KNC - New Life in the Old Dog?
Updated
KNC is another ERC-20 token, meant essentially as a governance token for the Kyber Network.
We saw a breakout the other day from a clear descending channel we've been in for quite some time.
Since then we seem to be bouncing between a solid new found support range and resistance with a slight decline.
Watch how it acts the next few days, it may be shaping up for a bigger correction upwards.
I think a clear indicator will be price consolidation as we shrink further into the purple support band.
MACD is heading into bull territory.
Stoch right in the middle of the road, looking strong but not overbought.
Just about to hit EMA 100
TP's are below. Stop loss around 20%
TP 1 - 1.13
TP 2 - 1.34
Good luck and be safe! This isn't financial advice.
We saw a breakout the other day from a clear descending channel we've been in for quite some time.
Since then we seem to be bouncing between a solid new found support range and resistance with a slight decline.
Watch how it acts the next few days, it may be shaping up for a bigger correction upwards.
I think a clear indicator will be price consolidation as we shrink further into the purple support band.
MACD is heading into bull territory.
Stoch right in the middle of the road, looking strong but not overbought.
Just about to hit EMA 100
TP's are below. Stop loss around 20%
TP 1 - 1.13
TP 2 - 1.34
Good luck and be safe! This isn't financial advice.
Comment
That's the opposite of what I wanted KNC. God. Get it together. Might be a bust. no buy in signal.
Come hang out with me on telegram, it's free and I won't be too mean too mean to you:
t.me/KadnimCrypto
t.me/KadnimCrypto
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