KNC will fly soonA triangle has started from where we entered "Start" on the chart.
Right now it looks like wave E of the triangle is over or at the end of wave E.
There is a supply on the way to the part. By consuming this supply and a downward rejection and then maintaining the green range, it can enter a medium-term bullish phase.
KNC will remain bullish while maintaining the green range
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Kncanalysis
KNC LONG SETUPHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the KNC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
KNC cryptocurrency trade. Our target $2.29Hello colleagues.
Today we publish a potential trade on KNC cryptocurrency.
This cryptocurrency is quite volatile, so trading it without stop orders is dangerous.
We expect a local bounce of KNC price to the $2.29 mark. Then, we should closely watch if the buyers will have the strength to continue growing. The local trend line has been lost by the buyers, so the global bounce of KNC could be over.
Local trade on KNC cryptocurrency
Entry : $1.882
Stop : $1.811
TP-1 : $2.057
TP-2 : $2.29
KNC (Kyber Network Crystal) Token Analysis 17/03/2021earlier we had analyzed it and now we are Updating The New Targets:
Fundamentals:
Kyber Network is an on-chain liquidity protocol 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 DApps, decentralized exchanges (DEXs) and other users easy access to a liquidity pool that provides 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.
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 earn staking rewards in Ethereum (ETH). They also determine the rewards that liquidity providers (LPs) receive on the platform.
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.
Kyber Network utilizes a variety of reserve types that contain a pool of funds used to provide liquidity — these are essentially smart contracts that control how assets are priced (e.g. using a price feed or algorithmically). Kyber can be integrated with other decentralized exchanges and shared liquidity pools. Reserves pay fees in KNC which are either burned or used for rewards.
In July 2020, Kyber launched its decentralized autonomous organization (DAO) program, which enables KNC holders to 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 DeFi protocol in the world.
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.
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.
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.
Technical Analysis:
very visible Hidden Bullish Divergence with MACD and MACD Histogram which is the sign of trend Continuation and Rally, after the Accumulation Phase.
there are total of 3 Targets Specified by Fibonacci Projection where as the 3 TP gets its confirmation after the 2 TP gets triggered and price made some Distribution and Correction along.
KNC to $40???I'm not a huge fan of making pattern trades without utilizing other technical indicators but KNC could be doing something very interesting here.
1) Like I said, not a huge pattern only trader, but when you see something like massive cup and handle formation on the weekly like we see with KNC, it definitely peaks my interest, as the longer timeframes have more credibility in their analysis.
2) another thing that supports this cup and handle is our rejections from the key zone of resistance, marked by the red box, have been becoming less and less. The more we test a zone of resistance or support the higher likelihood we will break it
3) If we extrapolate the cup and handle data the price target for KNC is right around $40 which would be a MASSIVE gain.
4) A move up to $40 would require KNC to have quite a high market cap but it isn't impossible, so expect we actually top out a bit lower than that, maybe around the $25-30 region.
5) Remember, this is not financial advice and always do your own analysis/research before making any decisions on the market.
KNC/USDT 2HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick KNC/USDT analysis.
I have tried my best to bring the best possible outcome to this chart.
Reason of trade:- KNC/USDT Triangle pattern create and buy the dip and green zone
Entry:- CMP and buy the green zone
Traget:- 35% to 50%
Stop loss:-$1.750
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
Do hit the like button if you like it and share your charts in the comments section.
KNCKeeping an eye on her! After a 446% boost wave we corrected, making a climax where bulls and bears are tied. leaving a beautiful symmetrical triangle pattern. I believe she will make the same move she said about the SXP cryptocurrency.
DISCLAIMER: Please note that my studies portray my personal opinion only and should be considered for educational purposes only. They should not be considered as a recommendation to buy or sell an asset!
I am not responsible for any damages to your capital. Your capital is at risk in the equity market.