KNCBTC trade ideas
ADX is starting to lift offI been watching ADX/BTC for a while now and has just had a cross on the MACD and 9/30 EMA on the hourly. I bought in at 16810 sats when it had cleared on the 15min chart but would wait to see if it continues before buying in. Seem to be stuck around 17500 sat currently but big buy orders in the order book.
Good Trading
NOTE: I know it says KNC but I cant seem to change it, definetly for ADX
KNC/BTC chasing the Blue MoonCryptocurrency Market Capitalizations Rank 54 Kyber Network (KNC)
Skywatchers are in for a rare treat tomorrow (Jan. 31): a Blue Moon, a total lunar eclipse and a supermoon all at the same time!
Oops, we are traders, not skywatchers, but we find KNC/BTC 3.12% has a potential to reach its blue moon.
An ascending triangle structure is forming at this moment. The yellow layer maybe called an ozone layer. Keep an eye close to see if there is a breakout. (Please note: bullish divergence on MACD )
On the other side, Ichimoku analysis is not clear to tell us the direction. We hope the chinkou span will move higher above all the candlesticks . At this stage, the Tenkan-sen is still above Kijun-sen, we look forward for a bullish trend soon.
KNC Trade: 50% Profit Potential$KNC Trade : KyberNetwork is a system which allows the exchange and conversion of digital assets.
Buy Price : Under 33k sats
Targets:
TP-1 40k sats,
TP-2 48k sats
TP-3: Moon in March
Stop Loss below S1 support: 29.3k sats
Catalyst:
- Partnership with ICX as we mentioned in earlier posts.
- Wallet Release in Feb
- Mainnet Launch in Martch
KNC Kyber Network KNC/BTC Potential Double-TopAs KNC bounces off the 786, I am looking for a potential short-term double-top pattern, if retracement holds at the 618, I would expect traders respect the value as support is made at that level.
If these conditions are met, Market Traders would be looking for a short-term run up to the 1.272-1.414 Extension for short-term profit taking. 11% Gains if these conditions are met.
KNC BTC - well deserved hike on "charts"KNC is one of the most undervalued gem in the world of cryptos! Its always destined to be much higher than this tiny market cap and rate.
Now, we have a solid Cup and Handle and I have marked 2 golden lines and these are my targets. This is a definite long term HODL, not much to say here :)
PS: might just want to wait for the breakout (close on daily above 0.0004) if you aren't long yet :)
Happy HODL-ing :)
KNCBTC (Binance) Exhibits Classic Cup and HandleI noticed that KNC was following the same pattern as NEO before the market pullback. @CarpeNoctom had mentioned in one of his videos that patterns like to repeat themselves, which I found interesting. I was excited when NEO exhibited this, and matched it's high before hitting it's ATH. KNC was exhibiting the same nice U shape. During the pull back the handle formed and popped up higher yesterday and today exhibiting a nice cup and handle pattern. Cloud support shows that KNC is still bullish. Pricing before it's initial drop was at 0.00054114 BTC (after it's initial listing on Binance). 1D does not have a cloud formation yet, but the 4h chart is leaning towards a bullish run with a TK cross imminent. Volume also appears to be decent as well. I'm targeting 0.00054114 BTC which would be right around the 2x fib amount measured from the pullback. Looking at fib from the beginning of it's rally on 1/13 shows support at the .5 mark and coincides with the pullback from this week. Hard to say who the winner in the decentralized exchange world will be, but I'm long on KNC until proven otherwise.
KNCBTC - 85% profit targetI'm new to technical analysis and am putting this out there for critique, tips, and to see how accurate I am.
Could this be forming a Cup & Handle pattern? If so, the distance from the base of the cup to the top should be the target, which is about 85% (price target shown on chart).
KNC 60% profit potentialBeen holding KNC for a while (bought @ 2600 satoshi). Will now track it to see how much profit we can make. The big dump right now does not seem to stop the overall uptrend as we see it breaking the resistance @ fib 0.5 (still to be confirmed). If that is the case I feel the winning game could be on. At least I am game ;) I believe we can have +/- 60% profit on this within a midterm period. So, I will be following this one closely. If it breaks trough we are game.. if it bounces back and stays above support we are game..
KNC Next Leg UpHad a bounce off the Kijun which signals good bullish momentum and continuation. Also currently forming a descending pennant as the volume aligns with that as well. A break of the pennant and we should see the next target at the 1.618 Fib level of the previous retracement which also happens to be the same distance as the pole.