KYBER NETWORK 🟩 Levels To Keep An Eye On For Continuation
💬 Kyber Network (KNCUSDT), also known as Kyber Network Crystal (a Star Wars reference), has been on a rip recently. Being the native token of a popular DEX that somewhat recently starting trading on major exchanges, there is some reason to be bullish on this beyond this chart!
The question here today is this, can the bulls force push us out of this range, or will the bears Darth Mual these kyber crystals past the support levels below?
Let's do a quick take on some levels.
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Support:
The question here today is this, can the bulls force push us out of this range, or will the bears Darth Mual these kyber crystals past the support levels below?
Let's do a quick take on some levels.
Hit that 👍 button to show support for the content!
Help the community grow by giving us a follow 🐣
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Support:
- S1: The S1 bullish orderblock is the first and most logical point of support for bulls on their journey to the moon, should they need it.
- S2: The S2 S/R flip and orderblock cluster is a strong support level that logically should see a reaction if retested. Below S2 is bad news for the bulls, so it will be vital for S2 to hold if we get there.
Resistance: - R1: if the bulls can find support and rally, or if we just break up from here, the R1 previous upper range becomes the first and only clear point of resistance on the chart. A break past this then gives the bulls another shot at making new highs.
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Summary:
KNC has been on an incredible run and there is no real sign the move is over. There is clear support for the bulls to hold if they should need it. Any break below support is pretty bearish after all of this, so holding support and eventually breaking R1 is paramount.
Resources:[/I]
marketwatch.com/story/dow-jumps-400-points-and-nasdaq-hits-a-fresh-record-thursday-as-jobs-report-for-june-shows-48-million-jobs-created-ahead-of-independence-day-holiday-2020-07-02
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