TA: Kyber Network is facing mid-line of big descending parallel channel and also small ascending channel support. It's also forming an "almost" symmetrical triangle.
FA: KyberDAO allows you to stake, vote and claim rewards, it will probably become the primary liquidity endpoint that the DeFi ecosystem can rely on.
Current Price= 0.00007070
Buy Entry= 0.00006977 - 0.00006517
Take Profit= 0.00008598 | 0.00010089 | 0.00012612
Stop Loss= 0.00004896
Risk/Reward= 1:1 | 1:1.81 | 1:3.17
Expected Profit= 27.43% | 49.53% | 86.93%
Possible Loss= -27.43%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1080h
FA: KyberDAO allows you to stake, vote and claim rewards, it will probably become the primary liquidity endpoint that the DeFi ecosystem can rely on.
Current Price= 0.00007070
Buy Entry= 0.00006977 - 0.00006517
Take Profit= 0.00008598 | 0.00010089 | 0.00012612
Stop Loss= 0.00004896
Risk/Reward= 1:1 | 1:1.81 | 1:3.17
Expected Profit= 27.43% | 49.53% | 86.93%
Possible Loss= -27.43%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1080h
Trade active
Already going up.Note
By the way, this was the weekly view so you can understand better:Trade closed: target reached
TP1 reached with +27.43% profit, took some here and wait for higher targets now.Trade closed: target reached
TP2 reached with +49.53% profit.Now facing mid-line channel resistance but triangle broke out so last target is still valid!
Trade closed: target reached
And that's a wrap, last target reached (TP3) with +86.93% profit without leverage in two weeks, isn't it great?!
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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.