Get started

Kncbtclong

KNCBTC anothe bullish reversal pattern is formedHi friends hope you are doing well and welcome to the new update on Kyber Network. The KNC has surged more than 930%. Therefore in today’s post we will try to have complete analysis how how the KNC surged and what the price action can do next. A big butterfly move: Last year in September 2019 I posted in article on tradingview. Where I revlealed that the price action of Kyber Network has completed the formation of bullish Butterfly and it can make up to 512% big move. And finally as per prediction the price action took a powerful bullish divergence and produced more than my Expectations and that is 930% very big move. A descending triangle and bullish signals: There was another bullish signal that the price action of KNC gave before taking this powerful bullish divergence. The price action of Kyber Network was moving in a descending triangle and in May 2020 it was moving in the area where the trader’s interest was very low as per volume profile indicator. I have also placed the moon phases indicator on this chart and you can see that the new dark moon was appeared exact at the support of this triangle and the new full moon was above the resistance of the triangle. That was a clear indication that it will be difficult for the priceline to break down the support and it will breakout the resistance. And finally the price action followed the signals and broke out the resistance of this triangle. Bullish reversal signal after correction rally: After first bullish move in the month of March 2020 the price action started a correction rally. During this correction rally the price action completed an other bullish reversal pattern on the weekly chart that was another clear signal that the price action will not stop here and soon it will make another powerful bullish move. And that pattern was a Cup & handle. The resistance of the Cup was at $10,000 and the handle of the cup retreced upto 0.382 Fibonacci retracement level and finally broke out the resistance of this cup. Support and resistance levels: Now if we switch to the 4 day chart then we can observe four major resistance and support levels. 0.00006500 sats, 0.00010000 sats, 0.00014000 sats and 0.00027500 sats. The price action formed a double bottom on 0.00006500 and broke out the next resistance of 0.00010000 sats and moved up to 0.00014000 sats resistance level. Now the price action is facing hard resistance at this level. If the priceline of Kyber network will be moved down then it can retest the previous resistance as support at 0.00010000 sats. The 0.00014000 sats is very important resistance for the priceline as if it will be broken out then there is no significant resistance from this level up to the next resistance level of 0.00027500. Therefore this 96% gap will be covered within a no period of time after breaking out the 0.00014000 sats resistance. A bullish reversal harmonic pattern is formed: While the price action is stuck at 0.00014000 sats resistance level it has formed a bullish Shark pattern on a very small time period 4 hour chart and entered in the potential reversal zone of this pattern. Even though this is not as that much big pattern that can give a powerful push to the price action to break out the next resistance however this bullish reversal pattern can be e helpful. Conclusion: If the next resistance level will be broken out then we can again see another very powerful bullish move. But if it will not broken out then the price action may start a bearish rally up to the previous support at 0.00010000 sats.
Long
by moon333
5
KNCBTC forming bullish BAT | Upto 12% move on hourly chartHi friends hope you are well, here I have found another profit potential trading idea for you and this time Kyber Network (KNC) is forming bullish BAT pattern and soon it will be entered in potential reversal zone to move up. The Pattern: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) should be retraced between 0.786 to 0.886 Fibonacci then the price action will be ready to take bullish or upwards move. Buying And Sell Targets: The buying and sell targets according to harmonic BAT pattern should be: Buy between: 0.00007277 to 0.00007152 sats Sell between: 0.00007571 to 0.00008014 sats Stop Loss: The potential reversal zone area which is up to to 0.00007152 can be used as stop loss in case of complete candle stick closes below this level. Regards, Atif Akbar (moon333)
Long
by moon333
KNCBTC LONGThere is a possibility of a 4th valley forming before we skyrocket, or we might just explode from here. KNC/btc formed an inverse head and shoulders pattern, not a big quality one, but it's still decent. It could also be interpreted as an ascending triangle. The long wicks distort the chart, but nothing goes perfectly in chart analysis. In any case, either we consolidate some more around the 3700 levels or we shoot up from here. Remember to set your stop losses accordingly and good luck with your trades. Check out my other posts, and hit that like button if you enjoyed it! Not a financial advice, just an idea
Long
by darkpiggie
KNCBTC formed bullish Shark | A good long opportunityThe Priceline of World's 85th ranked out of more than 2300 cryptocurrencies Kyber Network (KNC) has formed bullish Shark pattern and entered in potential reversal zone and ready for bullish divergence at any time. This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone. Let’s have a look on the dimensions of KNC price action's moves: After inertial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.886 to 1.13 Fibonacci as required for perfect perfect bullish Shark and now we are entered in potential reversal zone of this bullish Shark pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: 0.00002982 to 0.00002923 sats Sell between: 0.00003061 to 0.00003208 sats So this trade is a good long opportunity for day traders. Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Long
by moon333
KNC/BTCKNC/BTC looking quite nice on our weekly chart after seeing a good breakout above our 0.618 Fibonacci level; gaining some good momentum in the last 24hrs, already surpassing last week's volume midway through this week. We believe this may be the beginning of a stronger move up. We recommend keeping an eye on this coin for the short to mid-term. I have indicated some resistance for the short/mid-term. For further specifications, contact @dad10 or @gangplank123 on telegram for further information about our vip service.
Long
by fatpigsignals
4