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KNCUSDT

KNC is on the brink of a dumpSo I've been observing KNC for weeks now, it has had a great run. Since the beginning of the year it pullled out a +350% and rose steadily but now it's about to breakdown a rising wedge and not a normal one, it's a very steep wedge as you can see on the daily chart . The bearish DIV are visible on every oscillators I've checked, here you can see just OBV, RSI and MACD but it was present even on MFI, the signal is clearly bearish. The most significative is OBV, such strong DIV isn't to be ignored. I do not indicate a precise entry price for the short because I when I short I usually use low timeframes (15min and even 5min) but you can use EMA 200 and my wedge's bottom line as indicators of the broken trend. My target is that by "book" so use my supports to create your strategy, on the long run I think this might go down much more than 22% but when you short you should try to enter at the right moment and make the maximum in the less time. Use stop loss because market is bearish now but because of all the dupming sometime you see sudden pumps. Unfortunately I'm currently using kucoin where I can't short this but I wish you good luck.
Short
by Shotokhan
1
KNC/USDT : Breaking below the wedge, But still into channel!BINANCE:KNCUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $KNC has formed an ascending channel and it's currently moving into it, On other hand, there was a formed rising wedge that got broken by recent candles. This rejection has come with an opportunity for us to locate our Short toward the channel's lower! If you're not interested in the market's bias yet; Then you can wait for the channel's rejection and locate your Short on a proper retest of the broken channel... Be advised that if any rejection happens below channel; Then the main support are $4.35 and $3.55! Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
23
KNC's Bearish Clues are So StrongKNC (Kyber Network Crystal), a Coin which is Listed on WHITEBIT Exchange, is in an Ascending Parallel Channel. The Price Of This Coin in now Near the Top of the Channel Which means there is a High Chance that It would Start a Bearish Trend to Reach the Bottom of the Channel. The Price is also in a Small Rising Wedge Pattern as well, and also there is a Regular Bearish Divergence(-RD) On RSI . These Patterns and Divergence Suggest that The Price will Definitely Try to Bearish Soon! These Evidences are so Strong That we Might Even see a Break out From The Ascending Channel Happens Which would Decrease The Price to 3.3$. But Since There is no Break out we can Not Be Sure. But The Way to the Bottom Of the Channel Can be Expected To Happen Soon! -KNC is in an Ascending Parallel Channel. -The Price is at the Top of the channel -KNC is also in a Small Rising Wedge as Well. -(RD-) on RSI -These Bearish Signs are so Strong That Even a Break out from the ascending Channel Might Happen. -Support Sits at 3.3$ 🟡You can Buy and Trade This Coin at WHITEBIT Exchange! _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
22