KNC Weekly EQ Pattern $KNC

18 May 2018

Currently, KNC is testing the .618 of the previous move. Given the current action in the market and the previous EQ bottoms occuring in the Daily OS RSI area for KNC, I'm expecting this to retrace passed the golden pocket and test the .786 area at 16.759k sats. As for a target when the next weekly bottom is in, every bull move prior from the bottoms atleast touched the .236 fib level of the previous move. KNC is currently fundamentally in its Beta version of its decentralized exchange and has significant long term upside if they can solve liquidity issues.