Kyber Network *** Kyber Network is a very old project based on ETH network and with the recent growing interest in DeFi, they also transformed as a DeFi project.
This is one of the very first project from 2017/18 along side with projects like Komodo Plattform where you could swap your tokens.
Which we are doing now a days with UniSwap and other dozens of swap project.
Comparing to those projects Kyber Network is very low in price at the monet and could show good growth in coming years with the rising interest in Bitcoin and other digital assets.
*** This is just for educational purpose. Not an investment advice. I am just sharing my own analysis.
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POSSIBLE bullish signals in a bearish pattern - can it reverse?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
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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
Kyber Network Setup Looks Really GoodKyber looks close to bottom if not already been there. Been waiting for weeks for 200 SMA to Cross the 314 SMA. Looks very near. Little overhead resistance. Couple that with staking announcement any day now we might be looking for an rocket ship. Team looks good. Lot of players in the market but they standout for many reasons for big investors. Not saying it can overtake MAKER but I wouldn't be surprised. Add the fact stakers will be able to vote on number of coins burned thus increasing coin value makes it a no brainer long term. Please read white papers. Sit back and watch the fireworks.
kyber.network
calling moonshotsKyber looking sexy, forming a bullflag on the weekly chart, and currently sitting above a trend resistance lined turned support, this support in turn could act still as a resistance. I recommend indicator 'trend lines' for identifying trend lines and calling these moonshots, anythings possible.
The KyberNetwork can take a big move upto 5400%The KyberNetwork is moving within a pennant and since dec 2017 the support of the pennant cannot be broken even after 6 hits on the support.
At the moment the price action is again hitting the support of the pennant but this time it is also at 1.13 fibonacci of bearish shark pattern and due to the strong support of pattern the price action will not move more than this 1.13 fibonacci therefore I am taking the buying zone from 0.886 to 1.13 fibonacci rather than 1.13 to 1.618 fibonacci.
We have also pivot 1st support just beneath the pennant's support.
The formation of C to D leg will be started soon insha Allah.
The targets are:
Buy between: 0.00001410 to 0.00010653
Sell targets:
For secure targets sell between: 0.00027611 to 0.00055322
For aggressive targets sell between: 0.00062750 to 0.00078300
Regards,
Atif Akbar (moon333)
There is a trading opportunity to buy in Kyber Network...Technical analysis:
. KyberNetwork/BITCOIN is in a range bound and Resumption of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Trading suggestion:
. The price is in a range bound, but we forecast the uptrend would resume.
. There is a possibility of temporary retracement to suggested support zone (0.000187 to 0.000154). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000187)
Ending of entry zone (0.000154)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000235
TP2= @ 0.000274
TP3= @ 0.000313
TP4= @ 0.000369
TP5= @ 0.000440
TP6= Free