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Kyber Network / Bitcoin

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KNCBTC trade ideas

KNC/BTC Trade Setup. Bullish Div. on RSIBullish Divergence on the RSI... higher lows, and yet the price has stayed about the same. Big resistance at 6k, but after that we are clear until 7.4k. Kyber Network Credits (KNC) has spiked to that level twice already on kucoin. So that is where I would place the first profit target, around 7.4k satoshis. A good stop-loss would be 5k satoshis, but that's up to you. I set alerts for certain price levels rather than stops, so I can analyze the situation instead of being auto-stopped out of a trade. As for longer term profit targets, we could realistically hit the 9-10k satoshis range. Typical practice is to sell half at the first target, and hold 25-50% for future targets. Very important...! I know little about this coin KNC fundamentally, so it is automatically a high risk high reward trade for me. I put a small bag in this coin, 2% of my portfolio, with a 60% sale target at 7.4k sats. I wish I had more time to do research on setups like this, but for the time being I am incredibly busy. Thank you, and good luck traders!
Long
by darth_bitcoin
There is a possibility for the beginning of an uptrend in KNCBTCTechnical analysis: . KyberNetwork/Bitcoin is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 39. . While price downtrend in the Daily chart is not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00006300 to 0.00005040). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00006300) Ending of entry zone (0.00005040) 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 the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00008680 TP2= @ 0.00010000 TP3= @ 0.00011750 TP4= @ 0.00013140 TP5= @ 0.00015900 TP6= @ 0.00018700 TP7= @ 0.00020600 TP8= @ 0.00023530 TP9= @ 0.00027380 TP10= @ 0.00033470 TP11= @ 0.00044000 TP12= Free
Long
by ForecastCity
There is a possibility for the beginning of an uptrend in KNCBTCTechnical analysis: . KyberNetwork/Bitcoin is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 39. . While price downtrend in the Daily chart is not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00006300 to 0.00005040). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00006300) Ending of entry zone (0.00005040) 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 the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00008680 TP2= @ 0.00010000 TP3= @ 0.00011750 TP4= @ 0.00013140 TP5= @ 0.00015900 TP6= @ 0.00018700 TP7= @ 0.00020600 TP8= @ 0.00023530 TP9= @ 0.00027380 TP10= @ 0.00033470 TP11= @ 0.00044000 TP12= Free
Long
by ForecastCity
There is a possibility for the beginning of uptrend in KNCBTCTechnical analysis: . KYBERNETWORK/BITCOIN is in a downtrend bound and beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 33. Trading suggestion: . The price is in a downtrend and we forecast the uptrend would begin. . There is a possibility of temporary retracement to suggested support zone (0.000130 to 0.000109). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.000130) Ending of entry zone (0.000109) 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 the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.000161 TP2= @ 0.000187 TP3= @ 0.000207 TP4= @ 0.000235 TP5= @ 0.000274 TP6= @ 0.000313 TP7= @ 0.000369 TP8= @ 0.000440 TP9= Free
Long
by ForecastCity
There is a possibility for the beginning of uptrend in KNCBTCTechnical analysis: . KYBERNETWORK/BITCOIN is in a downtrend bound and beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 33. Trading suggestion: . The price is in a downtrend and we forecast the uptrend would begin. . There is a possibility of temporary retracement to suggested support zone (0.000130 to 0.000109). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.000130) Ending of entry zone (0.000109) 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 the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.000161 TP2= @ 0.000187 TP3= @ 0.000207 TP4= @ 0.000235 TP5= @ 0.000274 TP6= @ 0.000313 TP7= @ 0.000369 TP8= @ 0.000440 TP9= Free
Long
by ForecastCity
1
KNC/BTC looking for a setupHi everyone, quick analysis on Kyber Network :) Trading within a longer term wedge pattern (in blue) and seeing a gradual decline over the past week (as with all other altcoins). This tells me that the altcoins are generally in the oversold zone and edging at their lower threshold. Some key levels to watch for are 0.00017 and 0.00013 as points of key support/resistance based on historical patterns. My take is that if KNC were to rollover downwards from the blue support trend, the next lowest level of support would be 0.00013. For those greedy folks you might want to wait this out. However, for those not wanting to miss the boat on this opportunity, i'd say the Risk-to-Reward Ratio is still favourable. How i would play this: I'd go long at the 0.00016 - 0.00017 range with a 30% stop loss at 0.00012, with different exit levels as indicated. The pivotal point is KNC to break the overhead resistance trend (blue), following this i i'd use key Fibonacci to project my exit levels. If im feeling really greedy, i might watch for the RSI to kiss the 30 mark - then again, there is no perfect level so i'd suggest a buy zone and not specific levels Happy trading :) *Not financial advice*
Long
by gingerbre4d
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
Long
by ForecastCity
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
Long
by ForecastCity