KNCUST Elliott wave countKyber network may have been bottomed @ 0.3561 after wave (v) of ((c)) finished as an ending diagonal.
Above 0.41 and clearing 0.53 we are looking for 5 waves to clear previous wave (iv) of wave ((c)).
For up trend Wave (i) an expending leading diagonal and wave (ii) bounced into 0.618 fib retracement.
KNCPERP trade ideas
KNCUSD Elliott wave countKyber network looking good with a lot of accumulation, more than 1.6 years, above 0.618 fib retracement.
You see here how good are Fibonacci levels acting like support and resistance.
Above 0.4644 and clearing 0.8157 we are looking to the upside.
We will post updates soon with an intraday count.
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KNC breakup from $0.88 target $2I trade stock , forex and crypto since year 2008.
sharing my technical analysis trading idea.
KNC breakup from $0.88 target $2
KNCUSD full retrace likely before the accummulationKNC lovers probably won't like this analysis but it's time to face the truth.
As the bear market continues it is very likely that KNCUSD will do a full retrace before the accummulation phase.
If it had to happen the price would drop over 98 % from 2022 highs. Actually it wouldn't be anything an extraordinary as we know altcoins can drop even 99 % in the bear market and some of them go to zero.
0,15 -0,10 $ seems to be a fair price of this project survives the bear market and doesn't go to zero. From there we expect traders and investors to start accumulating KNC.
Any bounce probably will be a short lifted and the price eventually will go down.
Good luck
KNC This looks like beautiful consolidation pattern which will resolve to the upside. Right now there is a nice little fractal on 1h time frame. Great chance to get up that risk reward ratio.
KNC TradeKNC is ranging about 10% it seems like the bears have a harder time than bulls bears took a week to push down bulls 2 days up
KNCUSD Buy signal. Still room to rise inside this Rectangle.Kyber Network Crystal v2 / KNCUSD is posting a bullish fractal, common in the last 11 months.
The wide pattern is a Rectangle whose top has been hit on both prior bottom rallies.
Buy and target 0.96000.
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KNC/USDT Long
Rsi is into the good area.
Cup with handle formation and retest has done.
MACD is going to nice area to buy.
If there is no problem BTC's way that means BTC goes horizontal with smooth moves, our pattern will work.
That is not a financial advise, only my idea. It's up to you joining that.
KNCUSDTHello Traders,
As we can see that KNCUSDT is in a slow bleeding phase we can expect this that it will come to the lower resistance then we will have a long position to wait till it comes to support and then follow the chart pattern.
Kncusdt.P Short Term Targets BINANCE:KNCUSD.P Technical Analysis,
Fib Retracement + Resistence zone
Short Term Targets : 0,65/ 0,60 / 0,55
If we can see Bitcoin can Broke all support zone we keep our knc Targets.
#knc shortAs we can see a clear double top on the upper range of resistance now we can expect a falldown of around upto lower suppport as shown in the chart
KNC Playout ChartKyber Network is a decentralized crypto exchange protocol built on the Ethereum blockchain. The protocol allows users to exchange crypto assets directly and securely without the need for a third party.
Currently, KNC has the potential to undergo a correction due to its failure to break through the resistance line at $0.83. The potential decline could reach minus -15.5% with a target drop at $0.655. The first support for KNC is at $0.7, but on a larger time frame, KNC is forming a bearish rising wedge.
Kyber Network At Attractive LevelsHello Crypto traders, today we will talk about Kyber Network cryptocurrency with ticker KNCUSD, where we see nice and clean bullish setup formation from Elliott wave perspective.
KNCUSD sold-off in the second part of 2022, but in three legs A-B-C only, which means that correction can be coming to an end if we consider an impulsive five-wave rally from the lows since 2019 till 2022. Ideal support we see here around 0.60 – 0.40 area and from where we should be aware of a bullish continuation in 2023. First bullish evidence would be above trendline connected from the highs and above 1.0 level, while bullish confirmation is only above 2.0 region.
Keep also in mind that we remain bullish as long as the price is above 0.11 invalidation level.
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
KNC/USD 2M 646%The Kyber Network Crystals (KNC) is a protocol that aims to make swapping digital assets and cryptocurrencies simple and efficient. The Kyber protocol aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application, meaning that the network doesn’t require any bank or other institution in the middle. On the network, there are two categories of users: makers and takers. Makers create liquidity by holding their tokens, and takers are the end users that are requesting the swap of tokens.
Over the years, it has been proven that cryptocurrency trading on centralized exchanges is prone to cybersecurity hacking and internal fraud. Moreover, trading on centralized exchanges is incompatible with DeFi (decentralized finance) applications since bridging between decentralized applications and centralized servers is theoretically impossible without compromising the trust model. Regardless, all DeFi applications require good liquidity sources, which is a necessary component for providing high-quality services.
The whitepaper states that, to overcome this issue, the Kyber Network provides an exchange of tokens in an instant and decentralized way by using liquidity pools—pools of multiple cryptocurrencies that any project has the ability to tap into. In contrast to centralized exchanges, there is no need to register or open an account. Kyber's approach allows liquidity to be aggregated from numerous sources into a single network. This implies it allows takers to conduct multiple token transactions in a single blockchain transaction via a single endpoint. In addition, end users, decentralized exchanges, and other decentralized protocols can all contribute liquidity via the Kyber protocol, which allows for a wide range of implementation options for liquidity providers.
Another potential use case offered by Kyber is decentralized applications (DApps). Conceptually, DApps are similar to any other apps or games users could find on their computer or phone. The key difference is that DApps are based on and driven by decentralized protocols like Ethereum. DApps can connect to the Kyber network in order to accept any token from users but only receive the token they want. The token swaps occur on the Ethereum blockchain, and the transactions are completely transparent.
KNC is the native utility and governance token used to facilitate and pay fees for transactions on the Kyber network. The token is built on Ethereum in accordance with the ERC20 standards, which define the common list of rules for the tokens to function in the Ethereum ecosystem. KNC also utilizes smart contracts. These are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. Smart contracts offer the infrastructure in the Kyber network that allows one token to be swapped for another.
#KNC/USDT - Long - Potential 45.68%#KNC/USDT - Long - Potential 45.68%
Strategy: Long
Exchange: Multi-Exchange
Account: Spot
Entry mode: DCA Limit
Invest: 5%
Exit:
Target 3 : 0.974 51.42%
Target 2 : 0.801 24.52%
Target 1 : 0.7 8.82%
DCA Entries
Entry 1: 0.670 - 25%
Entry 2: 0.649 - 25%
Entry 3: 0.627 - 50%
Current market price: 0.669
Stop: 0.595 (-7.5%)
Technical indicators:
24h Volume: 3832138.1991
Satoshis: 0.669
Trendline and 50 candle moving average break with volume coming in.
Trade: KNCUSDT 02/12/2022 10:57
Account: SPOT
Volume last 24h: 3832138.20 USDT