$KNC/USDT 3D (#BinanceFutures) Ascending channel on resistance
Updated
Kyber Network Crystal has never been that overbought in the past, we expect a tough correction after a last push up!
Current Price= 5.482
Sell Entry= 5.479 - 6.097
Take Profit= 4.208 | 3.354 | 2.500
Stop Loss= 7.008
Risk/Reward= 1:1.3 | 1:2 | 1:2.7
Expected Profit= +27.30% | +42.05% | +56.81%
Possible Loss= -21.08%
Fib. Retracement= 0.236 | 0.382 | 0.559
Margin Leverage= 1x
Estimated Gain-time= 5-6 months
Tags: #KNC #KNCUSDT #Kyber #KyberNetwork #v2 #KyberSwap #DEx #AMM #Marketplace #Governance #DAO #DApp #DeFi #BSC
Website: kyber.network
Contracts:
#ERC20 0xdeFA4e8a7bcBA345F687a2f1456F5Edd9CE97202
#BEP20 0xfe56d5892bdffc7bf58f2e84be1b2c32d21c308b
#Polygon 0x1c954e8fe737f99f68fa1ccda3e51ebdb291948c
Current Price= 5.482
Sell Entry= 5.479 - 6.097
Take Profit= 4.208 | 3.354 | 2.500
Stop Loss= 7.008
Risk/Reward= 1:1.3 | 1:2 | 1:2.7
Expected Profit= +27.30% | +42.05% | +56.81%
Possible Loss= -21.08%
Fib. Retracement= 0.236 | 0.382 | 0.559
Margin Leverage= 1x
Estimated Gain-time= 5-6 months
Tags: #KNC #KNCUSDT #Kyber #KyberNetwork #v2 #KyberSwap #DEx #AMM #Marketplace #Governance #DAO #DApp #DeFi #BSC
Website: kyber.network
Contracts:
#ERC20 0xdeFA4e8a7bcBA345F687a2f1456F5Edd9CE97202
#BEP20 0xfe56d5892bdffc7bf58f2e84be1b2c32d21c308b
#Polygon 0x1c954e8fe737f99f68fa1ccda3e51ebdb291948c
Trade closed: target reached
TP1 reached with +27.30% (1x) and +1.3RKyberNetworkCrystal got rejected on top and finally retraced down, we did well entering back!
Rising wedge is still intact, let's TP some here and edit SL to highest entry (6.097)
Trade closed: target reached
TP2 reached with +42.05% (1x) and +2RKyberNetworkCrystal broke the rising wedge down then hit second target!
Now bouncing back off the mid-line channel, SL adjusted to lowest entry (5.479)
Related publications
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.