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Kyber Network / Bitcoin

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KNCBTC trade ideas

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. -- 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/ --- 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.
by AlanSantana
2
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. -- 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/ --- 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.
Long
by AlanSantana
5
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)
Long
by INFENERGY
2
KNC/BTC (Bearish Double Top?)KNC/BTC -hitting weekly resistance area -potential bearish double top -weekly bearish divergence RSI -multiple retests of flat support which is bearish -unable to get above 50ma&100ma on 4h chart -a decline in volume indicating a large move -RSI is below 50 level which is bearish -you can enter a Sell position on the retest of flat support -that's an aggressive entry with stop loss above 50ma -or you may wait for the break of support before entering Short position -the downside target is 9300-9000 sats
Short
by PolarHusk