Mother of all bull flags on KNCUSD? Daily TF but visible lower

10 Ağu 2020

Interested to hear other's thoughts. I'd actually done this at the start of the move through the upper trendline (where blue line starts) but didn't think to publish. We can see KNCUSD grappling with the upper trendline of the bullish flag after a long period of selling, bias is now bullish imo but I would be hesitant to enter here as there is still a big resistance not too far away. Personally hoping for another lower test marked by golden arrow.

I think it might break out, forced down by resistance and bounce off previous flag trendlines...

12 Ağu 2020

Not

looks like historical resistance turned support held on slightly lower timeframe... 1.51ish key level

13 Ağu 2020

Not

IT BROKE OUT MOOOON