KNCUSDT trade ideas
KNC's Bearish Clues are So StrongKNC (Kyber Network Crystal), a Coin which is Listed on WHITEBIT Exchange, is in an Ascending Parallel Channel. The Price Of This Coin in now Near the Top of the Channel Which means there is a High Chance that It would Start a Bearish Trend to Reach the Bottom of the Channel. The Price is also in a Small Rising Wedge Pattern as well, and also there is a Regular Bearish Divergence(-RD) On RSI . These Patterns and Divergence Suggest that The Price will Definitely Try to Bearish Soon! These Evidences are so Strong That we Might Even see a Break out From The Ascending Channel Happens Which would Decrease The Price to 3.3$. But Since There is no Break out we can Not Be Sure. But The Way to the Bottom Of the Channel Can be Expected To Happen Soon!
-KNC is in an Ascending Parallel Channel.
-The Price is at the Top of the channel
-KNC is also in a Small Rising Wedge as Well.
-(RD-) on RSI
-These Bearish Signs are so Strong That Even a Break out from the ascending Channel Might Happen.
-Support Sits at 3.3$
🟡You can Buy and Trade This Coin at WHITEBIT Exchange!
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Thank you for seeing idea .
Have a nice day and Good luck
KNC going very bullish.with the out look of things and how the graph is going.
we can see that a correction has actually taken place in KNC/USDT, and the coin is very ready to skyrocket and is gonna do so massively, because we are about to see a very massive bull run.
I will enter this position right away on a long, my possible target is to 6.5 BINANCE:KNCUSDT
KNC should go downAt short timeframe the natural correction already started but it might go down further as you can see at 4h
I've posted you my supports, try to avoid to enter the short after many red candles, try to entre at an higher low. I think BTC should still go lower and this could drag the price of other altcoins with it.
OBV shows a bearish DIV as does volume when compared to price action.
Off course don't short without using a stop loss unless you're willing to stay in front of the screen (and even in this case it's risky).
Be careful when you short!
$KNC/USDT 12h (#BinanceFutures) Rising wedge on resistance Kyber Network Crystal is retesting previous Highs and seems likely to retrace down after that.
Current Price= 3.901
Sell Entry= 3.936 - 4.212
Take Profit= 3.460 | 3.050 | 2.640
Stop Loss= 4.587
Risk/Reward= 1:2 | 1:2 | 1:2.8
Expected Profit= +15.07% | +25.13% | +35.20%
Possible Loss= -12.59%
Fib. Retracement= 0.236 | 0.382 | 0.559
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
Tags: #KNC #KNCUSDT #Kyber #KyberNetwork #v2 #KyberSwap #DEx #AMM #Marketplace #Governance #DAO #DApp #DeFi #BSC
Website: kyber.network
Contracts:
#ERC20 0xdeFA4e8a7bcBA345F687a2f1456F5Edd9CE97202
#BEP20 0xfe56d5892bdffc7bf58f2e84be1b2c32d21c308b
#Polygon 0x1c954e8fe737f99f68fa1ccda3e51ebdb291948c