Good buy on support, Expecting a nice breakout of this triangel. Do we hold this support and breaking out We can easy see 3$
with BTC's drop alt coins followed. potential accumulation zone
Needs to break out of local $2 high first, then we will see.
watching to bounce a few times in an ascending wedge, with a potential breakout to 2.37
The 200 MA can be seen as possible sell area if this tanks to a 786 or 886. Nice R2R. Drew it yesterday with a 618 and yep it rose and rejected the 200MA area. Not worth betting on but confirming the top. Strong downward resistance from top in that area. Wicks taken off chart and microscopic corners cut to get a message across . I like it, especially as a short...
Bullish Case: 1. Market structure: an inverse head and shoulders pattern is apparent on the daily chart. The measured move is 287 USD (205-123+205). 2. Volume: it has been steadily increasing in the past 5 days with price, including today's, which should result in the highest volume so far. 3. RSI: only the 4HR timeframe is in slight overbought territory at...
something like this? not financial advice. stay safe.
i hns while breaking through a trendline on low volume tells me that we can go a long way from here. RSI looks like we want to go higher and volume aggregation tool just flipped green. I would have buy order on the trenline. not financial advice. stay safe
MacD looks bullish on day chart, retest of major resistance with break threw possible. This is not financial advice.
It is respecting each resistance line as it progresses .. **I am not a trading advisor and this is only for illustration purposes**
The 4th touch at the top of the triangle could hopefully be its last and then a break out to the 2.85 to 3.15 range is in sight. KNC LOOKING FOR THE 4TH TOUCH AT TOP OF THE TRIANGLE
Looks like correction has ended. Establishing higher lows on this one.
Its a classic heads and shoulder pattern, if KNC is not able to hold over the support line in the triangle it will hit this 1.25ish area then go back up into the triangle if it holds the support then it's just going up. Something to think about, I'm not sure if it will because I see how it would want to go up honestly have idea I got in again yesterday at 1.51 and...
Aiming for recistance on 1.92. and if we breaks this we heading for new high and possible 3$