KNCUSDT
Reversal looking more promising - BUT this support is crucialThe current situation:
1. Price action is currently ranging in a symmetrical triangle pattern as seen on the hourly chart, with 63% chance of breaking to the upside. The measured target is about 1.03 USD. It is also above the daily 21MA, which it has not done since the selloff since September.
2. On the daily chart, there was double bullish divergence and it could be playing out steadily right now, and we will see how far it goes.
The bullish case: price action closes on top of the following moving averages and it will be further confirmation that this is a reversal, as it has not closed on top of these moving averages since the selloff: the 4HR 200, 12HR 50 and the daily 21MA
The bearish case: if price action closes below the 21MA, which will indicate either a delayed reversal or lower price action.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
KNCUSDT AnalysisAt this moment, there are 3 SELL signal present and I'm BEARISH.
So, I don't think this is a good time to buy yet.
Since I have only 3-4 months data on KNCUST, I'd highly recommend you to wait for EngineeringRobo's BUY signals to be present if you'd like to buy again.
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
KNC/BTC (Found Support: Double Bottom?)💎Technical Analysis Summary💎
BINANCE: KNCBTC
-Kyber Network is trading at key support area (previous resistance)
-The price retested and saw Bullish rejection
-This could be a potential double bottom if it can break previous High
-Entering at the current price is highly aggressively but with tight stop loss
-But if you want additional confirmation, enter on a breakout above 9700s sat
-The upside potential is up to 128k sat or higher
``````````````````````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
``````````````````````````````````````````````
Kyber Network (KNC) - September 13Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
It rose after touching the uptrend line (2) and the 1.05435354 point.
You need to make sure you can get support at the 1.26937200 point.
Breaking the downtrend line (4), it remains to be seen if it can move above the 1.43039721 point.
If it falls from the uptrend line (2), it is a short-term Stop Loss.
-------------------------------------------------- -------------------------------------------
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
KNC/BTC (Bearish Pattern?)KNC/BTC
-Kyber Network is potentially painting a bearish H&S pattern
-The confirmation of this pattern is the break of the neckline
-The target below is the 200D MA and previous resistance area
-I'm not saying KNC will go straight down
-But only giving you a heads up and protect your account
-Please Use proper stop loss & follow your trading plan
-Know when to exit your trades if becomes invalid
KNCUSDT ANALYSISBuy at the $ 1,603 sell at the $ 1,873
It is ok to buy now sell at the resistance line( $1,873) or sell with the EngineeringRobo' s sell signal
Catch the EngineeringRobo' s buy signal watch carefully EngineeringRobo' s sell signal.
Have a good trade. If you want to use EngineeringRobo please dm me.
KNCUSDT AnalysisI have mixed views about Kyber. There was a BB Sell signal on August 7th, 2020, indicating that it is time to sell it. However, today, Engineering Robo 1 is giving a Buy 1 signal. There was also a BB Buy signal on July 28th. The trend has been moving above the uptrend line (support level). I can choose to buy it and sell at the resistance 1.858 resistance level. If the candle goes down and breaks down the support level with an open-close candle below it, then I will sell it.
Kyber Network (KNC) - August 5Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
-------------------------------------------------- -----
If it falls on the uptrend line, it is a short-term Stop Loss.
If it falls, you should see if you can get support at the 1.26937200 point.
We need to see if we can rise above the 1.50627615 point.
You must be absolutely supported in the critical section, 0.85006658-1.05435354.
To do this, we need to be supported by the uptrend line (2).
-------------------------------------------------- -------------------------------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
KNCUSDT Higher Lows Structural Resistance|Volume Influx|.618 FIBEvening Traders,
Today’s Analysis – KNCUSDT – bullish price action trading into its apex where a break will be imminent.
Points to consider,
- Consecutive higher lows
- 21 MA support
- Key structural resistance
- Oscillators above 50
- Strong volume influx
KNCUSDT has established consecutive higher lows under key structural resistance; this gives us a bullish bias on the market.
The Oscillators are both trading above 50, further solidifying the short term bullish bias.
Immediate support, the 21 MA, in confluence with the .618 Fibonacci, if price retraces it must hold as this area is the apex.
A strong volume influx is evident, it needs follow through which is a technical signal of demand being present in the market.
Overall in my opinion, a retrace to the .618 Fibonacci will allow for a valid long, risk is defined at previous swing low. This is front running the break so discretion must be used upon management.
What are your thoughts?
Thank you for following my work!
And remember,
“If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” – Mark Douglas
(2h) Binance, KNCUSDT, About to break resistanceAt this price, KNCUSDT is doing correction for 2H but on 4H, KNCUSDT is really overbought
Rebound line can be used for stealing entry or early entry
But if KNC want to have good move like 30% pump, it will be good to have some times for correction
disclaimer:
-> this is not financial or trading advice
-> read the chart carefully and compare with other analysis
-> this analysis can 100% wrong, your action is your own risk