KNCUSDT.P trade ideas
Inverse H&S for KNCUSDT fibonnacci and pitchfork My sharings are for educational purposes, not include financial advice. I expect an upward movement on this chart if BTC allows and dominance decreases.
$KNC - Kyber Network 3.0 comingFundamentally we have the 3rd release of Kybers network/protocol on the way - and the current DeFi app is very good as it is...
it is a fully on-chain liquidity protocol for seamless token swaps
Very bullish tweet from @KyberNetwork - Read this #DeFi research report by the Federal Reserve Bank of St. Louis @stlouisfed which includes an explanantion on smart contract-based reserve aggregation and how Kyber serves as a backbone protocol for a large variety of DeFi applications! (09/02/2021)
Technically speaking we have a bull flag break and in this environment this defo gives me the target of the 2.0 fib retracement of 2.76
As long as BTC doesn't retrace too firmly then this should be in the money
KNCUSDT
KNCUSDT (4H CHART) Technical Analysis Update
KNC/USDT currently trading at $1.92
Buy-level: Above $2.00 (only enter if 1h candle closes above 2.0$)
Stop loss: $1.76
Target 1: $2.325
Target 2: $3.00
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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KNC/USD - Expect price to go over $2 soon!KNC has done a fantastic run a few days ago reaching almost $2.4 before being pushed back again.
Now we're due to reclaim that level looking at this beautiful parabola in yellow. As long as we don't break it, we're clear for higher levels.
I can see us above $2 in less than a day if bullish momentum is maintained.
The indicators on daily are looking very bullish and today's volume looks healthy. If tomorrow we have continuation, KNC may make a new high.
Key levels on the chart.
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KNCUSDT ANALYSEShere we have a nice pinbar in the base witch is an alert for making an up trend
1.27 and 1.618 fibonacci extand is my targets
KNC 2H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
KNCUSDT 2$ Again? 🦐$KNC.X is testing weekly resistance. IF the price will have a breakout upward and flip the weekly resistance into new support, 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.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
