KNC flagKyber Network has seen a strong decline in price compared to Bitcoin during the past few months. It is now drawing a flag pattern on the daily chart.
Watch for the MACD to not make a crossover and for the Stochastic to curl up.
Entry: around 5150 sats (probable bottom of the flag)
SL: 4750
Targets: 6200 - 7200
KNCBTC trade ideas
KNC patience timeHello traders.
We are also paying attention to KNC/BTC witch is breaking a bearish trend on the daily chart
But we must be careful with altcoins at this moment, considering the BTC is recovering some market cap, and if we break 16,600 our next target will be 20k
So we expect altcoins to slump as BTC continues the uptrend movement
Our box is an excellent entry point in any direction the price goes.
✳️Kyber Network/BTC (10/11) View + Trading Plan #KNC $KNCKNC is having a strong rebound from the 4500sts zone and the next targets are the 6500sts and 8000sts zone. The 8000sts is very strong and could be a reversal zone and KNC will continue to fall strongly in the near future.
📈BUY- LONG
- Buy close to 5000-5250sts. Stoploss if B
📉SELL-SHORT
- Sell: 6500-6750sts. Stoploss if A
- Sell: 8000-8250sts. Stoploss if A
♻️BACK-UP
- Sell close to 5000-5250sts if B. Stoploss if A
- Buy: 4500-4750sts. Stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Kyber Network KNC/ BTC - Swing TradeOscillators indicate strong buying signals for Kyber Network on the KNC/BTC chart on the 1D and 3D TF.
It seems like KNC has completed its correction and that it has found support on the red trend-line from where it has already bounced (see red line).
There is strong bullish momentum for a pump up to 60% (entry between 0.00004924-0.00004956)!
Swing Trade KNC-BTC (R:R=3.5+++):
entry@ 0.00004924-0.00004956;
TP1@0.00006288;
TP2@0.00006799;
TP3@0.00007898;
NO stop loss recommended for this crypto for fundamental reasons
(in case price falls considerable lower, add more KNC to your portfolio -> accumulate it and hodl/stake it for long-term)
I´m not a financial adviser. For educational purpose only!
KNC/BTC (Found Support: Double Bottom?)💎Technical Analysis Summary💎
BINANCE: KNCBTC
-Kyber Network is trading at key support area (previous resistance)
-The price retested and saw Bullish rejection
-This could be a potential double bottom if it can break previous High
-Entering at the current price is highly aggressively but with tight stop loss
-But if you want additional confirmation, enter on a breakout above 9700s sat
-The upside potential is up to 128k sat or higher
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Not Financial Advice
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KNC/BTC - Swing Trade Weekly/ MonthlyOne of my fave Defi projects
Targets as suggested. remember resistance turns into support, buy at support to re-enter. On the Weekly / Monthly chart this is very strong, longer time frame charts gives you more clarity and more assurance that your coin will do better than looking into smaller timeframes. Longer time frames determine how the shorter timeframes do anyway.
Currently on this weekly chart, we are consolidating.
Rebuy zone anywhere between 14500- 16000 SATOSHI
KNCBTC 200% HODL2 scenarios, option 1 is in orange. itll break thru the resistance and go for the purple targets. or option 2 itll reject from resistance at about 10% and come back to support before going to the purple targets. set stoploss below the previous swing low which is in red. this is not a fast trade. it looks like itll be about a 2 month hold
these targets are not promised. sometimes price only goes up half way and back down to support. also the price will not go straight up, itll zig zag its way up. so dont panic sell if the price goes down a bit. as soon as you see the high is lower and the low is lower then you can sell because itll probably trend back down. if the high was lower and the high is high again then you know we will continue to trend up to the top
trailing your stop loss everyday is a good idea too. but dont trail too tight before the stop hits and goes back up.