KNC should go downAt short timeframe the natural correction already started but it might go down further as you can see at 4h
I've posted you my supports, try to avoid to enter the short after many red candles, try to entre at an higher low. I think BTC should still go lower and this could drag the price of other altcoins with it.
OBV shows a bearish DIV as does volume when compared to price action.
Off course don't short without using a stop loss unless you're willing to stay in front of the screen (and even in this case it's risky).
Be careful when you short!
KNCUSDT
$KNC/USDT 12h (#BinanceFutures) Rising wedge on resistance Kyber Network Crystal is retesting previous Highs and seems likely to retrace down after that.
Current Price= 3.901
Sell Entry= 3.936 - 4.212
Take Profit= 3.460 | 3.050 | 2.640
Stop Loss= 4.587
Risk/Reward= 1:2 | 1:2 | 1:2.8
Expected Profit= +15.07% | +25.13% | +35.20%
Possible Loss= -12.59%
Fib. Retracement= 0.236 | 0.382 | 0.559
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
Tags: #KNC #KNCUSDT #Kyber #KyberNetwork #v2 #KyberSwap #DEx #AMM #Marketplace #Governance #DAO #DApp #DeFi #BSC
Website: kyber.network
Contracts:
#ERC20 0xdeFA4e8a7bcBA345F687a2f1456F5Edd9CE97202
#BEP20 0xfe56d5892bdffc7bf58f2e84be1b2c32d21c308b
#Polygon 0x1c954e8fe737f99f68fa1ccda3e51ebdb291948c
KNC / USDTAs you can see in the chart in 4H TIME FRAME this is the pattern that we are in although BTC is moving down but if we break the upper line of the pattern we can take advantage and make profit out of it
Just wait for the confirmation and use stop loss
Guys I do trading based on patterns so my analysis is good for a short term not holding
Set your R;R properly
I can not say where to buy or sell bcoz all depends on your strategy
Bus I show you our targets for making short or long for short term
If you like my analysis don't forget to like and comment to support it
THIS IS NOT FINANCIAL ADVICE IT'S JUST MY PERSONAL OPINION
GOOD LUCK
Possible ALL TIME HIGH target for KNC Hello trading friend,
Tis is an update depending on ATH scan for KNC.
There is a possibility that we are to enter into new ALL TIME HIGH target for KYC.
Time frame will show or this is going to happen.
Have good time.
# this is not a trading call - trade only depending your setups.
KNC/USDT LONG SCALP SETUP!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this KNC/USDT LONG setup. KNC looks good here.
KNC is breaking out from the symmetrical triangle and currently retesting it. It's good opportunity to long some here but do not forget to use tight SL.
Entry range:- $3.10-$3.18
Target:- 18-20%
SL:- $3.04
Lev:- 5x-10x
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Which Altcoins are Bullish in all time frames?Hello friends...
i was checking about 300 cryptocurrencies and now i found just 8 assets that are bullish in all time frames.
watch them and find best entry price.
TWT, MBL, JST, KNC,LUNA, PAXG, WAVES, ZIL.
for example,i put TWT chart in 3 timeframes.
please ask your questions in comments.
KNC to $40???I'm not a huge fan of making pattern trades without utilizing other technical indicators but KNC could be doing something very interesting here.
1) Like I said, not a huge pattern only trader, but when you see something like massive cup and handle formation on the weekly like we see with KNC, it definitely peaks my interest, as the longer timeframes have more credibility in their analysis.
2) another thing that supports this cup and handle is our rejections from the key zone of resistance, marked by the red box, have been becoming less and less. The more we test a zone of resistance or support the higher likelihood we will break it
3) If we extrapolate the cup and handle data the price target for KNC is right around $40 which would be a MASSIVE gain.
4) A move up to $40 would require KNC to have quite a high market cap but it isn't impossible, so expect we actually top out a bit lower than that, maybe around the $25-30 region.
5) Remember, this is not financial advice and always do your own analysis/research before making any decisions on the market.
KNCUSDT-SHORTBased on technical factors there is a short position in :
📊 KNCUSDT Kyber Network Crystal v2
🔴 Short Now 3.134
🧯 Stop loss 3.500
🏹 Target 1 2.930
🏹 Target 2 2.400
🏹 Target 3 2.000
🏹 Target 4 1.190
💸Capital : 1%
We hope it is profitable for you ❤️
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