KNCUSDT DEEP CRABThe Crab Pattern is a volatile 5-point extension structure that was discovered by Scott Carney in 2000. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg lies between 0.382 and 0.618 and the PRZ consists of 3 converging harmonic levels: 1) 1.618 extension of the primary XA leg, 2) AB=CD pattern, either equivalent, 1.27 or 1.618 and 3) Extreme BC projection of 2.24, 2.618, 3.14 or 3.618.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. Common stop levels lie behind the next structure level after the D point or the 2.0 extension of XA. Conservative traders may look for additional confirmation. These patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool to visually identify 5-point reversal structures on a chart.
KNCUSDT trade ideas
KNCUSDT | Two Potential Scenarios For KNCWhat 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.
All transactions on Kyber are on-chain, which means they can be easily verified using any Ethereum block explorer. Projects can build on top of Kyber to utilize all the services offered by the protocol, such as the instant settlement of tokens, liquidity aggregation, and a customizable business model.
Technical Analysis:
As we can see from the chart the price is moving within this "Ascending Channel"
The trend is very strong and we can see the price to increase more up to 5.5750 and 6.1954
Let's say that you think that the price now is overvalued. Just wait and see if the price will
try to breakdown of the channel. With that the chances for a bearish movement will increase as well.
Bearish Targets at 4.0106 and 3.2351
Thank you and Good Luck!
KNC : WATCHLIST SHORT SET UPWait for pull back 4H confirmation
now it's very oversold
This one will be good coin for Short if BTC fall down its 37500 support
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1. The analysis is for scalping /day trade methods only , not for coin holders/investors /long term If you follow it please set SL at ur acceptable risk
2. Tradingview won't let me update the analysis status via phone-- but i try to log in PC 1 time a day
KNCUSDT wants the pullback?
The price is going to have a retracement after 4 months of the uptrend and now it's testing an important area as new support.
The price could have a pullback before a new bearish impulse until the monthly support.
So, how we can approach it?
IF the price is going to have a pullback, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
KNC REVERSALAfter seeing a huge dump in the market, KNC may see a reversal (double bottom)
Why you ask?
the market just wen over sold and the first bottom has been created but that isn't a sufficient reason to open a long position.
That's why I'm waiting for the price to get back into the purple rectangle and close above it plus an entry reason(it could be a big green candle or a chart pattern on the lower time frame).
KNC dipping further?! Hey, $KNC had an amazing run the last months but retraced significant from the last local top - this is a very simple and nice setup - we are waiting for losing the fairtradezone ride down to the next accumulation area or bounce before - so very simple invalidation and sweet RR imo. Im taking this with x3 lev and bigger pos.