BINANCE:KNCUSD.P Technical Analysis, Fib Retracement + Resistence zone Short Term Targets : 0,65/ 0,60 / 0,55 If we can see Bitcoin can Broke all support zone we keep our knc Targets.
Just an idea labelling my view and what I see, I tried to keep it unbiased as possible. I identified some local, minor, major, long term trend lines & support & resistance zones. From those lines drawn up I noticed a descending triangle forming with the LTDT and the Major Support, also, the RSI has equalized from the most recent pullback, and has room for...
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We can see that knc cant push it any further above 4-5 so this setup is meant to take advantage of the Ichimoku cloud. KNC will retrace to ichimoku.