Kyber Network (KNC) formed bullish Gartley for upto 15% moveHi dear friends, hope you are well and welcome to the new trade setup of Kyber Network (KNC).
Previously we caught more than 73% pump of KNC as below:
Now on a 4-hr time frame, KNC has formed a bullish Gartley move for another price reversal.
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
Kybernetworkbitcoin
Kyber Network (KNC) formed bullish Gartley for upto 132% moveHi dear friends, hope you are well and welcome to the new trade setup of Kyber Network (KNC).
Previously we had a nice trade of KNC:
Now on a daily time frame, KNC has formed a big bullish Gartley pattern.
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
KNCUSD Interesting Price StructureKyber has an interesting price pattern within the respective Fibonacci circle
Topping out at a fib level only to return to the one before it
If this continues red oval is price target
KNC - Kyber Network Crystal | Are you a Believer? With an ever - expanding ecosystem, several attempts to optimize the overall DeFi use cases, Kyber is on a path to success!
KNC - The native token is certainly going to be the foremost beneficiary as the network adoption keeps on increasing and creates a supply-demand imbalance in the near future!
KNC Risk Reward - Hypothetical Key Area(s)A quick glance at some key support and resistance levels involving Kyber Network.
Testing .618 currently. Back test hopeful in the coming weeks to previous resistance at 3.57 level.
This is not trading advice and always to your own DD before entering a trade. GL
Kyber Network *** Kyber Network is a very old project based on ETH network and with the recent growing interest in DeFi, they also transformed as a DeFi project.
This is one of the very first project from 2017/18 along side with projects like Komodo Plattform where you could swap your tokens.
Which we are doing now a days with UniSwap and other dozens of swap project.
Comparing to those projects Kyber Network is very low in price at the monet and could show good growth in coming years with the rising interest in Bitcoin and other digital assets.
*** This is just for educational purpose. Not an investment advice. I am just sharing my own analysis.
Thanks for watching.
Follow if you like.
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 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 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!
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.
Weekly buy opportunities - Cashless societyI recommend entering a long position in the idea that the ultimate goal is to replace cash in society if you're an investor. As per Bitcoin cash's ultimate goal to achieve 'mankind scale, 50 transactions a day for 10 billion humans',
coins such as Litecoin, Bitcoin, Bitcoin Cash hold massive potential.
Kyber and 0x are not very applicable in this area, however it is always nice to generate some capital from a clearly bullish coin.
The Gaussian channel indicator provides us this data
Its only a matter of time
KNC/BTC good R:R trade setupKNC reversed at the .236 and is now currently trading at .00012892. The reason I like this pair so much and this trade is because of the Risk to Reward. The Stop loss is at .0001170 and the first target is .00017. The trend will continue up the Fibonacci ladder and I have my final TP3 at the .618 .00028. This is a long term trade and some may find that the TP1 is a more likeable trade. Either way I hope you found this helpful and don't hesitate to comment, like, or give feedback. Happy Trading! (DISCALIMER: THIS IS NOT PROFFESIONAL FINANCIAL ADVISE)
KNCBTC anothe bullish reversal pattern is formedHi friends hope you are doing well and welcome to the new update on Kyber Network. The KNC has surged more than 930%. Therefore in today’s post we will try to have complete analysis how how the KNC surged and what the price action can do next.
A big butterfly move:
Last year in September 2019 I posted in article on tradingview. Where I revlealed that the price action of Kyber Network has completed the formation of bullish Butterfly and it can make up to 512% big move. And finally as per prediction the price action took a powerful bullish divergence and produced more than my Expectations and that is 930% very big move.
A descending triangle and bullish signals:
There was another bullish signal that the price action of KNC gave before taking this powerful bullish divergence. The price action of Kyber Network was moving in a descending triangle and in May 2020 it was moving in the area where the trader’s interest was very low as per volume profile indicator. I have also placed the moon phases indicator on this chart and you can see that the new dark moon was appeared exact at the support of this triangle and the new full moon was above the resistance of the triangle. That was a clear indication that it will be difficult for the priceline to break down the support and it will breakout the resistance. And finally the price action followed the signals and broke out the resistance of this triangle.
Bullish reversal signal after correction rally:
After first bullish move in the month of March 2020 the price action started a correction rally. During this correction rally the price action completed an other bullish reversal pattern on the weekly chart that was another clear signal that the price action will not stop here and soon it will make another powerful bullish move. And that pattern was a Cup & handle. The resistance of the Cup was at $10,000 and the handle of the cup retreced upto 0.382 Fibonacci retracement level and finally broke out the resistance of this cup.
Support and resistance levels:
Now if we switch to the 4 day chart then we can observe four major resistance and support levels. 0.00006500 sats, 0.00010000 sats, 0.00014000 sats and 0.00027500 sats. The price action formed a double bottom on 0.00006500 and broke out the next resistance of 0.00010000 sats and moved up to 0.00014000 sats resistance level. Now the price action is facing hard resistance at this level. If the priceline of Kyber network will be moved down then it can retest the previous resistance as support at 0.00010000 sats. The 0.00014000 sats is very important resistance for the priceline as if it will be broken out then there is no significant resistance from this level up to the next resistance level of 0.00027500. Therefore this 96% gap will be covered within a no period of time after breaking out the 0.00014000 sats resistance.
A bullish reversal harmonic pattern is formed:
While the price action is stuck at 0.00014000 sats resistance level it has formed a bullish Shark pattern on a very small time period 4 hour chart and entered in the potential reversal zone of this pattern. Even though this is not as that much big pattern that can give a powerful push to the price action to break out the next resistance however this bullish reversal pattern can be e helpful.
Conclusion:
If the next resistance level will be broken out then we can again see another very powerful bullish move. But if it will not broken out then the price action may start a bearish rally up to the previous support at 0.00010000 sats.
calling moonshotsKyber looking sexy, forming a bullflag on the weekly chart, and currently sitting above a trend resistance lined turned support, this support in turn could act still as a resistance. I recommend indicator 'trend lines' for identifying trend lines and calling these moonshots, anythings possible.
KNCBTC forming bullish BAT | Upto 12% move on hourly chartHi friends hope you are well, here I have found another profit potential trading idea for you and this time Kyber Network (KNC) is forming bullish BAT pattern and soon it will be entered in potential reversal zone to move up.
The Pattern:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) should be retraced between 0.786 to 0.886 Fibonacci then the price action will be ready to take bullish or upwards move.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Buy between: 0.00007277 to 0.00007152 sats
Sell between: 0.00007571 to 0.00008014 sats
Stop Loss:
The potential reversal zone area which is up to to 0.00007152 can be used as stop loss in case of complete candle stick closes below this level.
Regards,
Atif Akbar (moon333)