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KNCUSDT

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 I appreciate your like or comment. Welcome to share your idea here. PM the author for a trial of "9 Seasons Rainbow Multi TimeFrames Pattern". 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.
Long
by go8686
2
Kyber Network (KNC USDT) - Breakdown of Recent Trades I recently took two discretionary positions on KNC/USDT. In this analysis I've documented my thought process and execution sequentially from left to right in the call outs. In these trades I used several methods of analysis. 1. Chart Patterns My first trade entry was predicated upon a Rectangle Top Pattern I identified KNC forming. Rectangle Tops occur during bullish up trends and when the overall market is bullish, as altcoins currently are, they have a high probability of breaking to the upside. 2. Trend Analysis Fundamental to my trading strategy is trading in the direction of the overall trend. Trading against the dominant trend is like stepping over dollars to pick up pennies. Using the Daily and 4HR time frame, I identified that KNC was above my Base Line indicator, therefore confirming a bullish trend and that I should be trading to the long side. 3. Target Measurement For my initial trade I used Bulkowski's measurement method for Rectangle Tops, measuring the difference from Resistance to Support and adding that to Resistance. This proved to be successful, however my first trade ended up running quite a bit beyond my target. For this reason I used my primary method of profit taking, 50/50. I take 50% of my profit at a pre-determined level and allow the rest of my position to run to take advantage of powerful trends. 4. Indicator Support Utilizing my ICYSbot indicator and strategy to help supplement entry and exit conditions. 5. Patience and Risk Management I used a position sizing strategy where a pre-determined percentage of my account is at risk should my trade hit the stop loss. In this case, I personally used 2% risk per trade. I also did not rush these trades, I let price evolve and the trend emerge as it did. I attached no personal bias or feelings toward the trade. Overall, quite happy with these trades. I hope this post was helpful in providing insight into how I view the markets and trade execution. Thank you for your support. Trade safely!
Education
by CrackingCryptocurrency
KYBER NETWORK 🟩 Levels To Keep An Eye On For Continuation💬 Kyber Network (KNCUSDT), also known as Kyber Network Crystal (a Star Wars reference), has been on a rip recently. Being the native token of a popular DEX that somewhat recently starting trading on major exchanges, there is some reason to be bullish on this beyond this chart! The question here today is this, can the bulls force push us out of this range, or will the bears Darth Mual these kyber crystals past the support levels below? Let's do a quick take on some levels. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- Support: S1: The S1 bullish orderblock is the first and most logical point of support for bulls on their journey to the moon, should they need it. S2: The S2 S/R flip and orderblock cluster is a strong support level that logically should see a reaction if retested. Below S2 is bad news for the bulls, so it will be vital for S2 to hold if we get there. Resistance: R1: if the bulls can find support and rally, or if we just break up from here, the R1 previous upper range becomes the first and only clear point of resistance on the chart. A break past this then gives the bulls another shot at making new highs. ----- Summary: KNC has been on an incredible run and there is no real sign the move is over. There is clear support for the bulls to hold if they should need it. Any break below support is pretty bearish after all of this, so holding support and eventually breaking R1 is paramount. Resources: www.marketwatch.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨
by AlphaBotSystem
KNC/BTC (Bearish Double Top?)KNC/BTC -hitting weekly resistance area -potential bearish double top -weekly bearish divergence RSI -multiple retests of flat support which is bearish -unable to get above 50ma&100ma on 4h chart -a decline in volume indicating a large move -RSI is below 50 level which is bearish -you can enter a Sell position on the retest of flat support -that's an aggressive entry with stop loss above 50ma -or you may wait for the break of support before entering Short position -the downside target is 9300-9000 sats
Short
by PolarHusk