Kyber Network Setup Looks Really GoodKyber looks close to bottom if not already been there. Been waiting for weeks for 200 SMA to Cross the 314 SMA. Looks very near. Little overhead resistance. Couple that with staking announcement any day now we might be looking for an rocket ship. Team looks good. Lot of players in the market but they standout for many reasons for big investors. Not saying it can overtake MAKER but I wouldn't be surprised. Add the fact stakers will be able to vote on number of coins burned thus increasing coin value makes it a no brainer long term. Please read white papers. Sit back and watch the fireworks.
kyber.network
Kbernetworkdollar
Kyber Network would probably resume its uptrend againTechnical analysis:
. KYBERNETWORK/DOLLAR is in a downtrend and resumption of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (1.4325 to 0.7844). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (1.4325)
. Ending of entry zone (0.7844)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
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TP2= @ 2.3837
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TP4= @ 4.1617
TP5= @ 5.3674
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