KNCUST Elliott wave countKyber network may have been bottomed @ 0.3561 after wave (v) of ((c)) finished as an ending diagonal.
Above 0.41 and clearing 0.53 we are looking for 5 waves to clear previous wave (iv) of wave ((c)).
For up trend Wave (i) an expending leading diagonal and wave (ii) bounced into 0.618 fib retracement.
Kncusd
KNCUSD Elliott wave countKyber network looking good with a lot of accumulation, more than 1.6 years, above 0.618 fib retracement.
You see here how good are Fibonacci levels acting like support and resistance.
Above 0.4644 and clearing 0.8157 we are looking to the upside.
We will post updates soon with an intraday count.
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KNC: Resistance BreakoutTrade setup : Trends are mixed. Following a Falling Wedge pattern, price has also broken above $0.70 resistance and 200-day moving average to signal a bullish trend reversal, with +25% upside potential to $0.90 next. Stop Loss (SL) level at $0.62 (prior swing low).
Pattern : Resistance Breakout. Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7.
Trend : Short-term trend is Strong Up, Medium-term trend is Neutral and Long-term trend is Down.
Momentum is Bullish (MACD Line crossed above MACD Signal Line) ABOVE days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.55, then $0.45. Nearest Resistance Zone is $0.90.
KNC will fly soonA triangle has started from where we entered "Start" on the chart.
Right now it looks like wave E of the triangle is over or at the end of wave E.
There is a supply on the way to the part. By consuming this supply and a downward rejection and then maintaining the green range, it can enter a medium-term bullish phase.
KNC will remain bullish while maintaining the green range
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
KNC Bulls Charge: Price Breaks Resistance, Eyes on $2.22Kyber Network (KNCUSDT) is experiencing a bullish breakout . After hovering around $0.80 for a period, after surpassed a key resistance level, signaling a potential surge in price.
The first target sits at $1.17 , a level KNC previously struggled to overcome. If this resistance is breached convincingly, the price could skyrocket towards $2.22 and even reach $2.80 by the end of 2024 or early 2025.
This bullish momentum could propel KNC to even greater heights. Long-term predictions suggest the token has the potential to revisit its all-time high of $3.60 or even touch $6.00 within the next year or two.
Reasons for Optimism
Several factors contribute to the bullish sentiment surrounding KNC. The Kyber Network's role in facilitating seamless token liquidity across decentralized exchanges (DEXs) remains valuable. As the DeFi space continues to mature and adoption grows, Kyber Network's services become increasingly crucial.
Furthermore, the KNC token itself plays a multifaceted role. It serves not only as a utility token within the Kyber ecosystem but also as a governance token, allowing holders to participate in shaping the network's future.
Cautious Optimism Warranted
While the current trend appears promising, investors are advised to exercise caution. The cryptocurrency market remains volatile, and unforeseen events can trigger price corrections.
However, the recent breakout signifies a significant shift in KNC's momentum. With strong fundamentals and a potential surge in DeFi adoption, Kyber Network appears well-positioned for a prosperous future.
KNCUSDT QUICK TRADE - LONG - DAILY TFEmissary over here. Long position. Quick trade.
Yellow line entry limit order - 0.6670
Green line take profit - 0.6942
Red line stop loss - 0.6538
Setup will resolve in 2-3 days. Leverage x3 max.
DYOR, greettings
Leave your support, comment, boost, follow and thank you beforehand.
KNCUSD full retrace likely before the accummulationKNC lovers probably won't like this analysis but it's time to face the truth.
As the bear market continues it is very likely that KNCUSD will do a full retrace before the accummulation phase.
If it had to happen the price would drop over 98 % from 2022 highs. Actually it wouldn't be anything an extraordinary as we know altcoins can drop even 99 % in the bear market and some of them go to zero.
0,15 -0,10 $ seems to be a fair price of this project survives the bear market and doesn't go to zero. From there we expect traders and investors to start accumulating KNC.
Any bounce probably will be a short lifted and the price eventually will go down.
Good luck
Volume profile range : 0.82-0.879Hello?
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(KNCUSDT chart)
The key is whether the price can be maintained by rising above 0.82.
(1D chart)
To do so, the key is whether it can receive support and rise around 0.760.
Since the volume profile section is formed in the 0.82-0.879 section, it is expected that a rapid movement will occur only when it rises above this section.
If it falls, you need to check if it is supported around 0.666-0.702.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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KNCUSD Buy signal. Still room to rise inside this Rectangle.Kyber Network Crystal v2 / KNCUSD is posting a bullish fractal, common in the last 11 months.
The wide pattern is a Rectangle whose top has been hit on both prior bottom rallies.
Buy and target 0.96000.
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Kyber Network (KNC) formed bullish Gartley for upto 15% moveHi dear friends, hope you are well and welcome to the new trade setup of Kyber Network (KNC).
Previously we caught more than 73% pump of KNC as below:
Now on a 4-hr time frame, KNC has formed a bullish Gartley move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Kyber Network At Attractive LevelsHello Crypto traders, today we will talk about Kyber Network cryptocurrency with ticker KNCUSD, where we see nice and clean bullish setup formation from Elliott wave perspective.
KNCUSD sold-off in the second part of 2022, but in three legs A-B-C only, which means that correction can be coming to an end if we consider an impulsive five-wave rally from the lows since 2019 till 2022. Ideal support we see here around 0.60 – 0.40 area and from where we should be aware of a bullish continuation in 2023. First bullish evidence would be above trendline connected from the highs and above 1.0 level, while bullish confirmation is only above 2.0 region.
Keep also in mind that we remain bullish as long as the price is above 0.11 invalidation level.
Happy trading and investing!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
The ALT trader: Kyber Bullish#CryptoWhale100Billion Alt Coin Analysis: KNC
My Analysis shows that KNC can increase to around will come back to .75 and return to resistance in the next few weeks. KNC showing slow sales after the meltdown. Buyers are holding the .50-60cent. Possible of another down before running to .75 and back to resistant .95cent.
RSI showing a good bullish move. Strong buy after breaking down the target point at .50cent. Small sales showing on the MACD. I'm more bullish for KNC going back .95cent
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Below are some Previous charts links I've written in the pass for Reference.