If KNCUSDT continues to have a upward momentum, this can happen.
This technical analysis by no means, is a financial advice and this only works for me and I would like to share it with you, Please do you own research.
After it made a double bottom, and if it continues the upward momentum, it can have a fake breakout for the channel and bounce back till the TP point ( static Support). It cannot simply cross and break the channel and it needs a correction.
Also there is RSI divergence.
After it made a double bottom, and if it continues the upward momentum, it can have a fake breakout for the channel and bounce back till the TP point ( static Support). It cannot simply cross and break the channel and it needs a correction.
Also there is RSI divergence.
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Related publications
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.