Kybernetwork
KNC/BTCThis cryptocurrency has done really well over the last 6 months, increasing by a factor of 7x! I have only been in this since the 6400s, so just a 2x for me, but I will take it!
Bearish divergence showing up on the weekly, might be time for this to cool down. Correction to the 11000s area, but may go down further, could see a retest of the breakout triangle.
KNC/USD- Retrace required for valid entryKyber has seen some incredible gains over the last week but now finds itself in 'no-mans land'
No valid support to speak of....(but correct me if I'm wrong)
I think we will see a slow retrace to lower support before bringing new buyers in and some really solid gains.
Shorting now for position, but long over the next few months.
Alternate entry is a further break but I'd struggle to justify an entry so high. (Seems far too pumped already)
May take a while but I think the lower buy line is valid.
As always, not financial advice, just my own thoughts and TA.
Bingaz
FRACTALS MAN... FRACTALS!! Just some interesting patterns I spotted, let's see if it holds true (probably not)
KYBER Bullish momentumHello Traders,
KNB/BTC just broke the symmetrical triangle on an uptrend direction, the chart is totally bullish.
On 1h Timeframes, we can see another bullish accumulation pattern forming.
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LONG - KNC - Trading OpportunityBINANCE:KNCBTC has finally managed to break above this resistance that had been holding it for quite some time now, after a beautiful retest, it seems like its ready to go for the next resistance. KNC is also a coin that is looking extremely good in the long term, as it's been on an uptrend for quite some time now, even being inside the weekly ichimoku cloud, it wouldn't surprise us if it was to go a couple of hundred percents up from here.
Entry: 0.00007856
Target 1: 0.00009021
Target 2: 0.000010195
SL: 0.00007359
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KNC in for a third? Please feel free to comment and challenge me on my TA. Hit a like to show support.
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- Setting a higher low from the previous low at the beginning of May.
- Only real resistance levels are the weekly (9042) and daily (10020) levels. These have not been broken since August 2018
- Crossed over the 50MA, which has acted as support two times since.
Now would be a good time to enter. If not, you can wait for a retest of the daily support (7075), but I don't feel the need to wait and will take the trade.
Kyber Network Looking StrongKyber Network (KNCBTC) has a completely different chart compared to most other altcoins, which all look similar in many ways.
Here we have the ATL hit in August 2019 and bullish since... After the price peaked, we have strong support in the light blue area.
Since this area has been holding strong since March, the price can easily continue to move higher.
KNCBTC is likely to hit a new high (higher high) since we are looking at higher lows on the retrace and the green trading volume bar is much bigger than the previous few.
The indicators are also looking strong and bullish (RSI and MACD).
This is what we see when looking at this chart.
Namaste.
KNC/BTC 1D (Binance) Channels & triangle on supportTA: Kyber Network is facing mid-line of big descending parallel channel and also small ascending channel support. It's also forming an "almost" symmetrical triangle.
FA: KyberDAO allows you to stake, vote and claim rewards, it will probably become the primary liquidity endpoint that the DeFi ecosystem can rely on.
Current Price= 0.00007070
Buy Entry= 0.00006977 - 0.00006517
Take Profit= 0.00008598 | 0.00010089 | 0.00012612
Stop Loss= 0.00004896
Risk/Reward= 1:1 | 1:1.81 | 1:3.17
Expected Profit= 27.43% | 49.53% | 86.93%
Possible Loss= -27.43%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1080h
KCN rangingKCN ranging on both daily and weeky timeframe.
- Weekly (white) range between 9042 & 6390 sats.
- Daily (blue) range between 10020 & 6248 sats.
- Expecting a retest of the support zone between 6248 & 6390 sats. Should we break below it we could see a sharp drop if volume follows.
- MACD showing signs of bearishness. See what happened last time the slow MACD took the upper hand?
Kyber Network in the Short Term Aside from the gruesome chop taking place in all the nooks and cranny of the financial world, some cryptocurrency has held its own.
I believe kyber is showing a strong base here in the USD pairing and in the short term I am looking for a target near the .54 price range.
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.
KNCBTC forming bullish BAT | Upto 12% move on hourly chartHi friends hope you are well, here I have found another profit potential trading idea for you and this time Kyber Network (KNC) is forming bullish BAT pattern and soon it will be entered in potential reversal zone to move up.
The Pattern:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) should be retraced between 0.786 to 0.886 Fibonacci then the price action will be ready to take bullish or upwards move.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Buy between: 0.00007277 to 0.00007152 sats
Sell between: 0.00007571 to 0.00008014 sats
Stop Loss:
The potential reversal zone area which is up to to 0.00007152 can be used as stop loss in case of complete candle stick closes below this level.
Regards,
Atif Akbar (moon333)