KNCUSDT trade ideas
KNC, 10 Jan. An epic Cup & Handle.Kyber Network started trading on major exchanges at $1.88 in September 2017. It soon went to $6, then crashed to $0.11, and recently began to oscillate roughly between 1 and 2 dollars.
On the weekly chart (not the one above) we see a multi-year cup & handle pattern. More importantly, price has reached a point of the handle where we could position ourselves for a (potentially) epic move.
Let’s take a look.
Elliott:
We are looking for a wave (v) of C (in blue) to complete. If correct, this will bring KNC to $1, if wave 5 is equal to wave 1 in length.
Geometry:
Price got rejected at the channel median. The channel bottom provides support for what could be a spring in a Wyckoff re-accumulation.
Oscillators:
Stochastic is overbought and due to retrace. MFI is strongly positive. RSI shows a slight bullish divergence.
Volume:
Volume shows frequent (and quite extreme) demand spikes in a low volatility phase, a very bullish signal of accumulation.
How to trade it:
The idea is to trade a multi-month breakout, starting from the upper boundary of the channel. 3 Levels provide excellent risk-reward ratios to gradually build up our long exposure:
- The channel bottom at 1.1
- 61.8% retracement and .5 Fib of the channel at 1.3
- A higher high at 1.6, in which case the EW count is invalidated and the correction could be complete.
The idea is likely invalidated if KNC breaks below 0.97, which is the 78.6% retracement of the previous wave on the weekly chart.
KNCUSDT is testing the daily resistanceKNCUSDT is testing the daily resistance, IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
KNCUSDT 180 % increase soonKNC is a defi project.
Defi sector hasn´t done too good due to the nft and metaverse recent hype.
We believe that defi sector may perform well in 2022.
KNC is one of those solid defi coins that is listed on major exchanges such as binance, coinbase, huobi. Good fundamentals.
Simple analysis based on the key levels.
Currently pretty undervalued.
Price in the range. Wait for the pull back or buy now.
If the price drops to critical support, you can add more.
If critical support breaks, we expect further drop therefore having Stop loss is necessary. Proper risk management is a key.
Targets like in the chart. We expect KNC to give 180 % in the next weeks or months.
No financial advice
KNCUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 2 - 2.4 - 3
after first target reached move ur stop to breakeven
stop: under 1.3 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to your questions or suggestions.
🆓Kyber Network Crystal v2 (KNC) Dec-3 #KNC $KNC
KNC is being rejected at the $2 zone and is heading towards the 1.6$ zone before rallying back up to the 2$, 2.4 and 3.2$ zone in December and January. But if it loses the 1.6$ zone then we are in. will consider buying it again at the $1.4 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 1.6$ zone
🔴Buy : 1.6
🔴Sell : 2 - 2.4 - 3.2
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 1.6$ zone
🔵Sell : 1.6
🔵Buy : 1.4
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
KNCUSDT 2H - Bullish ContinuationHello Guys, don't forget to this hidden gem coin, same like another alt coin but this coin make beautiful chart.
I expect KNC will make a strong move in the shorterm with bullish continuation pattern in daily and local timeframe
Entry Point :
1.750 - 1.850
Target 1 - 2.00
Target 2 - 2.20
Target 3 - 2.40
Target 4 - 2.60
Target 5 - 3.00
Target 6 - 3.33
Target 7 - 3.57
Target 8 - 4.00
Stop Loss : 1.400$
Keep in mind leverage trading can be highly risky, trade with not more than 5% of your funds in leverage trades.
*Not financial advice.
If you want me to share these trades here, hit the like button and share your views in the comment section.
KNC to go ballistic moon soon triple bullish gartley 3 bullish gartleys the first is sloppy but contextually valid
hidden bull div macd
trendline supports cmf and rsi
consistent accumulation (acc/dist)
the psychology behind a bullish gartley is a market that wants to run but the price is suppressed at points A and C in the XABCD by the composite operator who wants to further accumulate his position before letting the stock run
when 3 of these structures appear with consecutive higher lows with the final structure at a critical inflection point and fib support it isnt hard to imagine what happens next
its crazy how i post great content and tradingview people just dont really care. im one of the most successful traders of all time and am giving away game for free.
knc will absolutely go ballistic
KNCKeeping an eye on her! After a 446% boost wave we corrected, making a climax where bulls and bears are tied. leaving a beautiful symmetrical triangle pattern. I believe she will make the same move she said about the SXP cryptocurrency.
DISCLAIMER: Please note that my studies portray my personal opinion only and should be considered for educational purposes only. They should not be considered as a recommendation to buy or sell an asset!
I am not responsible for any damages to your capital. Your capital is at risk in the equity market.