Kybernetwork
KNC - Kyber Network Crystal | Are you a Believer? With an ever - expanding ecosystem, several attempts to optimize the overall DeFi use cases, Kyber is on a path to success!
KNC - The native token is certainly going to be the foremost beneficiary as the network adoption keeps on increasing and creates a supply-demand imbalance in the near future!
KNC Risk Reward - Hypothetical Key Area(s)A quick glance at some key support and resistance levels involving Kyber Network.
Testing .618 currently. Back test hopeful in the coming weeks to previous resistance at 3.57 level.
This is not trading advice and always to your own DD before entering a trade. GL
Ok, We Are Good! Kyber Network (KNC) Resumes Growing!We have a clear higher low on the KNCBTC chart, the correction is now complete.
We have higher highs followed by higher lows...
We have strong bullish action shaping up.
We have a bullish TD Sequential count starting now after conquering the EMA50 resistance.
When Kyber Network starts to grow, it will do so long-term.
We have first 90%+ and up to 180% potential profits target mid-term.
Thanks a lot for reading.
Namaste.
Kyber Network short term technical anaylsisThis is my first published idea, so help me out with some feedback and possibly a like!
I drew this trend well over a week ago, and price action seems to be moving towards the negative side as most altcoins are in the red. Risk increases in holding cryptocurrencies other than the major ones, which are still risky, so personally I have sold most of my altcoin positions seeing this trend continue during the next few weeks.
Kyber Network: Underrated?Decent trade set-up for an underrated project. Not Financial Advice... Cheers!
KNCKyber Network is doing things... Not financial advice, but this chart shows all the keys to success.
🆓Kyber Network/USDT Analysis (30/3) #KNC $KNCKNC has conquered the 2.6$ zone and is heading to 3$ zone, which is very strong and I think KNC has not been ready yet to conquer, but it will take us half of April to move sideways to 2.6$ then will make new big pump to 4$ zone
📅EVENTS
👉Apr 3 : BUX Listing
📈BUY
-Buy: 2.55-2.65$. SL B
-Buy: 3-3.1$ if A. SL B
📉SELL
-Sell: 3.0-3.1$. SL A
-Sell: 3.9-4.1$. SL A
♻️BACK-UP
-Sell: 2.55-2.65$ if B. SL A
-Buy: 2.1-2.2$. SL B
❓Details
Condition A : "If 12H candle closes ABOVE this zone"
Condition B : "If 12H candle closes BELOW this zone"
KNCUSDTKNC had a good run, just look at how it kept on pumping in the past 48 hours.
But it got rejected at the resistance area which is shown on the chart.
There are 3 supports on the way down, but I don't think it can be that strong since Bitcoin reached 60K as I'm publishing this idea.
All eyes are on BTC and ETH right now so altcoins like this are gonna hold back until the market starts consolidating for a while.
However, if you're into opening a long position on this coin, wait until the resistance is broken and a 4H candle is closed above it.
Tell me your ideas. Like and Share 🗣✅
Comment if you need a chart 💬
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.
Thanks for watching.
Follow if you like.
KNCUSDT (KYBER NETWORK) - UPTREND CONTINUATION ANALYSIS 🔎
- KNCUSDT brokeout above the double bottom neckline resistance.
- Price hit an ATH and retraced.
- Price is retesting the neckline resistance (flip horizontal support) and key fibonacci retracement levels (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this retest zone (High buying pressure).
- The retracement is resisted by the descending trendline resistance.
- Breakout above the descending trendline resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️
- Conservative entry : breakout above the descending trendline resistance.
- Aggressive entry (risky) : market price (now).
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
KNCETH, Sell on H1.KNCETH, Sell on H1.
H1:
- Structure: Downtrend
- Pattern: Triangle pattern
- Test trendline , EMA and below
- MACD: Down
=> SELL
KNCBeen following this one off and on for a while now...didnt pull the trigger before but now I will...too much confluence to pass it up..bounced nice on the kijun. volume is decent. blue targets are on the right.
The Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
$KNC - Kyber Network 3.0 comingFundamentally we have the 3rd release of Kybers network/protocol on the way - and the current DeFi app is very good as it is...
it is a fully on-chain liquidity protocol for seamless token swaps
Very bullish tweet from @KyberNetwork - Read this #DeFi research report by the Federal Reserve Bank of St. Louis @stlouisfed which includes an explanantion on smart contract-based reserve aggregation and how Kyber serves as a backbone protocol for a large variety of DeFi applications! (09/02/2021)
Technically speaking we have a bull flag break and in this environment this defo gives me the target of the 2.0 fib retracement of 2.76
As long as BTC doesn't retrace too firmly then this should be in the money