Being cautious with KNC
From my previous idea KNC did a rebound but it didn't hold and continued to fall. I still don't really know why it's dumping this hard compared to other coins.
From what I see, we have 2 supports lines and we already touched once the first one.
We've broken the first downtrend, but we're still not in a uptrend, although the fall is now slower. We can be in a uptrend again when we break that second downtrend but to do so we will need an increase in volume (who was slowly getting lower too). For that KNC needs to have some goods news soon like the complete mainnet release, but that shouldn't happen before april. On the other hand KNC have already fallen alot (around 60% from ATH) so it doesn't have much room to go even lower.
I'd wait to see what happen around theses two supports or for some positives news first before doing something again with KNC.
From what I see, we have 2 supports lines and we already touched once the first one.
We've broken the first downtrend, but we're still not in a uptrend, although the fall is now slower. We can be in a uptrend again when we break that second downtrend but to do so we will need an increase in volume (who was slowly getting lower too). For that KNC needs to have some goods news soon like the complete mainnet release, but that shouldn't happen before april. On the other hand KNC have already fallen alot (around 60% from ATH) so it doesn't have much room to go even lower.
I'd wait to see what happen around theses two supports or for some positives news first before doing something again with KNC.
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