Hi everyone, first post and very new to trading so take what I say with a pinch of salt. I think there is a potential descending triangle on the 1hr timeframe for KNCUSD marked by green triangle, indicating a possible drop to one of the supports below before demand kicks in at one of the lower levels of support ( lowest ~$1). I've got a feeling that after this...
For those who are surprised the the rise of Kyber Network let me explain the power of DeFI. Kyber allows you to swap your crypto without the use of an exchange and from the safety of your wallet, this makes it very convenient. This Move is likely to be the beggining of a rally that might take Kyber to 10$ before the end of 2020.
Positioning for a break over resistance at $1.55 ish. Kyber is the #3 defi coin and deserves to be much higher. I like to watch the ultimate Oscillator for bullish sentiment as well as trading signals on Kyber. Experiment with multiple time frames or the time frame you like to trade in and see for yourself. Great indicator. A break and hold over resistance...
It is clear and apparent by now that the current theme in crypto is DEFI. Looking at all the biggest gainers, that include Aave, Compound, Synthetix and others. it doesn't matter, eventually everything RELATED to defi will go up. This is the current theme in the crypto market. So far this "bull market" is not broadening whatsoever. Bitcoin is still sleeping....
KNC is one of the altcoins leading the way. To me, it appears to be in a parabolic advance with little resistance above current price. If we get some FOMO on this altcoin, could be a good ride up... something to keep an eye on. thoughts/comments are welcome. TG
Good morning/evening traders, In my last trading idea, "KNCUSD JUST BROKE OUT", I pointed out that the alignment of the upside breakout from a symmetrical triangle and the triple hidden bullish divergence should give this beast a new rally. Unfortunately, the profit was only 10% and the weakened momentum brought the price down to my stop loss target. However,...
Possibility for KNC/USD until the end of June
Kyber seems to be going up systematically, don’t see why it should stop here. Would be interested in its usage statistics and tokenomics to check correlation Entry: $1.25 Target: $2.50-6.00 Adjust: $2.50 Stop: $0.58
There is not doubt that the KNC/USD pair has been the top mover in the market recently. It seems that it's going to have another leg up again very soon: 1. A candle just broke out in a symmetrical triangle in the 4 hourly chart. 2. Triple hidden bullish divergence in RSI. 3. No real resistance based on the chart in Coinbase. The 100% measured move is at 1.5573...
Following along with the flags painting on the daily and hourly. Hoping for an upside move soon, not financial advice. Had to repost this since it wasn't appearing on my profile or in the search for some reason.
Following along with the flags painting on the daily and hourly. Hoping for an upside move soon, not financial advice.
KNC has been remarkably bullish. About to reach its "Moment of Truth". Was the big spike a "One Hit Wonder"? EW wise, we could be ending a wave 4 and starting wave 5. If breaks above red zone, I will plot a possible w5 target. For now I am observing the action around these fibs for clues. If you see blurry numbers, that is a TV rendering bug. Here is a Snap Shot...
Weekly Looking at our highest timeframe (trend timeframe) we can see Kyber Network has been in a major downtrend and has actually never been in a bull market...I consider this something interesting in a positive way. Look at the most recent price action starting from November 2019 we can see price action found support at $0.15 after testing multiple times for...
Kyber Networks, KNC, appears to be breaking out in fifth and final wave of its very first impulse structure. Quite historic...VIVA LA CRYPTO!
My call on the breakout was precise. I bought in at .82 and sold everything, Now what? Just be patient if you missed out. A correction is inevitable no matter how bullish,it is actually constructive for the structure for continuation. The key is where is a "good" buy now? Well that depends If BTC drops, everything follows. A key area too look for is the $1.08...
Kyber has seen some incredible gains over the last week but now finds itself in 'no-mans land' No valid support to speak of....(but correct me if I'm wrong) I think we will see a slow retrace to lower support before bringing new buyers in and some really solid gains. Shorting now for position, but long over the next few months. Alternate entry is a further...
Now that KNC broke out, whats next? Well open interest is off the charts, do not let stochastics fool you that the top is reached. Although it may very well be... for now that is. Major time frames are extremely Bullish will be confirmed at close. Now unless BTC breaks down, I do not see major pullbacks happening. If we do break under 1.08 on an hourly with a...