KNCPERP trade ideas
knc and the bullish crabKNC just escaped a bearish butterfly in the making, to create a bullish crab honestly was beautiful to witness.
Cup and handle!!good risk/reward here. cyber network has huge potential. as all dex coins showing strength, this should go up
KNCknc is currently at an important double support from a monthly fib trend and its more recent monthly fib retrace (the 0.73 trend fib and 0.5 retrace fib which are constant buy zones imo) if bought here which is very likely it'll keep on its bull run.
KNC/USD KNC displaying a Cup and Handle Formation on the 4 hour chart.
Target is $3.26
Great coin, this should pop any moment now. Handle is about to be complete.
Kyber just like others in a very good position..Even though it is not so hyped as other DEFI protocols price is doing fine.
Target is $2.5KNC has been doing phenomenal while the rest of the market dumps. Crypto is just following the stock market at this point. SPY is down, but likely at the bottom. Hoping for SPY to go up from here. KNC can easily hit $2.5.
My long entry: ~$1.88 and 2/3rds of my crypto portfolio is in KNC.
One of my concerns is that once the market recovers, which I am bullish on, interest in KNC will drop.. It's usually what happens.
$TSLA is also down 21% in the past week.
Cup and Handle Pattern on KyberKyber is a lowcap that is going to soon release its Kyber 3.0 version with an updated DEX procedure. Currently hitting green on the daily MACD, cup and handle pattern shows that this is probably heading towards $3 territory. However, be on the look on price action for BTC as well. If BTC doesn't perform then Kyber will not see any any of these potential gains.
KNC/USD - On $1.5 support, decision time...KNC is sitting on the $1.5 support line. Should we fall we will likely re-test the massive ascending channel we find ourselves in.
For this reason it is best to wait to see where price is going, as you may have a good opportunity to buy later at just above $1.
On larger timeframes the indicators look bearish, but on lower timeframes like 4h we seem to form a bullish divergence which may hold the price from falling further, but that is a bit too early to say.
As such, if we do find a base here, a long would be in order soon.
Last time KNC was turned around from $2.6 level, I'd expect that to not hold a second attempt. Time will tell.
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KYBER NETWORK = Undervalued DEX
Short term trade idea. However I also think this project has potential, depending on how DEX's continue to do.
KNC soon to breakout Chart speaks for itself. So long as the crypto verse is in the bullish patter, KNC should break hard up in this coming week.
Kyber about to break up or down (likely up)Kyber will soon break up or down out of its current channel. Given the bullishness of the crypto market, my bet is a move up.
2021 Crypto bull Run will push Knc to $5,00 per tokenKyber Network or KNC, this token has been around for a long time now but really hasn't made any serious bull moves.
KNCBeen following this one off and on for a while now...didnt pull the trigger before but now I will...too much confluence to pass it up..bounced nice on the kijun. volume is decent. blue targets are on the right.
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