Fast Money: KNCUSDT LONG TRADE for 7% - 11% ProfitSymbol: KNCUSDT, KNCUSDTP
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern PRO
Timeframes: 15M -12H
Signal: Blue -> Green
Context: Green
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Kncusd
KNC - next move?Currently in a very similar pattern we had at the beginning of June. If we can close above $1.66 by Thursday (3-day), I think we shoot up... a close below, we may see a good drop down.
Stay safe and keep an eye on the next two days, could be very telling of what's to come.
Stay safe.
Thoughts/comments?
TG
KNC updateWas hoping for KNC to drop to ~$1.35-$1.30 but only got as far down as $1.44, which makes sense when you look further back (2017 + 2018) at how it was resistance (turned to support in 2020).
I think that was the drop and believe we will now move up to the next resistance area of ~$2.20.
Thoughts/comments?
TG
KNC/USD looking BearishAs i shared before there was a great support of KNC/USD between $1,56-$1,54
a resistance at $1,68 but it coudnt pass $1,68 even it tried 3 times
but it kept falling breaking $1,55 strong support and felt till $1,42 .
Next Support level is $1,42 and then it 's $1,29.
Till KNC/USD price stays below $1,56, it's possible to fall till $1,06 and possible to earn %34 totally.
Good luck.
LONG - KNC - Trading OpportunityFTX:KNCPERP has been drawing a symmetric triangle for the past week already, this has been the 3rd bounce from the bottom trendline, looking to take advantage of the move, if it breaks out we will buy again on a retest.
Entry: 1.5912
Target: 1.7395
SL: 1.5389
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KNC/USD Analyzing KNC/USD was on the huge move last week and has been ATH $2 since 2017
then started falling and rejected to fall below $1,55 three times
also was rejected from resistance at $1,78 three times too
Now its moving up and as it looks in the graph, if it passes above $1,67, it's next target will be $1,78
If it is rejected to pass above $1,67, i think this time will start falling and break the $1,55 support and will fall till below $1.4
resistance levels are $1,67 . $1,78
Support levels are $1,55 , $1,36
Good luck.
KNC/BTC (Warning Sell Volume & Bearish RSI)KNC/BTC
-there is a warning profit-taking volume
-news event is getting closer
-hits weekly strong Fib resistance level
-testing trendline of support
-this is a visible daily and weekly bearish RSI div
-this is very crucial today
-I do not recommend to buy at this level
-unless you are looking for Short entries
-break of the trendline is a Sell signal
-targets below are down to 14000s
KYBER NETWORK 🟩 Levels To Keep An Eye On For Continuation💬 Kyber Network (KNCUSDT), also known as Kyber Network Crystal (a Star Wars reference), has been on a rip recently. Being the native token of a popular DEX that somewhat recently starting trading on major exchanges, there is some reason to be bullish on this beyond this chart!
The question here today is this, can the bulls force push us out of this range, or will the bears Darth Mual these kyber crystals past the support levels below?
Let's do a quick take on some levels.
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Support:
S1: The S1 bullish orderblock is the first and most logical point of support for bulls on their journey to the moon, should they need it.
S2: The S2 S/R flip and orderblock cluster is a strong support level that logically should see a reaction if retested. Below S2 is bad news for the bulls, so it will be vital for S2 to hold if we get there.
Resistance:
R1: if the bulls can find support and rally, or if we just break up from here, the R1 previous upper range becomes the first and only clear point of resistance on the chart. A break past this then gives the bulls another shot at making new highs.
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Summary:
KNC has been on an incredible run and there is no real sign the move is over. There is clear support for the bulls to hold if they should need it. Any break below support is pretty bearish after all of this, so holding support and eventually breaking R1 is paramount.
Resources:
www.marketwatch.com
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KNC/BTC (Bearish Double Top?)KNC/BTC
-hitting weekly resistance area
-potential bearish double top
-weekly bearish divergence RSI
-multiple retests of flat support which is bearish
-unable to get above 50ma&100ma on 4h chart
-a decline in volume indicating a large move
-RSI is below 50 level which is bearish
-you can enter a Sell position on the retest of flat support
-that's an aggressive entry with stop loss above 50ma
-or you may wait for the break of support before entering Short position
-the downside target is 9300-9000 sats
Kyber - why stop hereKyber seems to be going up systematically, don’t see why it should stop here. Would be interested in its usage statistics and tokenomics to check correlation
Entry: $1.25
Target: $2.50-6.00
Adjust: $2.50
Stop: $0.58
KNC/BTC (Bullish pattern; awating breakout)KNC/BTC
-currently forming a bullish ascending triangle
-the pattern is unconfirmed until we see a break to the upside
-two safe trade setup
-buy the break/close above 13900s
-sell if the trendline support break/close
-targets upside/downside is on the chart