Kybernetwork
Kyber: Fulfill its DeFi Destiny by Breaching All-Time-HighsAn extremely optimistic view on Kyber Network breaching its all-time-high on the BTC pair in the short-term. This is given from the fact other DeFi coins such as Aave (LEND-BTC), Ren Protocol (REN-BTC), Elrond (ERD-BTC), Synthetix Netwok (SNX-BTC), and others have also reached their ATH levels.
Token supply from the exchanges are also being drained, most likely for staking rewards, found via the ViewBase platform
KNC / BTC - Binance - Has KNC Got More To Give? KNC has been a interesting coin from launch with some wild upswings in the early days the market has a sustained down period with limited price action giving users and traders a chance to buy in around the key levels.
In the past 2 weeks KNC has shown some signs that could indicate a larger run is on the cards back up to some key high levels giving you the opportunity to make some quick gains.
Look for key entry points if looking to enter this market but be aware once the price starts to climb it will do so quickly and retrace back down just as quick.
Signalyze tracking of KNC shows
BTC PRICE
0.00008099
CHG 24H
+8.537%
Trade
HIGH 24H
0.00008248
LOW 24H
0.00007003
BTC VOL 24H
1,086
Advised Buy Levels
If your looking to enter KNC/BTC wait for pullback's and look for quick exit's on the pump.
Trade safe and enjoy!
Signalyze
KNC/BTC looking strong after bouncing of the Pivot!If you like my ideas and the work I do, please check out the links in the signature and give me a like ;).
KNC is looking quite strong after a good push up and a bounce of the Pivot on the retracement, definitely worth keeping an eye on this. With a first target R1 at 21. And a stop under the Pivot with some room for wicks.
KNCUSD Long Position: Enter Katalyst and KyberDAOThis bull rally is likely due to the increasingly adopted Kyber Network protocols across multiple platforms, the successful advertising campaign and the announcement of the Katalyst and KyberDAO protocols.
With their release (7th July 2020), not only will the token see slight deflationary pressure (appreciation of token value) from burning tokens, but also the opportunity for users to stake their KNC tokens in order to vote on Kyber Network's actions. Staking will also be rewarded with the ETH collected from gas fees, further increasing the attractiveness of owning KNC tokens.
The long and short of it, KNC has further up to go. I am going long with a 100% target from here. Additionally, I will stake KNC and collect ETH along the way.
KNC/ETH Level to watch out forSelf explanatory take profits at the key resistance and buy at the supports
Happy Trading
Kyber Network The monster DeFiFor those who are surprised the the rise of Kyber Network let me explain the power of DeFI. Kyber allows you to swap your crypto without the use of an exchange and from the safety of your wallet, this makes it very convenient.
This Move is likely to be the beggining of a rally that might take Kyber to 10$ before the end of 2020.
The New Crypto Boom! Kyber Network Full Chart W/ Fib. LevelsKyber Network (KNC) Project Overview
Seamless Token Swaps, Anywhere
Kyber is an on-chain liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application.
Kyber Network Crystal (KNC) is an ERC-20 token and an integral part of Kyber Network.
KNC is the glue that connects different participants in the Kyber Network ecosystem, including both liquidity contributors and the different entities that leverage on the liquidity network.
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What is KNC used for?
KYBERRESERVES | Liquidity contributors
KNC facilitates the smooth operation of the reserves system in our liquidity network. To operate and provide token liquidity, 3rd party token reserves are required to purchase KNC to pay for their operation in the network. Kyber Network charges transaction fees, in KNC, from these reserves.
DAPPS / WALLETS / VENDORS | Entities that leverage on our liquidity network
By registering and plugging into our liquidity network, DApps (decentralized applications) and businesses earn commission in KNC after every transaction that they facilitate in Kyber Network. For instance, a DApp platform integrated with our APIs will receive referral fees in KNC for directing more users to our network and helping us generate greater adoption.
NETWORK FEES
In each transaction, a portion of the collected fees (in KNC) on Kyber Network are taken out of circulation forever.
Source/Website: kyber.network/
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The New Crypto Boom!
Here we have the Kyber Network (KNCBTC) full long-term chart on Binance, we are looking at the weekly (W) timeframe.
KNCBTC bottomed in August 2019, when the altcoins market hit its first bottom.
From this month forward, KNCBTC and many other altcoins started to grow.
Many others, continued to print new bottoms, while others went on a very long consolidation phase.
KNCBTC is definitely moving ahead.
Since most altcoins that bottomed in August 2019 are also reversing, we can expect them to follow this same trend.
In less than 1 year (329 days), KNCBTC managed to only print higher highs and grow by as much as 1350%.
But, where are prices headed next?
What we see on this chart is very healthy/strong growth, which is extremely good as it opens the more for more.
The RSI remains strong and the MACD is on the bullish zone.
I marked all the future resistance levels based on Fibonacci proportions, we use these as our targets...
Where people sell for profits or where prices face resistance (stop/retrace) before any additional bullish action can take place.
I marked all the levels including a new ATH.
How far up do you think prices will go ❓❓❓
Share with us in the comments section below...
Namaste.
KNC/BTC good R:R trade setupKNC reversed at the .236 and is now currently trading at .00012892. The reason I like this pair so much and this trade is because of the Risk to Reward. The Stop loss is at .0001170 and the first target is .00017. The trend will continue up the Fibonacci ladder and I have my final TP3 at the .618 .00028. This is a long term trade and some may find that the TP1 is a more likeable trade. Either way I hope you found this helpful and don't hesitate to comment, like, or give feedback. Happy Trading! (DISCALIMER: THIS IS NOT PROFFESIONAL FINANCIAL ADVISE)
KNCBTC anothe bullish reversal pattern is formedHi friends hope you are doing well and welcome to the new update on Kyber Network. The KNC has surged more than 930%. Therefore in today’s post we will try to have complete analysis how how the KNC surged and what the price action can do next.
A big butterfly move:
Last year in September 2019 I posted in article on tradingview. Where I revlealed that the price action of Kyber Network has completed the formation of bullish Butterfly and it can make up to 512% big move. And finally as per prediction the price action took a powerful bullish divergence and produced more than my Expectations and that is 930% very big move.
A descending triangle and bullish signals:
There was another bullish signal that the price action of KNC gave before taking this powerful bullish divergence. The price action of Kyber Network was moving in a descending triangle and in May 2020 it was moving in the area where the trader’s interest was very low as per volume profile indicator. I have also placed the moon phases indicator on this chart and you can see that the new dark moon was appeared exact at the support of this triangle and the new full moon was above the resistance of the triangle. That was a clear indication that it will be difficult for the priceline to break down the support and it will breakout the resistance. And finally the price action followed the signals and broke out the resistance of this triangle.
Bullish reversal signal after correction rally:
After first bullish move in the month of March 2020 the price action started a correction rally. During this correction rally the price action completed an other bullish reversal pattern on the weekly chart that was another clear signal that the price action will not stop here and soon it will make another powerful bullish move. And that pattern was a Cup & handle. The resistance of the Cup was at $10,000 and the handle of the cup retreced upto 0.382 Fibonacci retracement level and finally broke out the resistance of this cup.
Support and resistance levels:
Now if we switch to the 4 day chart then we can observe four major resistance and support levels. 0.00006500 sats, 0.00010000 sats, 0.00014000 sats and 0.00027500 sats. The price action formed a double bottom on 0.00006500 and broke out the next resistance of 0.00010000 sats and moved up to 0.00014000 sats resistance level. Now the price action is facing hard resistance at this level. If the priceline of Kyber network will be moved down then it can retest the previous resistance as support at 0.00010000 sats. The 0.00014000 sats is very important resistance for the priceline as if it will be broken out then there is no significant resistance from this level up to the next resistance level of 0.00027500. Therefore this 96% gap will be covered within a no period of time after breaking out the 0.00014000 sats resistance.
A bullish reversal harmonic pattern is formed:
While the price action is stuck at 0.00014000 sats resistance level it has formed a bullish Shark pattern on a very small time period 4 hour chart and entered in the potential reversal zone of this pattern. Even though this is not as that much big pattern that can give a powerful push to the price action to break out the next resistance however this bullish reversal pattern can be e helpful.
Conclusion:
If the next resistance level will be broken out then we can again see another very powerful bullish move. But if it will not broken out then the price action may start a bearish rally up to the previous support at 0.00010000 sats.
Bullish Accumulation pattern on KNCHello, traders.
KNC is forming a bullish pattern called a bullish rectangle after the symmetrical triangle breakout.
The target is of the rectangle breakout is on the 0.00020 sats area.
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Kyber - why stop hereKyber seems to be going up systematically, don’t see why it should stop here. Would be interested in its usage statistics and tokenomics to check correlation
Entry: $1.25
Target: $2.50-6.00
Adjust: $2.50
Stop: $0.58
#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...