Kybersignals
KNCUSD approaching its All Time HighKyber Network (KNCUSD) has been trading within a Channel Up since the January 06 low, supported by the 1D MA50 (blue trend-line). Since April 08, it has been struggling to break emphatically above the 4.4000 Resistance. That was the level where April 10 and May 07 2021 made a Double Top and rejected the price back to the 1.1000 Support.
The current Channel Up seems to be quite similar (so far) to the one that led to the April/ May 2021 Double Top rejection. Its invalidation level then was on the last Higher Low of the Channel Up. On the current pattern, that level is around 2.8000. A break below it, would most likely start a correction towards the Support Zone. As long as the price is above the invalidation line, we are most likely to test the 6.1000 All Time High of January 2018. A weekly closing above it will then target 9.0000 (1.5 Fibonacci extension).
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Kyber Network seems to be Bullish 07/02/2021as it has already passed the accumulation zone, even once had touched its ATH,
currently in the supply zone so we can be very bullish about KNC
the TP has been defined by Fibonacci projection of its impulsive bullish cycle
and it seems to be at a good place to buy it,
what do you think?
Kyber NetworkMy first check about project is simple : if i see they are listed on Coinbase + Kraken, it could means they have a good potential, for me if a project is listed only on Binance, is not enough, that said it does not mean the project is bad or will fail, but more premiums exchanges list it = more credibility. Kyber is listed everywhere.
What Is Kyber Network (KNC)?
Kyber Network is a hub of liquidity protocols that aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (DApp). The main goal of Kyber Network is to enable DeFi DApps, decentralized exchanges (DEXs) and other users easy access to liquidity pools that provide the best rates.
What Makes Kyber Network Unique?
Kyber Network is the first tool that allows anyone to instantly swap tokens without the need of a third-party, like a centralized exchange.
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Trading Parts :
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- Buy now a bit
- Rebuy more if back to 2$ ish
- Full Buy at 1.20$
- TP1 : 3.8$ (Security TP old ATH)
- TP2 : 5.5$ ( 161.8% Fibo )
- TP3 : 8$$ ( 261.8% Fibo)
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Manage wisely your invests, Dyor projects & always have an eye on TheKing moves.
Happy Tr4Ding !
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
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.
Kyber Network Setup Looks Really GoodKyber looks close to bottom if not already been there. Been waiting for weeks for 200 SMA to Cross the 314 SMA. Looks very near. Little overhead resistance. Couple that with staking announcement any day now we might be looking for an rocket ship. Team looks good. Lot of players in the market but they standout for many reasons for big investors. Not saying it can overtake MAKER but I wouldn't be surprised. Add the fact stakers will be able to vote on number of coins burned thus increasing coin value makes it a no brainer long term. Please read white papers. Sit back and watch the fireworks.
kyber.network
The KyberNetwork can take a big move upto 5400%The KyberNetwork is moving within a pennant and since dec 2017 the support of the pennant cannot be broken even after 6 hits on the support.
At the moment the price action is again hitting the support of the pennant but this time it is also at 1.13 fibonacci of bearish shark pattern and due to the strong support of pattern the price action will not move more than this 1.13 fibonacci therefore I am taking the buying zone from 0.886 to 1.13 fibonacci rather than 1.13 to 1.618 fibonacci.
We have also pivot 1st support just beneath the pennant's support.
The formation of C to D leg will be started soon insha Allah.
The targets are:
Buy between: 0.00001410 to 0.00010653
Sell targets:
For secure targets sell between: 0.00027611 to 0.00055322
For aggressive targets sell between: 0.00062750 to 0.00078300
Regards,
Atif Akbar (moon333)