KNCUSD trade ideas
Scalp strategy for KNC if further downsides.The 200 MA can be seen as possible sell area if this tanks to a 786 or 886. Nice R2R. Drew it yesterday with a 618 and yep it rose and rejected the 200MA area. Not worth betting on but confirming the top. Strong downward resistance from top in that area. Wicks taken off chart and microscopic corners cut to get a message across . I like it, especially as a short term swing trade. But from an 886 you could sky above it to retest higher resistance.
All is cancelled if it closes above 200MA and might be another confirmation area to consider for another scalp. But i can see a flat top desc broadening wedge developing. 786 might be the one. This one runs its course in a week or two.
Bullish on KNCUSD, but THIS needs to happen firstBullish Case:
1. Market structure: an inverse head and shoulders pattern is apparent on the daily chart. The measured move is 287 USD (205-123+205).
2. Volume: it has been steadily increasing in the past 5 days with price, including today's, which should result in the highest volume so far.
3. RSI: only the 4HR timeframe is in slight overbought territory at about 71. All other major timeframes have an RSI under 70, which indicate some room to run if the pattern plays out.
Prediction: IF A DAILY CANDLE closes above 2.05, that will be very convincing to me of the pattern breakout. If the close comes in between 2 and 2.05, the bullish case can still occur as a daily close above 2 has not happened.
Bearish case:
1. If the price action gets rejected below 2, the pattern may continue into a complex inverse head and shoulders. We may have to look for another attempt after the rejection for a breakout then.
basing structure + stable breakout = $$i hns while breaking through a trendline on low volume tells me that we can go a long way from here.
RSI looks like we want to go higher and volume aggregation tool just flipped green.
I would have buy order on the trenline.
not financial advice.
stay safe
KNC Bullish SetupMacD looks bullish on day chart, retest of major resistance with break threw possible. This is not financial advice.
HiIt is respecting each resistance line as it progresses ..
**I am not a trading advisor and this is only for illustration purposes**
KNCThe Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
KNC LOOKING FOR THE 4TH TOUCH AT TOP OF THE TRIANGLEThe 4th touch at the top of the triangle could hopefully be its last and then a break out to the 2.85 to 3.15 range is in sight.
KNC LOOKING FOR THE 4TH TOUCH AT TOP OF THE TRIANGLE
Bullish on Khyber Here! KNCUSDLooks like correction has ended. Establishing higher lows on this one.
KNC to 1.25 before 3?Its a classic heads and shoulder pattern, if KNC is not able to hold over the support line in the triangle it will hit this 1.25ish area then go back up into the triangle if it holds the support then it's just going up. Something to think about, I'm not sure if it will because I see how it would want to go up honestly have idea I got in again yesterday at 1.51 and have been in since but if it shows signs of decline I will sell out and look for this lower re-entry at 1.25 ish after a reversal is confirmed.
My reasoning behind it dropping is the green heads and shoulders while my reason for it going up is the blue heads and shoulders and resistance line
There are a few possibilities
If it were to hit this 1.25 while that would not be good for our triangle it would set us up perfectly for a double bottom and then fly to the moon
KNC bullish longAiming for recistance on 1.92. and if we breaks this we heading for new high and possible 3$
KNC fucked short termHead and shoulders pattern, if you're in now get out and try to get back in later, still think this coin has lots of potential but it will drop
KNCUSD DAILY ASCENDING TRIANGLE READY TO BREAKOUT!!Everything is pointing in that direction. This type of ascending triangle pattern is a continuation. It is Printing higher highs and lower highs. The RSI on the daily is Bullish. The STOCHS just crossed over bullish on the daily. The ADX just crossed bullish but needs a little more work and I like how the 50 DAY EMA is holding up the lower highs and how it lines up with the bottom trend line here looking to take KNC up to a new High.
