Knc
KNCUSD - Weekly analysis ANALYSIS 🔎
- KNCUSD retested the flip horizontal support and 0.618 fibonacci retracement level.
- Price action printed the double bottom trend reversal pattern.
- Price brokeout above the double bottom neckline resistance.
- This is a bullish signal.
- RSI printed a bullish divergence signal.
TARGETS 🎯
- Swing high
- Fibonacci extension levels
KNCUSDT (Expecting big up move after resistance zone breakout)KNCUSDT (4h CHART) Technical Analysis Update
Waiting for the resistance zone breakout
KNC/USDT currently trading at $0.1.30
LONG Entry level: Above $1.32 (only enter long after 4-hour candle closes above resistance zone at $1.32)
STOP LOSS: $1.125
Resistance level 1 (Target 1) : $1.50
Resistance level 2 (Target 2) : $1.80
Resistance level 3(Target 3) : $2.00
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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KNC TA - weekly chart Rules:
- Retracement should be about one-third of two-thirds of the previous move
- Same rule is applied to the time 1/3 – 2/3
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1 to 2 – Upward movement taken about 1 week
2 to 3 – Downward movement, approximately 3 weeks, bearish trend, not the previous rising movement last 1/3 of this one.
3 to 4 – Upward movement, approximately 6 weeks, it is a crucial point due to longer period to build up in comparison to previous movement, probable trend reversal. Buying zone with a stop limit positioned at lowest value of point 3.
4 to 5 – Retracement from previous bullish trend, approximately 2 weeks, in accordance to the rule, 2 weeks of 6 weeks = 2/3 of time retraction.
5 to 6 – continuous of bullish trend. About 5 weeks.
6 to 7 – Correction, about 2 weeks. 2/5 = 0.4 = between 1/3 and 2/3, rule is respected.
7 to 8 – short bullish trend of two weeks, at this point trader must start pain attention for a possible reversal.
8 to 9 – 4 weeks bearish trend, period longer than previous one breaking a sequence of short periods of corrections. However trough left still is higher than previous one, zone must be taken into consideration for a possible selling zone.
9 to 10 – 3 weeks of a bullish trend leaving the same peak as previous one, reversal signal, it can be sold here to make profit or wait until the confirmation of reversal trend.
10 – 11 – long bearish trend of 7 weeks, crossing the last through left in point 9, indicating the confirmation of a reversion, selling zone can be previously stablished putting a stop limit on point 9 and profit is masking between 10 and 11.
11 to 12 – Correction of 2 weeks from previous movement.
12 to 13 – 4 weeks of bearish trend continuation leaving an important through at point 13.
13 to 14 – Crucial point: Bearish trend of 4 weeks, longer than previous bullish trend, breaking 1/3 to 2/3 rule of retraction in time. In addition ascending peak compared to the previous one.
14 to 15 – Buying zone: 5 weeks of bearish trend breaking the rule of correction again and leaving a through higher than previous one, possible buying is to be executed in point 15, putting a stop limit in point 13.
KNCBTC a bullish setup for big move upto 998%Hi friends hope you are well, and welcome to the new update on Kyber Network (KNC) token.
On the long-term weekly chart, the price action of the Kyber Network is completing the last leg of bullish Butterfly pattern and soon it will be entered in potential reversal zone. The simple moving averages 25 and 50 are forming death cross which can push the price action to complete this leg.
Buying and sell ranges:
The priceline cannot enter in negative zone. Therefore we can have an idea using volume profile where to buy.
Stop loss:
For this purpose we can again use the volume profile that up to what level the traders have interest to trade. Below that level we can set our stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 998%, and the loss possibility is only 27%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
KNC - Inverse Head & Shoulders? Gains Ahead?KNC has been seeing some long term consolidation, confirmed with declining volume. Looks like we're nearing the end of it.
Interestingly looks like an Inverse H/S formation, which would imply gains ahead.
Clear Accumulation area on the chart, RSI is aggressive and not overbought, MACD is looking like a new uptrend forming.
I'm confident DeFi as a sector will see growth in 2021, and I'm confident KNC will see growth after seeing this chart.
Couple ways that growth could play out however, and we could see a correction still before long term growth. Likely this would end at the support area, or shoulder level.
Play it however you'd like really. If you're patient it'll be hard to not make money in this setup.
This is not financial advice. Want financial advice? Go to a financial advisor.
$KNC/USDT 1h (Binance Fut.) Channel breakout & Bullflag forming#KyberNetwork is looking ready for bullish continuation here since 100EMA & 200MA are acting as support!
Current Price= 0.91284
Buy Entry= 0.91150 - 0.90150
Take Profit= 0.93530 | 0.96045 | 0.99758
Stop Loss= 0.87770
Risk/Reward= 1:1 | 1:1.87 | 1:3.16
Expected Profit= +9.54% | +17.85% | +30.15%
Possible Loss= -9.54%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 120h
KNC possible breakouts- breakout coming soon
- scenario UP - breakouts higher and closes the right shoulder of a bullish inverted H&S pattern
- scenario DOWN - breakouts lower according to descending triangle pattern and drops to around 0.67 - 0.70 area
im here to learn, so im open for any comments you might have. thank you.
KNC flagKyber Network has seen a strong decline in price compared to Bitcoin during the past few months. It is now drawing a flag pattern on the daily chart.
Watch for the MACD to not make a crossover and for the Stochastic to curl up.
Entry: around 5150 sats (probable bottom of the flag)
SL: 4750
Targets: 6200 - 7200