Kyber Network Token Daily Technical AnalysisHello Traders
This pair is now enjoying dynamic support, losing of which will probably lead the price downwards to the green support zone, so I would be looking for short positions below the dynamic support. On the other hand, once the resistance zone is conquered, the blue line will be the potential targets.
Good luck Everyone
Kybernetwork
KNCBTC a bullish setup for big move upto 998%Hi friends hope you are well, and welcome to the new update on Kyber Network (KNC) token.
On the long-term weekly chart, the price action of the Kyber Network is completing the last leg of bullish Butterfly pattern and soon it will be entered in potential reversal zone. The simple moving averages 25 and 50 are forming death cross which can push the price action to complete this leg.
Buying and sell ranges:
The priceline cannot enter in negative zone. Therefore we can have an idea using volume profile where to buy.
Stop loss:
For this purpose we can again use the volume profile that up to what level the traders have interest to trade. Below that level we can set our stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 998%, and the loss possibility is only 27%.
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.
$KNC/USDT 1h (Binance Fut.) Channel breakout & Bullflag forming#KyberNetwork is looking ready for bullish continuation here since 100EMA & 200MA are acting as support!
Current Price= 0.91284
Buy Entry= 0.91150 - 0.90150
Take Profit= 0.93530 | 0.96045 | 0.99758
Stop Loss= 0.87770
Risk/Reward= 1:1 | 1:1.87 | 1:3.16
Expected Profit= +9.54% | +17.85% | +30.15%
Possible Loss= -9.54%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 120h
KNC flagKyber Network has seen a strong decline in price compared to Bitcoin during the past few months. It is now drawing a flag pattern on the daily chart.
Watch for the MACD to not make a crossover and for the Stochastic to curl up.
Entry: around 5150 sats (probable bottom of the flag)
SL: 4750
Targets: 6200 - 7200
KNCUSD - BULLISH FALLING WEDGE BREAKOUT!
We could are ascending to ~1.5 USD as the chart shows
keep eyes!
Good lucky!
✳️Kyber Network/BTC (10/11) View + Trading Plan #KNC $KNCKNC is having a strong rebound from the 4500sts zone and the next targets are the 6500sts and 8000sts zone. The 8000sts is very strong and could be a reversal zone and KNC will continue to fall strongly in the near future.
📈BUY- LONG
- Buy close to 5000-5250sts. Stoploss if B
📉SELL-SHORT
- Sell: 6500-6750sts. Stoploss if A
- Sell: 8000-8250sts. Stoploss if A
♻️BACK-UP
- Sell close to 5000-5250sts if B. Stoploss if A
- Buy: 4500-4750sts. Stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Kyber Network KNC/ BTC - Swing TradeOscillators indicate strong buying signals for Kyber Network on the KNC/BTC chart on the 1D and 3D TF.
It seems like KNC has completed its correction and that it has found support on the red trend-line from where it has already bounced (see red line).
There is strong bullish momentum for a pump up to 60% (entry between 0.00004924-0.00004956)!
Swing Trade KNC-BTC (R:R=3.5+++):
entry@ 0.00004924-0.00004956;
TP1@0.00006288;
TP2@0.00006799;
TP3@0.00007898;
NO stop loss recommended for this crypto for fundamental reasons
(in case price falls considerable lower, add more KNC to your portfolio -> accumulate it and hodl/stake it for long-term)
I´m not a financial adviser. For educational purpose only!
Kyber network stuck in a range KNCKyber network on both the BTC and USDT chart has had some serious sell off over the past few months and has been stuck in a nice range for a few weeks on the USDT chart.
Im expecting to see a descent pause on the KNC/BTC chart and a short term recovery to reclaim some previous liquidity zones.
If we see that reversal or recovery on the sat chart and BTC holds its current position and consolidates for a week or so i expect to see the KNC/USDT chart have some huge upside for a while.
Looking to enter long on low leverage from the demand block at the bottom of the range but its a critical point ill be watching closely.
If it breaks this bottom im out as the trades invalidated.
Looking to manage the trade at the supply block at the top of the range and then again at the smaller resistance level around 1.186 heading into that previous consolidation.
still a good 7:1 trade catching the bottom of this range so worth a shot for my style of trading.
POSSIBLE bullish signals in a bearish pattern - can it reverse?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
Reversal looking more promising - BUT this support is crucialThe 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 could be playing out steadily right now, and we will see how far it goes.
The bullish case: price action closes on top of the following moving averages and it will be further confirmation that this is a reversal, as it has not closed on top of these moving averages since the selloff: the 4HR 200, 12HR 50 and the daily 21MA
The bearish case: if price action closes below the 21MA, which will indicate either a delayed reversal or lower price action.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
Very bullish signals apparent - will it play out this time?The current situation:
1. Price action has formed an apparent double-bottom pattern on the daily chart with the neckline at about 1.06 USD and the measured target to be about 1.3 USD
Moving averages on the 4, 6, 12HR and daily charts are consolidating at about the 0.9 to 1 USD level, which in my opinion is a good sign as price action is tightening and a big move is expected.
2. On the weekly chart, seller volume is decreasing with lower price action, which can be a signal that seller strength is weakening.
3. There are double bullish divergences apparent on the daily chart. If this plays out, this can be catalyst for a move up.
The bullish case: price action needs to get above some of the major moving averages, especially the daily 21MA, which it has not done since the selloff back on September 3rd
The bearish case: currently, price action has just gotten on top of the 1HR 21 and 50MA, which is a good start. However, if price action falls back below these 2 moving averages again, that is a bad sign.
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
Is it DEAD? Current situation:
1. There were very bearish signs as I have mentioned in my previous, where there was a head and shoulders pattern inside a bearish symmetrical triangle. The head and shoulders pattern broke out and met its measured target. Now, the price action is being supported by the daily 200 moving average. But the symmetrical triangle was broken as well apparently and the measured target for that is about 0.75
If we break down below the daily 200, we will be under all major moving averages on this chart. In that case, these moving averages will act as resistance for price action getting back up. Depending on the distance between these moving averages, it could be a bumpy ride back up. If the distances between each of the moving averages then are small, it may be smoother because then price action can break multiple at once instead of each one by one, where the latter takes more time.
2. Volume: seller looks like it's still trending up with lower price action, signaling seller strength is still strong.
3. RSI: not quite oversold on many of the bigger timeframes and bullish is not apparent from the 4HR timeframe up. So I do not see a sign of reversal here on the RSI yet.
* These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
Looking VERY BEARISH with these signs but will it go up instead?The current situation:
1. On the 4HR chart, there is a head and shoulders pattern apparent with the neckline at about 1.18 and it seems like price action has already broken through that neckline currently. The measured move is about 1.02, which is also where the daily 200 moving average is and can act as support for the breakdown.
Also, if we zoom out to the daily chart, we can see that the head and shoulders pattern is part of a bigger bearish symmetrical triangle pattern. The measured target of that triangle is now about 0.75
2. Volume: seller volume has been steady and is most apparent on the daily chart. This is not a good sign for a reversal to upward price action as it does not indicate seller strength is weakening.
3. RSI: it is oversold on the hourly, with clear bullish divergence on the 1 and 4HR charts. This could be a catalyst for a reversal on these time frames IF they play out.
The bullish case:
1. Price action does at least need to get back on top of 1.16 and the hourly 21 moving average to make a case to even start looking bullish.
The bearish case:
1. The next level down where there was a bounce was about 1.10, if this level is broken, it will convince me that the symmetrical triangle has been broken. If the daily 200 moving average is also broken with price action start closing below 1, that will be a very bearish sign.
* These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
Bigger bearish symmetrical triangle formed - signals to watchThe current scenario:
1. Market structure: price action previously broke out of a symmetrical triangle with the measured target to be about 1.6 USD (see my previous posts) but have failed to reach the target. After being rejected by the 6HR 50 moving average, price action has gone to as low as 1.18 and now formed a bigger bearish symmetrical triangle. The upside measured target from the apex of this symmetrical triangle is about 1.65 and the downside measured target is at about 0.87. It is also important to note that we starting this week's candle under the 21 moving average and the immediate support we have is the 3D 50 moving average. Breaking below the 3D 50 moving average will be a BAD sign so I would watch this level.
2. BTC dominance is currently reversing back up to about 60% and is at the 6HR 21 and 50 moving average. If this does not get rejected at those moving averages, more upside on BTC.D will mean altcoins are going to take a further hit overall. So it is very important to watch where BTC.D trends in my opinion.
3. RSI: there is currently bullish divergence on the hourly chart, let's see if this plays out and starts an upswing to the upper trend line of this triangle.
The bullish case:
1. The 6HR 50 moving average, which was the previous resistance is now coming down and currently sitting at about 1.3. If we get price action above this moving average, it is a good sign for the bulls as the next moving average that will act as resistance is the daily 21 moving average currently at about 1.42.
The bearish case:
1. The 3D candle closes below the 3D 50 moving average as that has been the support since the dump.
* These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
Kyber Network (KNC) - September 13Hello?
Dear traders, nice to meet you.
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By "following" you can always get new information quickly.
Thank you for always supporting me.
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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 point.
Breaking the downtrend line (4), it remains to be seen if it can move above the 1.43039721 point.
If it falls from the uptrend line (2), it is a short-term Stop Loss.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
BREAKOUT success - here's the next level of resistanceThe current situation:
1. Price action broke out of the smaller symmetrical triangle that should have been a continuation of the breakout of the larger symmetrical triangle on 9/9. The next level of resistance is the 6HR 50 moving average currently sitting at about 1.35
2. On the daily chart, it seems more apparent to me that this is indeed the recovery and I would expect more buyer volume to show up on the daily for more upward price action.
3. The RSI is in overbought territory on the hourly so I predict a pullback at 1.35 where the 6HR 50 moving average is.
*These are purely my speculations and are not financial advice. You should always do your own due diligence before trading or investing.