Knc
KNCUSDT Consolidation Over!
KNCUSDT (Day Chart) Technical Analysis Update
KNCUSDT Currently trading at $2.18
KNC started consolidation from May 2021 to Jan 2022, In the above chart, you can see the price is likely to breakout its major resistance line, and also you can see an increase in volume from the last 45 days.
Compare to other altcoin KNC looks very bullish.
Swing trade setup
Long Entry: Above $2.05
Stop loss : $1.70
Target 1 : $2.60
Target 2 : $3.00
Target 3 : $3.50
Target 4 : $4.00
Max leverage : 1x or spot market
Always keep stop loss
Watch the descending triangle breakoutKNC looks really juicy, did hold very well during the current short Bearish trend against the rest of the market including king BTC! That's something worth mentioning, but what's the connection? I think early birds sensing the potential of ZKyber and recognising finally the advantages of kyberswap while it allso looks really more than great from a technical/Fundamental point of view
The price is above various weekly EMA supports, as we are since almost a year in a descending triangle, but with a tendency to break this to the upper side and to start an attempt to test the old ATH.
Fundamental reasons: 1. ZKyber (2nd layer DEX solution are currently being built, testnet is online already with 100x and some cool features), 2. Dynamic Liquidity Mining & dynamic trading routing is getting finally its attention it deserves! 3. Number of wallets is increasing.
If market keeps bullish I see a good chance to visit the old ATH on 5,7$
This is not a call or recommendation to buy or trade KNC. Please do your own research and never invest more than you can afford to lose
$KNC around 300 days worth of accumulation$KNC is one of the market' with a different market structure. It has been accumulating between 100% range for around 300 days.
Breakouts from accumulations like these can be fast and high.
In the short term, price looks a bit over-extended and we might get to see it lower
01/02/2022 - KNC - Are all the stars aligned for KNC ?
KNC has had an exceptional journey (out of the dirt).
It is listed on multiple markets and its largest market is KRW (South Korean Won).
KNC/KRW is it's largest market with 30% volume. (source: CoinMarketCap).
I believe this reduces the dependence on BTC and improves the chances of KNC going up.
KNC 1H longSetup: KNC is reacting off the 9 EMA and has been in an uptrend. It is also above the 4h 200 EMA, giving extra confirmation to the trade. BTC also break out of its tight range, signaling a retest of 40k, giving KNC some room to run
Entry: When MACD crossover
Stop loss: Trail using 3 ATR trailing stop loss
TP: 2.2535
KNCUSDT Looks Bullish!KNCUSDT (Day Chart) Technical analysis update
KNC Slightly looks bullish, you can buy if the price breaks above the resistance trend line in day candle
Buy level: Above $1.97 (only buy after breakout)
TP 1:$2.30 , TP 2:$2.70 , TP 3:$3.30 , TP 4:$4.00
Stop loss: will update once we see the breakout
Max Leverage: 1x or buy it on the spot market.
KNCBTCHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the 4-hour time frame. There is the R1 resistance which the price has broken. The price made its pullback and received support at the R1 line which is now the support. Our final target is shown on the chart.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
KNC Long term Halloween Spot trade for you profit goblins!Hello Traders,
I have put together this trade set up and information for you to help you in your research. Please see chart for details and be mindful of your stop losses along the way moving them beneath the pullbacks to stay in profit the whole trade.
KNC Price Live Data
The live #Kyber Network Crystal v2 price today is $1.73 USD with a 24-hour trading volume of $48,869,324 USD. We update our KNC to USD price in real-time. Kyber Network Crystal v2 is up 6.77% in the last 24 hours. The current #CoinMarketCap ranking is #256, with a live market cap of $307,680,364 USD. It has a circulating supply of 177,809,350 KNC coins and the max. supply is not available.
If you would like to know where to buy Kyber Network Crystal v2, the top exchanges for trading in Kyber Network Crystal v2 are currently #Binance, #Mandala Exchange ,#OKEx, #Huobi Global. You can find others listed on our crypto exchanges page.
What Is Kyber Network (KNC)?
Kyber Network is a hub of liquidity protocols that aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (#DApp). The main goal of Kyber Network is to enable #DeFi DApps, #decentralized exchanges (DEXs) and other users easy access to #liquidity pools that provide the best rates.
All transactions on Kyber are on-chain, which means they can be easily verified using any Ethereum block explorer. Projects can build on top of Kyber to utilize all the services offered by the protocol, such as the instant settlement of tokens, liquidity aggregation, and a customizable business model.
Kyber looks to solve the liquidity issue in the decentralized finance (DeFi) industry by allowing developers to build products and services without having to worry about liquidity for different needs.
The Kyber Network Crystal (KNC) token is a utility token that is the "glue that connects different stakeholders in Kyber's ecosystem." KNC holders can stake their tokens in the KyberDAO to help govern the platform and vote on important proposals --- and earn staking rewards in Ethereum (ETH) that come from trading fees.
Who Are the Founders of Kyber Network?
Kyber Network began its development in 2017 and is built on top of the Ethereum blockchain. The project was founded by Loi Luu, Victor Tran and Yaron Velner, and currently has its headquarters in Singapore.
Loi Luu is a blockchain researcher and an advisor for various blockchain projects. He developed #Oyente, the first open-source security analyzer for Ethereum smart contracts, and co-founded SmartPool, among other decentralized projects.
Victor Tran is a senior backend engineer and Linux system administrator. He was the CTO at Clixy and 24/7 Digital Group as well as a developer for several projects in Vietnam.
Yaron Velner is the current CEO of B.Protocol, a decentralized backstop liquidity protocol, and was a postdoctoral researcher. Velner stepped down from his CTO position at Kyber in October 2019 but remains as an advisor.
The Kyber team is also composed of several executive advisors, engineers and designers. According to the official Kyber Network LinkedIn page, the company has over 50 employees --- most of which are based in Vietnam or Singapore.
What Makes Kyber Network Unique?
Kyber Network is the first tool that allows anyone to instantly swap tokens without the need of a third-party, like a centralized exchange. The unique architecture of Kyber is designed to be developer-friendly, which enables the protocol to be easily integrated with apps and other blockchain-based protocols.
DeFi has many use cases and possibilities. Therefore, no single liquidity protocol can fit the needs of all liquidity providers, takers, and other market participants. Kyber's liquidity hub architecture allows developers and the Kyber team to rapidly innovate and integrate new protocols into the overall Kyber Network to cater to different liquidity needs.
In April 2021, Kyber launched the Kyber DMM, the world's first dynamic market maker protocol (DMM). Kyber DMM is a next-generation AMM designed to react to market conditions to optimise fees, maximise earnings, and enable extremely high capital efficiency for liquidity providers, especially for stable pairs with low variability in price range (like USDC/USDT, #ETH/SETH). They will be able to support pools with extremely high amplification factors, which means given the same liquidity pool and trade size, slippage can be 100x (or more) better than typical AMMs. Depending on their amplification strategy, liquidity providers can maximise the use of their capital and have the opportunity to earn much more fees relative to their contribution size, while takers can enjoy extremely low slippage on their trades.
Kyber DMM is the first of many new liquidity protocols that will be launched on the Kyber 3.0 Liquidity Hub.
In the Kyber #ecosystem, KNC token holders play an important role in deciding new #growth and value-capture opportunities and incentive mechanisms. Through KyberDAO, KNC holders can participate in the #governance of the network by voting on important proposals. Kyber's #community is sizable and made up of a wide range of developers, in addition to other members of the blossoming DeFi industry.
Kyber's fully on-chain design enables the protocol to maintain full transparency and verifiability. The platform claims to be the most used liquidity hub in the world.
How Many Kyber Network (KNC) Coins Are There in Circulation?
As of May 2021, Kyber Network has a total supply of 210 million KNC tokens. Out of this, just over 200 million tokens are in circulation. The KNC token is dynamic, with the KyberDAO having the ability to vote to increase or decrease the supply in order to drive innovation, bootstrap liquidity, and reward early adopters of new protocols such as the Kyber DMM.
Kyber concluded its initial coin offering (ICO) on September 15, 2017, raising $52 million by selling each KNC token at a price of 0.00166 ETH. According to the official token distribution paper, 61.06% of tokens were sold in the ICO, 19.47% were saved for the founders, advisors and seed investors, and the remaining 19.47% was reserved for the company.
How Is the Kyber Network Secured?
As an ERC-20 token, Kyber is built on top of and secured by the Ethereum blockchain. In addition, Kyber uses an extensive trust and security model that protects users from misbehaving administrators or exchanges, thanks to security measures built in both at the protocol and smart contract level.
The platform has been audited by several third-party security firms and researchers, including #Chainsecurity, which have determined that the protocol is secure and hence free of vulnerabilities.
Where Can You Buy Kyber Network (KNC)?
KNC tokens can be purchased and traded on a variety of exchange platforms, including prominent names like Binance, Coinbase Pro, Huobi Global and Kraken. The token is currently listed on more than 20 exchanges and has more than a dozen trading pairs, including #stablecoins like #Tether (USDT) and Binance USD (BUSD).
If you are looking for a guide on how to buy KNC tokens or other cryptocurrencies using fiat, check out our detailed guide to get started.
Have a green week,
Savvy
Short Trades I Took $KNCHi, everyone!
Sharing with you the Short Trades I took last week and one buy setup.
In this chart, we are the 4H or 4 Hour Timeframe.
I was expecting a potential double top and I placed a short limit order at the previous highest wick.
During that time $BTC and $TOTAL were volatile and are dumping.
$KNC in a lower timeframe is not bearish that is why I took profit when it reached EMA20 (green) I took profit.
I believe that there will be another test of the highs of the wick but recognized that it's trying to break the resistance.
What I did is adjust my second entry again I recognize on the daily is the wick of the previous candlestick which could act as a resistance
I entered at 1.68
And took profit at 1.48
Sharing in the comment section the updates of my other short entries.
Indicators I use:
EMA 20, 50, 100
ATR
RSI
Stoch
The approach I usually do: Swing, Supply, and Demand.
Thank you for reading.
Please read also the updates so you can see my other entries for $KNC
Ciao!
Kyber Network (KNC) Buy ZoneKyber Network (KNC) Buy Zone
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BIAS
Long-Term : Bullish
Risk : Medium
Already retesting our previous lows, decent buying volume giving it a more than decent probability of retesting lower entry.
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$KNC/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 1.28 - 1.36
Mid-Term
TP 1 : 1.385
TP 2 : 1.42
TP 3 : 1.495
TP 4 : 1.582
Long-Term
TP 5 : 1.71
TP 6 : 1.89
TP 7 : 2.11
TP 8 : 2.32
Stop Loss : 1.165
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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