KNC took a huge dip in the last week, but right now I see a potential cup and handle forming.
Unlike most alt coins out there, Kyber Network have a solid product that actually exists, and a great team to back it up. With the rise of exchange hacks, their decentralised exchange is actually useful, and will only get better. Keep an eye out for this one, it's looking bullish to me. Of course, all of this depends on what happens with BTC over the coming hours/days.
Unlike most alt coins out there, Kyber Network have a solid product that actually exists, and a great team to back it up. With the rise of exchange hacks, their decentralised exchange is actually useful, and will only get better. Keep an eye out for this one, it's looking bullish to me. Of course, all of this depends on what happens with BTC over the coming hours/days.
Note
Also, if you look you'll see it's right at the 0.618 on the fib. This could be ripe for a retrace back up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.