KNCUSDT.P trade ideas
KNC/USDT (Key Support Breakdown)💎Technical Analysis Summary💎
OKEX: KNCUSDT
-KNC broke its key support area at $0.85 dollars
-There is no strong support until down to $0.69 dollars
-If you are looking to buy at the next support
-Please wait for any sign of strength to reduce the risk
-These areas are only potential support it can easily be broken down
-If there are no buyers interested in this region
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KNCUSDT Trading opportunityWe should have correction on the upside for the coin after massive breakdown.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss according to your risk management.
Level to watch for are:
POSSIBLE ENTRY ZONE
Possible Support/Resistance LEVEL
SELL TARGET
Kindly go through the chart and do leave us your comments to let us know how you feel about our view,
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knc might make a run itbullish signs here, 3 white soldiers and potential golden cross on the daily chart! last time this occured knc doubled in 6 days, there was a recent false breakout not to long ago when the bulls counldt maintain the momentum but if bitcoin can keep it togather we might have out first breakout session since the crypto massacre thats been going on lately! my money is on knc, it peirced the veil already, im keeping my eyes on the daily and 4 hour candles now if we can maintain some momentum and a possitve turn around we might be setting setting the stage for some decent profits!
KNC - New Life in the Old Dog?KNC is another ERC-20 token, meant essentially as a governance token for the Kyber Network.
We saw a breakout the other day from a clear descending channel we've been in for quite some time.
Since then we seem to be bouncing between a solid new found support range and resistance with a slight decline.
Watch how it acts the next few days, it may be shaping up for a bigger correction upwards.
I think a clear indicator will be price consolidation as we shrink further into the purple support band.
MACD is heading into bull territory.
Stoch right in the middle of the road, looking strong but not overbought.
Just about to hit EMA 100
TP's are below. Stop loss around 20%
TP 1 - 1.13
TP 2 - 1.34
Good luck and be safe! This isn't financial advice.
KNCUSDT AnalysisAt this moment, there are 3 SELL signal present and I'm BEARISH.
So, I don't think this is a good time to buy yet.
Since I have only 3-4 months data on KNCUST, I'd highly recommend you to wait for EngineeringRobo's BUY signals to be present if you'd like to buy again.
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.