KNC/BTC - 3/8/2018Good Morning, Traders!
In the short-term, KNC/BTC has been in a constant bearish trend since early February. Looking at the 200-day and 20-day moving averages, it can be seen that this trend started to come up slightly, but overall continues in this trend.
The support level aligned with the 78.6% fib retracement level is the first bullish push KNC had after hitting the lowest low, making it a strong support level to reverse the trend.
If the price starts to move in the bullish direction before this, it will be hit by the resistance level given by the Ichimoku cloud.
Important Resistance Levels: 15501, 17462
Important Support levels: 13203, 10636
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CONFLICTS OF INTEREST
GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN.
Written by:
Hammad Fazlani
Research Analyst
Knc
Kyber Network (KNC) Divergence + Breakout, 50% Profits PotentialI've been looking at Kyber Network (KNC) on Binance for a while now. I've been receiving messages asking me to review this coin
many times, so I always kept my eyes on the chart waiting for the right signals to trade this coin.
So are the signals there? Let's take a look at just a few of those...
Note: Before we even get started... Please allow time for this trade to develop. If you are unsure, have doubts or can't take a loss... Please do not trade, as there is always risks involved with trading. Prices can go up as they can go down, and the market can change pretty quickly based on hundreds if not thousands of different factors.
*** Kyber Network (KNC) Trade Analysis by Alan Masters ***
###Chart signals & indicators
Let's first take a look at the daily chart:
- Here you can notice how the candles are becoming smaller and curving, signs of possible change.
- The TD count reaching its lowest point, with #8 being a neutral candle and #9 a new green candle, with the potential to start a new run.
- The RSI has been hovering around the oversold line for two weeks now, a very strong signal telling us that sellers have exceeded their balance. KNC has been oversold for long. This same indicator allows for plenty of room for growth once the action starts. But we need to look at a shorter time frame, if we want to look for possible breakouts and bullish signals.
On the 4 hours chart the reversal signals are easier to spot. Let's take a quick look:
- First you can see a strong period of positive divergence (purple lines), where the price is going down but the MACD is going up, making higher lows. At the same time it is starting to trend upward after crossing over and showing plenty of room for growth.
- The RSI went to "extreme" oversold and finally bounced to start trending up. The other indicators are also showing early signals of a trend change; from negative to positive.
- The shorter time frames are giving better signals, with the MACD and RSI already bullish and a strong breakout is already on its way.
###Trade instructions
Here are the instructions for this trade:
Buy-in: 0.000154 - 0.000177
(If above buy-in range, wait for retrace to buy in)
Targets:
(1) 0.000184 * Target reached 5-March*
(2) 0.000204
(3) 0.000234 (Up to 50% profits)
(4) 0.000284
(5) 0.000364 (Up to 136% profits)
Stop loss: 0.000140
###Message: Did You Enjoy The Slow Days?
I am seeing the market, trying to turn from red to green.
We have been slow for a few weeks, but that was a blessing for me.
As I am used to say, opportunities will always come your way.
So it is wise to enjoy the action, the profits, all the trades... As well as the peace, make sure to enjoy the slow days.
So the market works in cycles, it moves down, it moves up.
The goal is not to force it, but to learn to go with the flow.
Namaste.
Being cautious with KNCFrom my previous idea KNC did a rebound but it didn't hold and continued to fall. I still don't really know why it's dumping this hard compared to other coins.
From what I see, we have 2 supports lines and we already touched once the first one.
We've broken the first downtrend, but we're still not in a uptrend, although the fall is now slower. We can be in a uptrend again when we break that second downtrend but to do so we will need an increase in volume (who was slowly getting lower too). For that KNC needs to have some goods news soon like the complete mainnet release, but that shouldn't happen before april. On the other hand KNC have already fallen alot (around 60% from ATH) so it doesn't have much room to go even lower.
I'd wait to see what happen around theses two supports or for some positives news first before doing something again with KNC.
KyberNetwork #KNCBTC - down to 61% Fibo , now what?The cryptocurrency KyberNetwork KNCBTC is located at the 61% lifting of Fibonacci after an unsuccessful attempt to break above the key resistance zone at 49140 - 53978. The current support for the price is at 20,000 and has already been slightly affected. Apart from that, there is no explicit demand response at this level, so further declines towards level 14396 are preferred.
Cup and handle forming on KNC?KNC took a huge dip in the last week, but right now I see a potential cup and handle forming.
Unlike most alt coins out there, Kyber Network have a solid product that actually exists, and a great team to back it up. With the rise of exchange hacks, their decentralised exchange is actually useful, and will only get better. Keep an eye out for this one, it's looking bullish to me. Of course, all of this depends on what happens with BTC over the coming hours/days.
$KNC $KNC.B - Kyber - 4hour Chart BinanceI was asked to run a chart on KNC, this one is for Binance. It is on a heavy downtrend at the moment. Its riding the bottom bollinger band with a large bearish candle and RSI is below 30% which shows signs of it being oversold. The oversold RSI can be a sign there is a reversal soon, though if I were to buy in, I would wait until RSI goes positive and we see some bullish candles. This may not be the bottom for KNC so buying in should wait. If you are holding this, either wait to gain some losses back or I may take the loss and re-invest elsewhere.
KNCETH - At the big support LevelThe Price action is reaching a support level at 0.0028 with respect to ETH. It has bounced back from this level on multiple occasions and might present a good buying opportunity. Stoploss should be below the support line.
KNC bottoming in a few hoursRed and orange channels coincide at 0.618 Fib level. Also, on 20 MA, volume is increasing slightly and RSI sub 30. If that support is not breached, a rise can be expected to at least orange channel resistance.
There is also a bullish divergence as noted by glencastleberrry ().
Bullish divergence on KNC Kyber Network 2hrRSI increasing while creating lower lows. Bullish divergence evident on 2hour chart. Expect upwards motion.
Profit Target 1 is at 61 fib retracement. Trading channel should then be between 61 fib retracement and profit target 2 once 61fib retracement becomes support.
$KNC $KNC.X - Kyber NetworksPeople been talking to Kyber though its been on a hard downtrend. One thing about this chart even with ll the sell signals, its hittig bottom of the fib chart and the bottom Bollinger band. If your feeling risky and like to buy on the bottom this may be a good choice. Until we see if there will be a bounce near the bottom wont have a good idea when it will bounce back.
Cup & Handle patter on KNCETH pairTechnically looks good as a rounded bottom and a following handle is visible on the chart. Also, mainnet launch for KNC, which is expected to be the dominant DEX this year, is also just a week away. Stood strong in the volatile market without any huge selloffs. First target is about the 0.0045 range and second target is around 0.0050.
Kyber Network - The Ascending TriangleThe price movement of Kyber Network has created The Ascending Triangle Pattern and in this scenario this pattern is considered as continuation for the price action which is upwards.
MACD & RSI supports upward movement. The price has already breached resistance level few times and returned back inside the triangle leaving long wicks behind. It is important to wait for proper break out signal and that's why buy target should be set at or above of 0.000457 level which can be found at 1.272 Fib level. Stop order can be set at 0.00315 and The Symmetrical Triangle gives us target around 0.0006 level.
Before taking any trades, do your own research and measure your risks.
Educational Part:
How do you get target from this pattern?
Draw vertically a line from the highest point of the pattern next to the lowest point. The line we just draw gives us the length of the target. (Example in chart, purple lines)
Move this line to the break out point. Where the price has breached top line of the pattern. Where this line ends is giving pointers where the price might be heading to.
Trading Information for Kyber Network (KNC/BTC):
Buy: above Above 0.000457
Partial Profit Targets: 0.00053
Main Profit Target: 0.0006
Stop-loss: 0.000315
If you need any help with trading, recommendations or where to search basics just feel free to leave me DM in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Things to Remember:
Stop-loss orders are strongly recommended.
Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
Do your homework before investing.
Yarr
KNC/BTC ANOTHER UNDERCOVER CRYPTO BUILDING A POSITION!Everyone is so caught up in BTC/USD (BITCOIN) slumping, or they're looking at LTC/USD (LITECOIN), or ETH/USD (ETHEREUM). I really believe you can find some good trading opportunities in some of these smaller Altcoins if you're patient enough to ride the waves. KNC/BTC is looking to be in a spot where we want to start building a position. it might not pop up higher right now but it looks like it is slowly building momentum. Here's what we're seeing:
- CUP FORMING WITH MOMENTUM MOVING HIGHER
- WE CIRCLED THE VOLUME BUILD UP THAT HAS BEEN TAKING PLACE
-WE ALSO CIRCLED A SQUEEZE THAT IS FIRING TO THE UPSIDE
All of these things are simple but fit our system for a move building up to go higher! Patience through the swings will be key! Good luck to all!
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BINA