Updated

KNC.usd pushing towards "Moment of Truth" one more leg to $1.7 ?

KNC has been remarkably bullish.
About to reach its "Moment of Truth".
Was the big spike a "One Hit Wonder"?

EW wise, we could be ending a wave 4 and starting wave 5.
If breaks above red zone, I will plot a possible w5 target.
For now I am observing the action around these fibs for clues.

If you see blurry numbers, that is a TV rendering bug.
Here is a Snap Shot of the above

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Here is a Zoom OUT showing the fibs above and $1.7 dream target

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EW wise, perhaps something like this

that wave 5 target is admittedly Optimisitc.
If we get a wave 5 it could end at any of the fibs below target.

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Note

Is it done?

First target of $1.29 proving to be tougher than expected

Was pierced on last push, but this one seems to have confirmed the EXACT position.

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Zoom IN (15min) and added green fib to last wave up

Pings confirm validity nicely.
Green 4.618 has ADDED to the RESISTANCE at $1.29.
Thus a pullback from it again.

Last Ping on green 3.236 points to next possible targets if bull continues

5.236 is second most common wave ender.
6.236 not as common end point, but it within resistance zone of higher tf fibs.

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SUMMARY:
- $1.29 with solid confirmation as resistance.
- $1.30 still quite plausible given local fib pings.
- $1.25 possible launch point for next push, but if breaks, then bulls might be done.

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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag