KNCBTC trade ideas
Buy the retrace and Earn Hi Traders,
KNC/BTC has taken off massive momentum, open positions on next 30 minute candle on the retrace and buy the red line.
Targets green lines 100% profit potential.
KNC/BTC buy zone + bull divKNC is approching buy zone. It is a big support and we have a bull div on 12h chart. Potential reversal zone.
Being cautious with KNCFrom my previous idea KNC did a rebound but it didn't hold and continued to fall. I still don't really know why it's dumping this hard compared to other coins.
From what I see, we have 2 supports lines and we already touched once the first one.
We've broken the first downtrend, but we're still not in a uptrend, although the fall is now slower. We can be in a uptrend again when we break that second downtrend but to do so we will need an increase in volume (who was slowly getting lower too). For that KNC needs to have some goods news soon like the complete mainnet release, but that shouldn't happen before april. On the other hand KNC have already fallen alot (around 60% from ATH) so it doesn't have much room to go even lower.
I'd wait to see what happen around theses two supports or for some positives news first before doing something again with KNC.
KyberNetwork #KNCBTC - down to 61% Fibo , now what?The cryptocurrency KyberNetwork KNCBTC is located at the 61% lifting of Fibonacci after an unsuccessful attempt to break above the key resistance zone at 49140 - 53978. The current support for the price is at 20,000 and has already been slightly affected. Apart from that, there is no explicit demand response at this level, so further declines towards level 14396 are preferred.
Cup and handle forming on KNC?KNC took a huge dip in the last week, but right now I see a potential cup and handle forming.
Unlike most alt coins out there, Kyber Network have a solid product that actually exists, and a great team to back it up. With the rise of exchange hacks, their decentralised exchange is actually useful, and will only get better. Keep an eye out for this one, it's looking bullish to me. Of course, all of this depends on what happens with BTC over the coming hours/days.
Bullish AF on KNCCup and Handle forming along with higher low on candlestick chart and lower low on RSI. If you don't know about KNC, do yourself a favor and DYOR.
Buy zoneSoon we'll be reaching a support zone. Between the two blue lines is definitly a buy zone. Don't set buy orders yet because if the lines don't hold we may even see lower price levels.
$KNC $KNC.B - Kyber - 4hour Chart BinanceI was asked to run a chart on KNC, this one is for Binance. It is on a heavy downtrend at the moment. Its riding the bottom bollinger band with a large bearish candle and RSI is below 30% which shows signs of it being oversold. The oversold RSI can be a sign there is a reversal soon, though if I were to buy in, I would wait until RSI goes positive and we see some bullish candles. This may not be the bottom for KNC so buying in should wait. If you are holding this, either wait to gain some losses back or I may take the loss and re-invest elsewhere.
Kyber Network uptrend trend continuation?Looking at the uptrend the retracement of the overall movement have been from 5.0 level. With the converging MACD buy signal will the trend continue to make a new high ??
Kyber Network. KyberNetwork
FA is great and will be holding this bag for the rest of this year. I have started a small position at current price and will average down. Bids at green boxes set.
KNC bottoming in a few hoursRed and orange channels coincide at 0.618 Fib level. Also, on 20 MA, volume is increasing slightly and RSI sub 30. If that support is not breached, a rise can be expected to at least orange channel resistance.
There is also a bullish divergence as noted by glencastleberrry ().
Bullish divergence on KNC Kyber Network 2hrRSI increasing while creating lower lows. Bullish divergence evident on 2hour chart. Expect upwards motion.
Profit Target 1 is at 61 fib retracement. Trading channel should then be between 61 fib retracement and profit target 2 once 61fib retracement becomes support.
$KNC $KNC.X - Kyber NetworksPeople been talking to Kyber though its been on a hard downtrend. One thing about this chart even with ll the sell signals, its hittig bottom of the fib chart and the bottom Bollinger band. If your feeling risky and like to buy on the bottom this may be a good choice. Until we see if there will be a bounce near the bottom wont have a good idea when it will bounce back.
KNC is bottoming out, strap inKyber just released its Mainnet Pilot and it nicely coincides with the end of wave 1 of primary wave 2, so this coin should be seeing some volume and gains, hopefully soon. Take a look and let me know if you agree with my chart.
This is my opinion not advice.
