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KNCUSDT H16: BEST Level to BUY/HOLD 60%...
KNCUSD looks like it is breaking out of a nice pennant on the hourly chart. A lot of big green volume spikes shows that there is quite a bit of demand.
KNCUSDT brokedown below a range support.
Potential SELL re-entry at test of downtrend channel resistance + fibonacci retracement levels + flip resistance ⬇️.
💎Technical Analysis Summary💎
OKEX: KNCUSDT
-KNC broke its key support area at $0.85 dollars
-There is no strong support until down to $0.69 dollars
-If you are looking to buy at the next support
-Please wait for any sign of strength to reduce the risk
-These areas are only potential support it can easily be broken down
-If there are no buyers interested in this...
The current situation:
1. Price action is currently ranging in a symmetrical triangle pattern as seen on the hourly chart, with 63% chance of breaking to the upside. The measured target is about 1.03 USD. It is also above the daily 21MA, which it has not done since the selloff since September.
2. On the daily chart, there was double bullish divergence and it...
At this moment, there are 3 SELL signal present and I'm BEARISH.
So, I don't think this is a good time to buy yet.
Since I have only 3-4 months data on KNCUST, I'd highly recommend you to wait for EngineeringRobo's BUY signals to be present if you'd like to buy again.
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
💎Technical Analysis Summary💎
BINANCE: KNCBTC
-Kyber Network is trading at key support area (previous resistance)
-The price retested and saw Bullish rejection
-This could be a potential double bottom if it can break previous High
-Entering at the current price is highly aggressively but with tight stop loss
-But if you want additional confirmation, enter on a...
We can see it's already 51% dump actually it has to be in top due Btc Dump and Btc Dominance Pump it has dumped we may expect Long from here if it dumped to support line wait for trend break and take Long On when it is reached resistance level
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It rose after touching the uptrend line (2) and the 1.05435354 point.
You need to make sure you can get support at the 1.26937200...
This is based on Bitcoin dropping from this 10k level, i think if we lose this level then most altcoins will follow. Could be a great time to pick up cheap coins.
