2023-08-05, Saturday: KIN 4H. WEEKEND FLIPYesterday's Friday happened that DXY USD INDEX fell by close to -$1 before it managed to get up back to $102. Crypto market seem weaken for most of the asset.
Today, Bitcoin didn't really make much of upward moves instead stays around $29,000 range. For KIN this weekend uptrend may be just temporary and nothing significant. DCA buy would be appropriate until bullish sentiment are observed firmed.
KINBTC
KINBTC looks super primed for a moveif altseason is still a thing
these are the kinda entries i like
retraced heavily from early april euphoria back into sup/demand zone
OBV bullish and broken out
low sats have incredible pumppotential
looks similar to siacoin, which im also quite bullish on
long back to ATHs for me
KIN / ETH Channel 140%. Work on a coin. Reversal zones.KIN / ETH work on a coin. External channel width 140%. Domestic about 50%. I have been trading a pair since January 18.
Pump coin. For about 3 months, the coin inside the horizontal channel is in a local uptrend (price lows are rising).
Over the 3 months, the profit was + 100% + 140% + 113%. Averaging an of + 60-70% of 100% of each movement. Liquidity is average, but if the work is carried out on several exchanges, it is satisfactory.
The channel and pivot zones are shown on the chart. Fixing prices above the channel resistance level may serve as confirmation of further growth. Not overcoming this zone can serve as a price reduction to the important zone indicated on the chart. Further, how the price will react to this support zone.
Former trading idea on this coin.
KIN pump coin. Breakthrough of the local downtrend line. January 23.
The result of work for 3 months on this pump.
+ 100% + 140% + 113%
Kin Pump Coin Formed "Cup" - Target + 200%Kin pump coin may be formed "Cup" - the target for a cup + 200%. If there is a breakdown of the downtrend, the goal is much higher.
This pamp coin is often a pamp coin, including in the downtrend. Past pumps from +90 to + 330%. The first serious resistance, past support which has now become resistance from the current price + 420%.
If we assume that the “Cup” figure (saucer, rounded bottom) will continue to be drawn, then we are now in the 2nd phase of the figure formation, and these are the lowest prices.
It is also worth noting that if the price breaks the base of the “Cup” and fixes below it, then you should forget about the further formation of the cup. It is advisable to place a stop order under the base of the "Cup".
With current prices, stop has the minimum value, therefore the risk is minimal, a few percent, and profit from +200 to + 400%,
The ratio of risk to profit in a wonderful ratio.
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Sales Purpose:
According to the figure "Cup" + 200%
On the first strong resistance + 400%
Stop - Loss 3-5% (depending on your strategy)
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The stages of the formation of the figure are “Cup” (Saucer, round bottom).
The Saucer figure consists of the following steps:
1) The descent of the price is the first phase of the figure . Price fall trend with a gradual slowdown. In the classical case, it should be a smooth arc, but in practice its shape can be flat or contain, on the contrary, correction minima and maxima. The main condition in this case is the gradually decelerating pace of price reduction.
2) The bottom is the lowest point of prices. It is the geometric center of the figure. It should be located on a gentle bottom (smooth bottom, without peaks). Although sometimes such a formation as the "Thorn" down or closed squeezes comes across at the bottom. The main thing is that these local formations do not violate the overall picture of the figure and movement in the global. If the lower point of the price forms the so-called platform on the chart, then the trading volumes gradually decrease, and at the moment of the price jump up sharply increase. Another surge in prices may be a signal to buy if the maximum of current prices is higher than the previous maximum.
3) Ascent of the price - after the minimum follows the ascent, which should ideally be symmetrical to the descent, and should last as long as the first phase (the descent of the price). There is a tendency to increase prices with a gradual acceleration.
4) The intersection of the resistance formed by the upper boundary of the whole figure (passes through the maximum point of the figure at the beginning of the period of its formation) is an additional confirmation of the rounded bottom and the final phase of the formation of the figure. After breaking through and fixing the price, the resistance level turns into a support level. When crossing the resistance, the volume rises as a rule.
KIN pump coin. Breakthrough of the local downtrend lineKin is a very cheap coin pump . Coin of the American messenger with the same name. Hype cryptocurrencies in 2017 helped make ICO and raise money when this company was on the verge of bankruptcy. I doubt the prospects in the future, but for temporary speculation a great tool. There is a breakthrough of the local downtrend line . The volume of the buyer has entered.
The price of $ 0.000004 is 4 times less than 1 satoshi. Due to such a cheap price, it is often pumped, including in the bear market, by hundreds of percent. This is visible on the chart.
In the bear market of 2018-2019 , there were 5 pumps from +90 to + 350%. This is at a time when all the top altcoins with “technology” were in a pronounced downtrend with no signs of life by hundreds, or even tens of hundreds, percent, for example, as “technological very promising” Neo -1000%, NEM -2300%! Qtum -5000%! minus 50X! OmiseGO -2000%, ICON -3000%, Bytom -2200%! Hold "technologically advanced scam" is a great solution for losing real money !!! Not a technological scam KIN made a profit in real money and more than once.
The first strong resistance, past support which has now become strong resistance (birch zone on the chart). Perhaps the price will not get there the first time. With this coin you need to work on the principle of pump / dump.
TARGET
+ 300% to + 1200%
The goals on the chart on such coins for pumping is a convention. They can pump up due to the initial cheapness and low capitalization by any percentage. As a rule, most passenger martyrs are reset to + 100%. Then the heat begins. As a rule, hamsters shave in such coins due to greed. Greed begets poverty.
As a rule, after local pumping, there is a dump of 80-100%. It is worth noting that if there is a general market turn (it will be) this coin can be pumped up very much due to the very cheap initial price. Indeed, for example, the price of 10 satoshis will already be 4000%! (40X).
Stop loss
Under key support levels during your entry into the market.