KNCPERP trade ideas
Khyber Network is in the Zone. KNCUSDIndeed. Continuing with the Crypto reviews, I can remark in multiple fractal pattern started and confirmed pivot in blue dashed line. We have it folks, this one is going up (and it looks like by a lot). As always, target in green, invalidation in red. Let's roll. Don't be stupid, this is not financial advice.
KNC, Expecting 300% run for 5th wave targetKNC about to start 5th wave of EW impulse cycle
time frame 8 weeks.
KNCUSD BreakoutKNCUSD looks like it is breaking out of a nice pennant on the hourly chart. A lot of big green volume spikes shows that there is quite a bit of demand.
Triple Bottom? KNC/USDTell me if I'm wrong but it looks like we formed a triple bottom on the daily.
Disclaimer:
-This is not financial advice, nor am I giving any advice for position, leverage or margin trading. I am NOT responsible for any trading decisions you make.
POSSIBLE bullish signals in a bearish pattern - can it reverse?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
Reversal looking more promising - BUT this support is crucialThe current situation:
1. Price action is currently ranging in a symmetrical triangle pattern as seen on the hourly chart, with 63% chance of breaking to the upside. The measured target is about 1.03 USD. It is also above the daily 21MA, which it has not done since the selloff since September.
2. On the daily chart, there was double bullish divergence and it could be playing out steadily right now, and we will see how far it goes.
The bullish case: price action closes on top of the following moving averages and it will be further confirmation that this is a reversal, as it has not closed on top of these moving averages since the selloff: the 4HR 200, 12HR 50 and the daily 21MA
The bearish case: if price action closes below the 21MA, which will indicate either a delayed reversal or lower price action.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
Very bullish signals apparent - will it play out this time?The current situation:
1. Price action has formed an apparent double-bottom pattern on the daily chart with the neckline at about 1.06 USD and the measured target to be about 1.3 USD
Moving averages on the 4, 6, 12HR and daily charts are consolidating at about the 0.9 to 1 USD level, which in my opinion is a good sign as price action is tightening and a big move is expected.
2. On the weekly chart, seller volume is decreasing with lower price action, which can be a signal that seller strength is weakening.
3. There are double bullish divergences apparent on the daily chart. If this plays out, this can be catalyst for a move up.
The bullish case: price action needs to get above some of the major moving averages, especially the daily 21MA, which it has not done since the selloff back on September 3rd
The bearish case: currently, price action has just gotten on top of the 1HR 21 and 50MA, which is a good start. However, if price action falls back below these 2 moving averages again, that is a bad sign.
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
KNC IdeaThis might happen, noticed a pattern and think it could play out, go in at your own risk, market is still kina shakey since the BTC drop from 12k a whole month ago, I'm fearing we might not see a market recovery until after the election, I'm probably holding out till then and depending on who wins will invest accordingly
Khyber Network Rising. KNCUSDThis is another emergent DEFI Token that is mighty volatile. We are moving up. Beginning/ending Subwave 4, good momentum. Goals are in gold, invalidation in red. NFA. Does anyone know why Khyber?
1D KNC/USD 10/01/2020Hitting residence on the daily at the 21MA and 200MA. 21MA is crossing below the 200MA bearish.
-Check out 4hr time frame below.
4HR KNC/USD 10/01/2020Broke above 100MA 4hr chart. Next stop is top of parallel channel then the 200MA. Looking to make close above, open above and find support on 100MA
KNC/USD 4HR | 21MA cross 50MAWe are seeing support above 21MA.
-21MA crossed 50MA in uptrend which is good.
-Daily time frame we wicked to the 200MA for the 2nd time and failed. Usually 3rd time is a charm
-We hit 66 on the RSI couldn't break above downtrend
Pay attention to 1.0422 of the 200MA. Could see possible pump to get above it. We are below all major MA's on the Daily. Below are linked ideas.
1D KNC/USDOn the daily, we broke through the 200MA. Looking to close above it (full candle) and possibly wick down as support.
Next stop is 21MA (D) at around 1.1073. We just now have a MACD crossing of positive momentum. Below is link to 4HR timeframe
4HR KNC/USDOn the 4HR we manage to find suppport on the 21 and the 50 MA respectively. However, RSI shows we topped out around d 65 over a large time frame. We are in a falling channel. If the 21MA crosses the 50MA we see more upside and use it as support. On the daily we are currently trying to break and stay above the 200MA which was just recently formed.
Good ol bullish divergenceThere is definitely risk of falling to the $0.70 region. Anything can happen in crypto, especially in Sep and Oct. I can't ignore a strong divergence and good probability of mean reversion when I see one though.
KNCUSD speculationPersonally, I am cycling some of my ZRX gains into KNC. Total speculation with minimal backing of indicators or chart patterns. Let's see what happens.
