KNCPERP trade ideas
Target is $2.5KNC has been doing phenomenal while the rest of the market dumps. Crypto is just following the stock market at this point. SPY is down, but likely at the bottom. Hoping for SPY to go up from here. KNC can easily hit $2.5.
My long entry: ~$1.88 and 2/3rds of my crypto portfolio is in KNC.
One of my concerns is that once the market recovers, which I am bullish on, interest in KNC will drop.. It's usually what happens.
$TSLA is also down 21% in the past week.
Cup and Handle Pattern on KyberKyber is a lowcap that is going to soon release its Kyber 3.0 version with an updated DEX procedure. Currently hitting green on the daily MACD, cup and handle pattern shows that this is probably heading towards $3 territory. However, be on the look on price action for BTC as well. If BTC doesn't perform then Kyber will not see any any of these potential gains.
KNC/USD - On $1.5 support, decision time...KNC is sitting on the $1.5 support line. Should we fall we will likely re-test the massive ascending channel we find ourselves in.
For this reason it is best to wait to see where price is going, as you may have a good opportunity to buy later at just above $1.
On larger timeframes the indicators look bearish, but on lower timeframes like 4h we seem to form a bullish divergence which may hold the price from falling further, but that is a bit too early to say.
As such, if we do find a base here, a long would be in order soon.
Last time KNC was turned around from $2.6 level, I'd expect that to not hold a second attempt. Time will tell.
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KNCBeen following this one off and on for a while now...didnt pull the trigger before but now I will...too much confluence to pass it up..bounced nice on the kijun. volume is decent. blue targets are on the right.
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