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Kyber Network / TetherUS PERPETUAL CONTRACT

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KNCUSDT.P trade ideas

KNCUSDT.1DAfter examining the KNC/USDT daily chart you provided, here is my in-depth technical analysis: The KNC/USDT pair has demonstrated a significant downward trend starting from a high point in July 2024, and it has been making lower highs and lower lows, a classic sign of a bearish trend. The price has recently formed what could be seen as a descending triangle pattern, marked by a flat support line and a downward sloping resistance line, which usually indicates a continuation of the downward trend. Key Levels to Watch: Support 1 (S1) at $0.4015 is critical, as it's where the price has bounced a few times, showing some buyer interest at this level. A break below this could intensify the bearish sentiment. Resistance 1 (R1) at $0.5203 and Resistance 2 (R2) at $0.5892 are important as potential reversal points if the price were to make a bullish turnaround. R1 is particularly pivotal because it aligns with recent peaks and the downward trendline, making it a robust barrier to watch. Technical Indicators: The Moving Average Convergence Divergence (MACD) is below the signal line and close to crossing into positive territory, which may indicate a weakening of the current bearish momentum. However, the histogram is still very near the zero line, suggesting that any bullish momentum is not yet strong. The Relative Strength Index (RSI) is around 46, slightly below the neutral 50 mark, indicating that the selling pressure is still present but not overwhelmingly so. Current Price Situation: The current price of approximately $0.4450 sits just above S1, underlining its importance. The market's reaction to this support level in the coming days will be crucial. Strategic Outlook: Given the chart's indicators and patterns, my approach would be one of cautious observation. If the price holds above S1 and we see a bullish MACD crossover along with an RSI move above 50, there might be scope for a short-term bullish entry with a target at R1. However, this would require confirmation in the form of a clear volume-supported price rise. Conversely, if S1 is broken decisively on high volume, it would likely signal a continuation of the bearish trend, possibly reaching new lows. In this scenario, setting a stop-loss just above the last minor high or the downward trendline would be prudent to manage risk. As always, combining these technical insights with broader market news and sentiment analysis will be crucial for a rounded trading decision. Monitoring any significant news related to Kyber Network and the broader crypto market will also help in making informed trading decisions.
Short
by MarsSignals
Kyber Network Crystal v2On the above 2-day chart price action has corrected over 90% since the sell signal (not shown) in April. Now is an excellent moment to be long. Why? 1) A strong buy signal prints (not shown). 2) Regular bullish divergence . Lots of it. This divergence is measured over a 40-day period. Look left - blue circles. This divergence includes MFI (Money flow) - Follow the money. 3) Falling wedge breakout. 4) It is beyond ridiculous how well the Fibonacci re-tracement measured the previous cycle tops. The 4th cycle top is amazing if the pattern repeats. Is it possible price action falls further? Sure. Is it probable? No Ww Type: trade Risk: <=6% of portfolio Timeframe: Don’t know. Return: 50x
Long
by without_worries
18
KNC: Resistance BreakoutTrade setup : Trends are mixed. Following a Falling Wedge pattern, price has also broken above $0.70 resistance and 200-day moving average to signal a bullish trend reversal, with +25% upside potential to $0.90 next. Stop Loss (SL) level at $0.62 (prior swing low). Pattern : Resistance Breakout. Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7. Trend : Short-term trend is Strong Up, Medium-term trend is Neutral and Long-term trend is Down. Momentum is Bullish (MACD Line crossed above MACD Signal Line) ABOVE days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.55, then $0.45. Nearest Resistance Zone is $0.90.
Long
by altFINS
KNC/USDT It will be bullish momentum if success break the supply💎 Paradisers, KNC is indeed presenting intriguing movements that warrant close observation. 💎 The successful break of the supply zone and transition to the demand area in the lower time frames indicate a potential shift in momentum. 💎 Currently, the price is testing the demand area following a strong rejection at the supply zone, which lies between 0.7 to 0.738. There's a possibility that KNC may attempt to move upward again to break through the supply area. 💎 If successful this time, it could signal a bullish momentum, potentially leading to the achievement of our target. 💎 However, if KNC fails to break above the supply area once more and experiences a strong rejection indicated by a bearish candle, there's a likelihood of a retracement back to the downside. In such a scenario, the price could revisit the demand area, which ranges from 0.620 to 0.58. 💎 KNC must bounce from this demand area, especially considering the presence of a support trendline within it. A breakdown below the support trendline could indicate a bearish trend shift, potentially leading to further downward movement toward the support level around 0.534. 💎 When KNC reaches the support area, it must bounce back and resume its upward trajectory, potentially making another attempt at breaking the resistance. Given KNC's historical behavior of bouncing off key support levels, there's a possibility of a similar scenario playing out, resulting in a return to upward movement. 💎 However, traders should remain vigilant and closely monitor KNC's price action. A breakdown below the demand area, confirmed by a daily candle close below it, would invalidate the bullish scenario and could lead to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
2
KNC's Bullish Clues are So Strong !Hi. COINEX:KNCUSDT If the ascending triangle breaks down, we can focus on the symmetrical triangle. Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
KNC/USDT Break out the key level area, Indicating Bullish Moment💎 KNC has indeed made a significant impact in the cryptocurrency market. Currently, KNC has successfully broken out of the key supply zone area. 💎 The potential next step for the price is a retesting phase at the demand level. This breakout is indicative of bullish momentum, suggesting a continuation of the upward movement. There's a probability that KNC will reach our target area. 💎 However, if KNC fails to maintain its position above the demand area and instead breaks down below it, this would indicate a failed breakout scenario. 💎 Such a development could be a negative sign, suggesting a reversal to the downward movement. In this case, the price may revisit the key support area.
by MyCryptoParadise_Nathan
2
KNC will fly soonA triangle has started from where we entered "Start" on the chart. Right now it looks like wave E of the triangle is over or at the end of wave E. There is a supply on the way to the part. By consuming this supply and a downward rejection and then maintaining the green range, it can enter a medium-term bullish phase. KNC will remain bullish while maintaining the green range Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Long
by behdark
KNC Bulls Charge: Price Breaks Resistance, Eyes on $2.22Kyber Network (KNCUSDT) is experiencing a bullish breakout . After hovering around $0.80 for a period, after surpassed a key resistance level, signaling a potential surge in price. The first target sits at $1.17 , a level KNC previously struggled to overcome. If this resistance is breached convincingly, the price could skyrocket towards $2.22 and even reach $2.80 by the end of 2024 or early 2025. This bullish momentum could propel KNC to even greater heights. Long-term predictions suggest the token has the potential to revisit its all-time high of $3.60 or even touch $6.00 within the next year or two. Reasons for Optimism Several factors contribute to the bullish sentiment surrounding KNC. The Kyber Network's role in facilitating seamless token liquidity across decentralized exchanges (DEXs) remains valuable. As the DeFi space continues to mature and adoption grows, Kyber Network's services become increasingly crucial. Furthermore, the KNC token itself plays a multifaceted role. It serves not only as a utility token within the Kyber ecosystem but also as a governance token, allowing holders to participate in shaping the network's future. Cautious Optimism Warranted While the current trend appears promising, investors are advised to exercise caution. The cryptocurrency market remains volatile, and unforeseen events can trigger price corrections. However, the recent breakout signifies a significant shift in KNC's momentum. With strong fundamentals and a potential surge in DeFi adoption, Kyber Network appears well-positioned for a prosperous future.
Long
by Z4F4R
knc analysisThe Kyber Network Crystal (KNC) coin is currently in an accumulation range between $0.4634 and $0.929 on the weekly timeframe. Based on the upward trend and approaching the range ceiling, confirmation of the price trend by daily and weekly RSI, and the RSI entering the overbought zone on the daily timeframe, there is a possibility of breaking the weekly box ceiling if the overall market uptrend continues and Bitcoin dominance decreases. Therefore, this coin can be an option for spot and futures trading, and the suggested entry price is $0.929 for spot and $0.887 for futures. The appropriate stop loss for spot is the $0.536 range and for futures it can be the $0.84 range. Important Notes: This analysis is for informational purposes only and does not constitute a buy or sell signal. Do your own research and use a proper risk management strategy before any trading.
Long
by torkamanmohamad117
2