KNCBTC - 1:16 risk/rewards 175% gains in about 19 days
Updated
TLDR:
Entry: 24000 or lower
Stop: below 100 day MA or 21500
Risk/Rewards: 1:16
Good day ladies and gents,
Here we have another SBD coin that’s a gem: KNC. Made in Vietnam, stationed in Singapore, and destined for great things. The fundamentals behind this trade is the MyEtherWallet partnership.
Looking at the daily, we clearly see that we’re currently in the fifth wave of this first push. Wave (2) took most of (1)’s gains which called for a strong 3rd wave, and that’s exactly what we got. Here we also have a (4) that corrected .618 of (3) which also calls for another strong wave to follow. My guess is that (5) will be 8x that of 1 in within the same projection landing us around the .00069 range.
In planning our entry, we waited for the initial push of the first wave which we got a day or two ago. It has since corrected about .618 which is a safe zone for entry
Good luck with this trade and stay safe
Entry: 24000 or lower
Stop: below 100 day MA or 21500
Risk/Rewards: 1:16
Good day ladies and gents,
Here we have another SBD coin that’s a gem: KNC. Made in Vietnam, stationed in Singapore, and destined for great things. The fundamentals behind this trade is the MyEtherWallet partnership.
Looking at the daily, we clearly see that we’re currently in the fifth wave of this first push. Wave (2) took most of (1)’s gains which called for a strong 3rd wave, and that’s exactly what we got. Here we also have a (4) that corrected .618 of (3) which also calls for another strong wave to follow. My guess is that (5) will be 8x that of 1 in within the same projection landing us around the .00069 range.
In planning our entry, we waited for the initial push of the first wave which we got a day or two ago. It has since corrected about .618 which is a safe zone for entry
Good luck with this trade and stay safe
Note
Oh my...Note
As the BTC bears take over, the first wave of this fifth wave is looking like a leading expanding diagonalNote
Our trade played out nicely and yielded roughly 20% gain before BTC took a tumble and ruined everything. Now that we are trading under the 800H MA, the likelihood of heading down further is a high possibility. I will set this trade to exit at break even so we can catch it at the bottom when that time comes
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.