longs pile in. Then send it like it's about to double ath, sumn sumn, 'price discovery', but instead just eclipse it and slam it back down to punish any late longers.
We shall continue to observe pa and may be building a long around ~5.05-4.90, sell ~$6 depending on the move, but look...
Why I think that KNC could go up at least 10 times.
I've never seen anything like it before.
Very good looking coin. Very bullish.
It does not mean that price could not go to 3 usd again. It could be very probably.
It is just my opinion, not financial advice.
Please dont follow me, I am just human being.
I like market, I like coins.
Good luck everyone!!!
Not a bad idea to take some profits here
1. RSI - overextended
2. StochRSI - overextended
3. Plan your taking profits zones before and respect the strategy
4. Don't sell everything, the price can perform better.
5. Keep an eye on macro trends in the markets.
What do you think?