KNCUSDT trade ideas
KNC beautiful R:R here, can go higherThis is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
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#KNCUSDT going to correction in the downtrend channel KNC needs the correction for pump and returns to uptrend channel, so if break the support and go down in downtrend channel, it will pump again after som correction... in the second alternative, it can be going to bull in uptrend channel and break all resistance.
KNCUSDT Higher Lows Structural Resistance|Volume Influx|.618 FIBEvening Traders,
Today’s Analysis – KNCUSDT – bullish price action trading into its apex where a break will be imminent.
Points to consider,
- Consecutive higher lows
- 21 MA support
- Key structural resistance
- Oscillators above 50
- Strong volume influx
KNCUSDT has established consecutive higher lows under key structural resistance; this gives us a bullish bias on the market.
The Oscillators are both trading above 50, further solidifying the short term bullish bias.
Immediate support, the 21 MA, in confluence with the .618 Fibonacci, if price retraces it must hold as this area is the apex.
A strong volume influx is evident, it needs follow through which is a technical signal of demand being present in the market.
Overall in my opinion, a retrace to the .618 Fibonacci will allow for a valid long, risk is defined at previous swing low. This is front running the break so discretion must be used upon management.
What are your thoughts?
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And remember,
“If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” – Mark Douglas
(2h) Binance, KNCUSDT, About to break resistanceAt this price, KNCUSDT is doing correction for 2H but on 4H, KNCUSDT is really overbought
Rebound line can be used for stealing entry or early entry
But if KNC want to have good move like 30% pump, it will be good to have some times for correction
disclaimer:
-> this is not financial or trading advice
-> read the chart carefully and compare with other analysis
-> this analysis can 100% wrong, your action is your own risk
KNCUSDT Bullish Breakout possibilityHello friend,
Spotted Bullish Pennant setup here with good breakout possibility in the upside direction. Make sure to follow stop loss advice to keep the loss short should incase it went towards opposite direction.
Kindly go through the chart and do leave us your comments to let us know how you feel about our view.
DeFi Buy Opportunity - KNCUSDTKNC prices have demonstrated predicatbility in movements, as they are trapped into this channel.
If history repeats itself, given than support its holding, we might target the upper bound of the channel.
Macd is showing a bullish reversal too.
Be careful because a trading competition on DeFi tokens is going on, thus increased volatility might be expected.
Buy zone: current - 1.562
TP: 1.70324 - 1.7600
Fast Money: KNCUSDT LONG TRADE for 7% - 11% ProfitSymbol: KNCUSDT, KNCUSDTP
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern PRO
Timeframes: 15M -12H
Signal: Blue -> Green
Context: Green
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DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Expect a 50% rise in Kyber Network by THE END OF JULYWith the recent release of KYBER DAO and Katalyst two weeks ago users are staking their KNC as we speak in anticipation of the first payment to be released to the staker in less than 12 hours. The Kyber DAO protocol collects fee when trades uses the Kyber SWAP to swap their units without use of a centralized exchange. This massive jump in DeFi (Decentralized Finance) technology rewards stakers with Ethereum.
Now Provided the release of ETH Is of good quantity to the stakers, expect a massive flood of report of happy customers flowing into all social media platforms driving the price upwards.
In fact I wouldn't be surprised if KNC would push its price along with Ethereum's. Kyber decentralized exchange is a revolutionary technology and a leader in the market.
KNCUSDT Short-term ScalpThis is just a scalp trade short-term and not long-term.
Short entry : 1.847
First target : 1.78
Second target (optional) : 1.745
Third target (optional) : 1.685
Last target : 1.65
Long-term I've seen KNC forming a possible double top pattern waiting for a confirmation of a supportlevel break.
Will update more.