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Kncusd

KNCUSDTKNC had a good run, just look at how it kept on pumping in the past 48 hours. But it got rejected at the resistance area which is shown on the chart. There are 3 supports on the way down, but I don't think it can be that strong since Bitcoin reached 60K as I'm publishing this idea. All eyes are on BTC and ETH right now so altcoins like this are gonna hold back until the market starts consolidating for a while. However, if you're into opening a long position on this coin, wait until the resistance is broken and a 4H candle is closed above it. Tell me your ideas. Like and Share 🗣✅ Comment if you need a chart 💬
by ShawnMCR
1
KNC/USD - Aiming for $2 then $2.5 🚀🚀🚀KNC is looking quite bullish. We found good support on $1.5 level and now we are clear for higher levels. Price also moved above the resistance at $1.8. MACD is looking bullish, RSI is going up and volume is increasing. All bullish signs. Immediate targets are $2 and $2.5. KNC can offer a nice swing long opportunity here. Market is also quite bullish with this recent move of BTC towards $52k. Bias remains bullish on KNC and a good coin to have. Like and follow if you liked this idea! Also join my crypto community to stay in touch!
Long
by DU09
2
KNCUSDT (KYBER NETWORK) - UPTREND CONTINUATION ANALYSIS 🔎 - KNCUSDT brokeout above the double bottom neckline resistance. - Price hit an ATH and retraced. - Price is retesting the neckline resistance (flip horizontal support) and key fibonacci retracement levels (0.5 - 0.618 - 0.786). - There's a relatively high concentration of buyers at this retest zone (High buying pressure). - The retracement is resisted by the descending trendline resistance. - Breakout above the descending trendline resistance could be an uptrend continuation signal. BUY ENTRY ⬆️ - Conservative entry : breakout above the descending trendline resistance. - Aggressive entry (risky) : market price (now). TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the 0.786 fibonacci retracement level.
Long
by Chibuike_Odoh
KNC/USD - On $1.5 support, decision time...KNC is sitting on the $1.5 support line. Should we fall we will likely re-test the massive ascending channel we find ourselves in. For this reason it is best to wait to see where price is going, as you may have a good opportunity to buy later at just above $1. On larger timeframes the indicators look bearish, but on lower timeframes like 4h we seem to form a bullish divergence which may hold the price from falling further, but that is a bit too early to say. As such, if we do find a base here, a long would be in order soon. Last time KNC was turned around from $2.6 level, I'd expect that to not hold a second attempt. Time will tell. Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my technical analysis videos on YouTube. :)
BINANCE:KNCUSD
by DU09
3
$KNC - Kyber Network 3.0 comingFundamentally we have the 3rd release of Kybers network/protocol on the way - and the current DeFi app is very good as it is... it is a fully on-chain liquidity protocol for seamless token swaps Very bullish tweet from @KyberNetwork - Read this #DeFi research report by the Federal Reserve Bank of St. Louis @stlouisfed which includes an explanantion on smart contract-based reserve aggregation and how Kyber serves as a backbone protocol for a large variety of DeFi applications! (09/02/2021) Technically speaking we have a bull flag break and in this environment this defo gives me the target of the 2.0 fib retracement of 2.76 As long as BTC doesn't retrace too firmly then this should be in the money
Long
by InvestmentsHub
10