KNCUSDT - Symmetric triangle PatternKNCUSDT (1h Chart) Technical analysis
KNCUSDT (1h Chart) Currently trading at $38916
Buy level: Above $1.65
Stop loss: Below $1.48
Target 1: $1.73
Target 2: $1.85
Target 3: $2
Target 4: $2.3
Max Leverage 3x
Always keep Stop loss
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Knc
#KNC/USDT 1HOUR UPDATE !!Hello, dear traders welcome you to this KNC/USDT 1hr chart analysis.
I have tried my best to bring the best possible outcome in this chart.
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ENTRY:-$1.55,$1.65
TARGET:-60% TO 70%
STOP LOSS:-$1.45
LEVERAGE :-10X TO 20X
As we can see from the above-mentioned chart that KNC/USDT was trading inside the symmetrical triangle pattern and broke upside.
Now, KNC is trading in a support zone and retesting the upper trend line.
Here I am expecting a bounce from the current price level which is $1.6 towards the price level of $2.7 which is almost 70% from the current price level.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
KNC dipping further?! Hey, $KNC had an amazing run the last months but retraced significant from the last local top - this is a very simple and nice setup - we are waiting for losing the fairtradezone ride down to the next accumulation area or bounce before - so very simple invalidation and sweet RR imo. Im taking this with x3 lev and bigger pos.
KNC swings beautifully! What a beautiful chart to watch KNC pull these massive projected patterns over time. Having the patience to sit in these long trades is another story.
I originally thought this climb would stop at the 1.272 extension. But maybe we have room for a 1.618 past the ATH wick after this retrace. Time will tell.
I enjoy long range projecting for fun. I recently decided I would start publishing my ideas on Trading View. Although this idea has partly played out, Id like to start keeping my self more accountable!
KNC is on the brink of a dumpSo I've been observing KNC for weeks now, it has had a great run. Since the beginning of the year it pullled out a +350% and rose steadily but now it's about to breakdown a rising wedge and not a normal one, it's a very steep wedge as you can see on the daily chart .
The bearish DIV are visible on every oscillators I've checked, here you can see just OBV, RSI and MACD but it was present even on MFI, the signal is clearly bearish. The most significative is OBV, such strong DIV isn't to be ignored.
I do not indicate a precise entry price for the short because I when I short I usually use low timeframes (15min and even 5min) but you can use EMA 200 and my wedge's bottom line as indicators of the broken trend.
My target is that by "book" so use my supports to create your strategy, on the long run I think this might go down much more than 22% but when you short you should try to enter at the right moment and make the maximum in the less time. Use stop loss because market is bearish now but because of all the dupming sometime you see sudden pumps.
Unfortunately I'm currently using kucoin where I can't short this but I wish you good luck.
KNC/USDT : Breaking below the wedge, But still into channel!BINANCE:KNCUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$KNC has formed an ascending channel and it's currently moving into it,
On other hand, there was a formed rising wedge that got broken by recent candles.
This rejection has come with an opportunity for us to locate our Short toward the channel's lower!
If you're not interested in the market's bias yet; Then you can wait for the channel's rejection and locate your Short on a proper retest of the broken channel...
Be advised that if any rejection happens below channel; Then the main support are $4.35 and $3.55!
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Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades