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Kyber

Is it DEAD? Current situation: 1. There were very bearish signs as I have mentioned in my previous, where there was a head and shoulders pattern inside a bearish symmetrical triangle. The head and shoulders pattern broke out and met its measured target. Now, the price action is being supported by the daily 200 moving average. But the symmetrical triangle was broken as well apparently and the measured target for that is about 0.75 If we break down below the daily 200, we will be under all major moving averages on this chart. In that case, these moving averages will act as resistance for price action getting back up. Depending on the distance between these moving averages, it could be a bumpy ride back up. If the distances between each of the moving averages then are small, it may be smoother because then price action can break multiple at once instead of each one by one, where the latter takes more time. 2. Volume: seller looks like it's still trending up with lower price action, signaling seller strength is still strong. 3. RSI: not quite oversold on many of the bigger timeframes and bullish is not apparent from the 4HR timeframe up. So I do not see a sign of reversal here on the RSI yet. * These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
COINBASE:KNCUSDShort
by CryptoRush_
3
Looking VERY BEARISH with these signs but will it go up instead?The current situation: 1. On the 4HR chart, there is a head and shoulders pattern apparent with the neckline at about 1.18 and it seems like price action has already broken through that neckline currently. The measured move is about 1.02, which is also where the daily 200 moving average is and can act as support for the breakdown. Also, if we zoom out to the daily chart, we can see that the head and shoulders pattern is part of a bigger bearish symmetrical triangle pattern. The measured target of that triangle is now about 0.75 2. Volume: seller volume has been steady and is most apparent on the daily chart. This is not a good sign for a reversal to upward price action as it does not indicate seller strength is weakening. 3. RSI: it is oversold on the hourly, with clear bullish divergence on the 1 and 4HR charts. This could be a catalyst for a reversal on these time frames IF they play out. The bullish case: 1. Price action does at least need to get back on top of 1.16 and the hourly 21 moving average to make a case to even start looking bullish. The bearish case: 1. The next level down where there was a bounce was about 1.10, if this level is broken, it will convince me that the symmetrical triangle has been broken. If the daily 200 moving average is also broken with price action start closing below 1, that will be a very bearish sign. * These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
COINBASE:KNCUSD
by CryptoRush_
Bigger bearish symmetrical triangle formed - signals to watchThe current scenario: 1. Market structure: price action previously broke out of a symmetrical triangle with the measured target to be about 1.6 USD (see my previous posts) but have failed to reach the target. After being rejected by the 6HR 50 moving average, price action has gone to as low as 1.18 and now formed a bigger bearish symmetrical triangle. The upside measured target from the apex of this symmetrical triangle is about 1.65 and the downside measured target is at about 0.87. It is also important to note that we starting this week's candle under the 21 moving average and the immediate support we have is the 3D 50 moving average. Breaking below the 3D 50 moving average will be a BAD sign so I would watch this level. 2. BTC dominance is currently reversing back up to about 60% and is at the 6HR 21 and 50 moving average. If this does not get rejected at those moving averages, more upside on BTC.D will mean altcoins are going to take a further hit overall. So it is very important to watch where BTC.D trends in my opinion. 3. RSI: there is currently bullish divergence on the hourly chart, let's see if this plays out and starts an upswing to the upper trend line of this triangle. The bullish case: 1. The 6HR 50 moving average, which was the previous resistance is now coming down and currently sitting at about 1.3. If we get price action above this moving average, it is a good sign for the bulls as the next moving average that will act as resistance is the daily 21 moving average currently at about 1.42. The bearish case: 1. The 3D candle closes below the 3D 50 moving average as that has been the support since the dump. * These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
COINBASE:KNCUSD
by CryptoRush_
BREAKOUT success - here's the next level of resistanceThe current situation: 1. Price action broke out of the smaller symmetrical triangle that should have been a continuation of the breakout of the larger symmetrical triangle on 9/9. The next level of resistance is the 6HR 50 moving average currently sitting at about 1.35 2. On the daily chart, it seems more apparent to me that this is indeed the recovery and I would expect more buyer volume to show up on the daily for more upward price action. 3. The RSI is in overbought territory on the hourly so I predict a pullback at 1.35 where the 6HR 50 moving average is. *These are purely my speculations and are not financial advice. You should always do your own due diligence before trading or investing.
COINBASE:KNCUSDLong
by CryptoRush_
2
Another move can be coming very soon after THIS level breaksThe bullish case: 1. Market structure: price action broke out of a bigger symmetrical triangle on 9/9 but has still yet to be reached as there are still quite a bit resistance levels to get over. Price action is now apparently in a smaller bullish symmetrical triangle, which has a 60% chance of breaking upwards. The level it needs to break out of in order for this pattern to be seen as broken is currently at about 1.24, which is also where the 1HR 200 and 4HR 50 moving average is now. The measured move of the breakout upwards is about 1.35 USD. 2. RSI: not overbought in any timeframe from the 1HR to the weekly, so there's room for upward price action. The bearish case: 1. The price action breaks downward at the apex of the triangle. If that case plays out, the measured move is about 1.1 USD. It's also possible that the price action continues to run in a tight range delaying a breakout *These are purely my speculations and are not financial advice. You should always do your own due diligence before trading or investing.
COINBASE:KNCUSDLong
by CryptoRush_
Weekly buy opportunities - Cashless societyI recommend entering a long position in the idea that the ultimate goal is to replace cash in society if you're an investor. As per Bitcoin cash's ultimate goal to achieve 'mankind scale, 50 transactions a day for 10 billion humans', coins such as Litecoin, Bitcoin, Bitcoin Cash hold massive potential. Kyber and 0x are not very applicable in this area, however it is always nice to generate some capital from a clearly bullish coin. The Gaussian channel indicator provides us this data Its only a matter of time
BINANCE:ZRXUSD
by Bixley
1
Kyber network looking BULLISH volume is very highkyber network RSI looking in oversold realm, MACD showing very strong signs of reversal towards the upside. volume is IMMENSE when compared to all the months prior. the green line shows where the trend has played with support flipping as resistance since very early 2020 and has been using it as support since july 10th. looking for a large pump very soon, i find it possible that it blasts right through 2.0 price. ---also it is possible that if it doesnt hold the green line as support it will do what it did before the most recent pump and will play below the green line trading sideways for a couple months before blasting off to much higher highs---
Long
by cam1lo
KYBER NETWORK 🟩 Levels To Keep An Eye On For Continuation💬 Kyber Network (KNCUSDT), also known as Kyber Network Crystal (a Star Wars reference), has been on a rip recently. Being the native token of a popular DEX that somewhat recently starting trading on major exchanges, there is some reason to be bullish on this beyond this chart! The question here today is this, can the bulls force push us out of this range, or will the bears Darth Mual these kyber crystals past the support levels below? Let's do a quick take on some levels. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- Support: S1: The S1 bullish orderblock is the first and most logical point of support for bulls on their journey to the moon, should they need it. S2: The S2 S/R flip and orderblock cluster is a strong support level that logically should see a reaction if retested. Below S2 is bad news for the bulls, so it will be vital for S2 to hold if we get there. Resistance: R1: if the bulls can find support and rally, or if we just break up from here, the R1 previous upper range becomes the first and only clear point of resistance on the chart. A break past this then gives the bulls another shot at making new highs. ----- Summary: KNC has been on an incredible run and there is no real sign the move is over. There is clear support for the bulls to hold if they should need it. Any break below support is pretty bearish after all of this, so holding support and eventually breaking R1 is paramount. Resources: www.marketwatch.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨
by AlphaBotSystem
#KyberNetwork $KNC #DeFi Just Getting Started Weekly Looking at our highest timeframe (trend timeframe) we can see Kyber Network has been in a major downtrend and has actually never been in a bull market...I consider this something interesting in a positive way. Look at the most recent price action starting from November 2019 we can see price action found support at $0.15 after testing multiple times for about 3 months until breaking to the upside. Higher high was formed at $0.82 followed by a higher low at $0.45. Price action then decided to form an ascending triangle followed by a breakout and now looking to form a new higher high. Stochastic RSI showing momentum is heavily in favor of the bulls with no signs of slowing down, resistance at $1.35 and support at $1.04 Daily Shifting over to our pattern timeframe we get a better picture of the ascending triangle breakout and can see a symmetrical triangle has formed on the smaller timeframe also leading to another breakout to the upside. Price action now looking to rest $1.35 resistance, stochastic rsi showing bearish momentum has bottomed out and we should expect another push towards the upside. A daily close above $1.25 is a good sign we continue. 4Hour Lastly shifting over to our trigger timeframe we can see price action has formed a higher high at $1.27 followed by a higher low at $1.24. A 4hour close above our most recent higher high activates trade and we should see a higher high form near our $1.35 resistance. Stochastic RSI showing bullish momentum has also formed a higher low and bulls are reloading for the 2nd wave. I wonder what price action will be when we are in a bull market...
BINANCE:KNCUSDLong
by UnknownUnicorn2434649
4