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Knc

Bigger bearish symmetrical triangle formed - signals to watchThe current scenario: 1. Market structure: price action previously broke out of a symmetrical triangle with the measured target to be about 1.6 USD (see my previous posts) but have failed to reach the target. After being rejected by the 6HR 50 moving average, price action has gone to as low as 1.18 and now formed a bigger bearish symmetrical triangle. The upside measured target from the apex of this symmetrical triangle is about 1.65 and the downside measured target is at about 0.87. It is also important to note that we starting this week's candle under the 21 moving average and the immediate support we have is the 3D 50 moving average. Breaking below the 3D 50 moving average will be a BAD sign so I would watch this level. 2. BTC dominance is currently reversing back up to about 60% and is at the 6HR 21 and 50 moving average. If this does not get rejected at those moving averages, more upside on BTC.D will mean altcoins are going to take a further hit overall. So it is very important to watch where BTC.D trends in my opinion. 3. RSI: there is currently bullish divergence on the hourly chart, let's see if this plays out and starts an upswing to the upper trend line of this triangle. The bullish case: 1. The 6HR 50 moving average, which was the previous resistance is now coming down and currently sitting at about 1.3. If we get price action above this moving average, it is a good sign for the bulls as the next moving average that will act as resistance is the daily 21 moving average currently at about 1.42. The bearish case: 1. The 3D candle closes below the 3D 50 moving average as that has been the support since the dump. * These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
COINBASE:KNCUSD
by CryptoRush_
BREAKOUT success - here's the next level of resistanceThe current situation: 1. Price action broke out of the smaller symmetrical triangle that should have been a continuation of the breakout of the larger symmetrical triangle on 9/9. The next level of resistance is the 6HR 50 moving average currently sitting at about 1.35 2. On the daily chart, it seems more apparent to me that this is indeed the recovery and I would expect more buyer volume to show up on the daily for more upward price action. 3. The RSI is in overbought territory on the hourly so I predict a pullback at 1.35 where the 6HR 50 moving average is. *These are purely my speculations and are not financial advice. You should always do your own due diligence before trading or investing.
COINBASE:KNCUSDLong
by CryptoRush_
2
IS IT SAFE TO BUY KYBER NETWORK/BITCOIN? — 100DAYS OF TA, DAY 76Time Frame: Daily, 4Hour, and Hourly Hi guys, Welcome back! Day 76 of the 100 Days of TA is here! Today's spotlight is on KYBER NETWORK (KNCBTC). I talked about the next direction of KYBER NETWORK and the whys. I showed some high probability setups here, what usually happens and what would happen. Have fun watching today's video! If you think there's something I should add or maybe there's any coin you have your eyes on? You can drop in the comment section. Always remember that this is Technical Analysis and it's a game of probabilities. Thanks for coming today! See you tomorrow!
Long
by Pearlumie