KNCUSDT trade ideas
💡Don't miss the great buy opportunity in KNCUSD @KyberNetwork
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (4.887).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. KNCUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 54.
Take Profits:
TP1= @ 5.280
TP2= @ 5.524
TP3= @ 5.755
TP4= @ 6.004
TP5= @ 6.208
SL= Break below S2
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💡Don't miss the great buy opportunity in KNCUSD @KyberNetwork
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (4.887).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. KNCUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 54.
Take Profits:
TP1= @ 5.280
TP2= @ 5.524
TP3= @ 5.755
TP4= @ 6.004
TP5= @ 6.208
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
KYBER NETWORK TO FALL ABOUT 10% IN IMMEDIATE SHORT TERMKyber Network is currently tapped out on is wave trend and needs to have a slight correction in the immediate here and now before looking for a possible bounce using its ascending trend line which meets with the ascending trend channels resistance line, which creates a rising wedge that the price action will most likely look for one more bounce to see about breaking above this trend channel its in.
Short Trade:
Limit Order: @ $5.19(SHORT)
Target Profit: @ $4.70 (-8.74%)
Stop Loss Trigger: $5.40 (-4.85%)
Stop Loss Order: $5:41 (-5.00%)
Looking for the bounce at the $4.70 level to where we can see a fulfillment of the rising wedge, and then a bigger break down to retest double bottom at $3.65 or we could stop with support along the bottom of the ascending trend channel. We will have to wait and see on that.
KNC - DON*T BELIEVE IN A NEW ATH NOWHey Guys, I already longed and shorted KNC. It is a good project, but I think it is more likely we see a drop in the channel to the support.. if we breakt it, we will see definitely a bigger correction. Please be careful.
AND AS ALWAYS GUYS
NO FINANCIAL ADVICE | DYOR | HAPPY TRADING