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Kybernetwork

KNC: Resistance BreakoutTrade setup : Trends are mixed. Following a Falling Wedge pattern, price has also broken above $0.70 resistance and 200-day moving average to signal a bullish trend reversal, with +25% upside potential to $0.90 next. Stop Loss (SL) level at $0.62 (prior swing low). Pattern : Resistance Breakout. Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7. Trend : Short-term trend is Strong Up, Medium-term trend is Neutral and Long-term trend is Down. Momentum is Bullish (MACD Line crossed above MACD Signal Line) ABOVE days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.55, then $0.45. Nearest Resistance Zone is $0.90.
Long
by altFINS
KNC Bulls Charge: Price Breaks Resistance, Eyes on $2.22Kyber Network (KNCUSDT) is experiencing a bullish breakout . After hovering around $0.80 for a period, after surpassed a key resistance level, signaling a potential surge in price. The first target sits at $1.17 , a level KNC previously struggled to overcome. If this resistance is breached convincingly, the price could skyrocket towards $2.22 and even reach $2.80 by the end of 2024 or early 2025. This bullish momentum could propel KNC to even greater heights. Long-term predictions suggest the token has the potential to revisit its all-time high of $3.60 or even touch $6.00 within the next year or two. Reasons for Optimism Several factors contribute to the bullish sentiment surrounding KNC. The Kyber Network's role in facilitating seamless token liquidity across decentralized exchanges (DEXs) remains valuable. As the DeFi space continues to mature and adoption grows, Kyber Network's services become increasingly crucial. Furthermore, the KNC token itself plays a multifaceted role. It serves not only as a utility token within the Kyber ecosystem but also as a governance token, allowing holders to participate in shaping the network's future. Cautious Optimism Warranted While the current trend appears promising, investors are advised to exercise caution. The cryptocurrency market remains volatile, and unforeseen events can trigger price corrections. However, the recent breakout signifies a significant shift in KNC's momentum. With strong fundamentals and a potential surge in DeFi adoption, Kyber Network appears well-positioned for a prosperous future.
Long
by Z4F4R
KNCUSDT's Position in the Demand ZoneKNCUSDT's Breakthrough Bullish Momentum In the landscape of KNCUSDT, a remarkable development takes center stage as it confidently slices through the downtrend trendline. This resolute move sends powerful signals to market participants, underlining a compelling narrative. Positioned at the Demand Zone Further strengthening its case, the asset currently finds its footing at a demand zone, a pivotal area of interest for the bullish forces. This convergence of factors sets the stage for intriguing possibilities. 50% Growth Potential Analyzing the patterns and the previous upward momentum, we unearth the potential for an impressive 50% growth surge. This projection could propel KNCUSDT to new heights, offering a tantalizing opportunity for investors and traders alike. P.S. Trade setups and updates are always posted in our channel
Long
by CryptoPAMM
Volume profile range : 0.82-0.879Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (KNCUSDT chart) The key is whether the price can be maintained by rising above 0.82. (1D chart) To do so, the key is whether it can receive support and rise around 0.760. Since the volume profile section is formed in the 0.82-0.879 section, it is expected that a rapid movement will occur only when it rises above this section. If it falls, you need to check if it is supported around 0.666-0.702. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
Kyber Network At Attractive LevelsHello Crypto traders, today we will talk about Kyber Network cryptocurrency with ticker KNCUSD, where we see nice and clean bullish setup formation from Elliott wave perspective. KNCUSD sold-off in the second part of 2022, but in three legs A-B-C only, which means that correction can be coming to an end if we consider an impulsive five-wave rally from the lows since 2019 till 2022. Ideal support we see here around 0.60 – 0.40 area and from where we should be aware of a bullish continuation in 2023. First bullish evidence would be above trendline connected from the highs and above 1.0 level, while bullish confirmation is only above 2.0 region. Keep also in mind that we remain bullish as long as the price is above 0.11 invalidation level. Happy trading and investing! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BINANCE:KNCUSDLong
by ew-forecast
✴️ Kyber Network | BULLS Confirmed! (80% to 480% Potential)I was looking for something and I found it in the KNCUSDT chart. The market is one. The cryptocurrency market is one. Just as consciousness and life is all based on one, so is this market... At least that's my experience. The consolidation phase is still taking place. While consolidation takes place, we really don't know if things will go forward or retrace, we can't be 100% certain. We can read signals, we can make deductions, infer things from data but we can't never be sure until the event is confirmed by reality, by events. Here are the facts: The uncertainty seen all across is not present here, KNCUSDT is 100% bullish and giving out a clear picture. The major downtrend is being broken. The RSI is ultra-strong. Prices went below EMA100 but already closed back above this very important level at this point. The trading volume is really high on the bulls side after KNCUSDT hit a new low. The daily candle closes green, here we can expect additional growth. What one altcoin does, the rest follows and this one has the clearest of charts. We are must likely witnessing the opportunity of a decade... Time will reveal who was right and who was wrong. I don't know which side you are on but 'fortune favors the bold'. I am taking the leap... My money is on crypto... What about yours? Namaste.
Long
by AlanSantana
2
KNC - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. KNC lately broke below the blue support (1.0 - 1.2) so for the bulls to take over again, we need a momentum daily candle close above 1.2 Then I will consider adding KCS to my portfolio again. Meanwhile, as long as KNC is trading below the blue zone, we would be bearish and can still trade lower. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
10
KNC - Long Term Buy OpportunityKNC experienced strong downward price pressure over the course of September as the token crashed to its multi year lows in area $1.1-1.4, where is currently sitting. On RSI and MACD we can witness a potential bullish divergence on daily timeframes. RSI is in very "unexplored" areas as it is in deeply oversold territory (27-29), at levels reached only at the peak of the crash in June 2022 and October 2021. Nonetheless, price formed an higher low in the RSI vs the June 2022 crash. A retracement to higher levels is very likely anytime soon. I believe there is room for a reversal in price anytime soon. Volumes are falling, price is stabilizing, suggesting a potential U turn pattern. First macro resistance zone to breach is in $2.0 area. If it breaks can lead to further upside. Given long term nature of the trade, structuring the position including also spot buys would be preferable.
Long
by crypto_angelz