Long
Cup & Handle patter on KNCETH pair
Technically looks good as a rounded bottom and a following handle is visible on the chart. Also, mainnet launch for KNC, which is expected to be the dominant DEX this year, is also just a week away. Stood strong in the volatile market without any huge selloffs. First target is about the 0.0045 range and second target is around 0.0050.
Note
forgot to mention the general uptrend KNC is in and the volume indicators are also indicating accumulation patterns.
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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.