Updated
KNC/ETH: Potential for a bullish reversal
As KNC calms down, bouncing off the lower trendline barrier once, we can possibly expect a further small drop to form double bottom before retracing upwards. Strong support from previous lows and the trend channel appear to support this hypothesis. Indicators seem to confirm this idea, while volume is nowhere to be seen; we could have a promising trade in the making.
Trade active
Currently accumulating, get ready for a steep price rise.Trade closed manually
Aaaaaand that was a flop. Better luck next time.
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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.