KNC/USD KYBERNETWORK - Inv. H+S pattern - breaking neckline!?

1 May 2021

Kyber Network -

Price must break above the neckline in order for pattern to confirm. may backtest neckline. If confirmed, then $5.00 Kyber is in play.

Good Luck Traders!
KNCUSD

5 May 2021

Not

False breakout but put in a higher low so it is still in play.

6 May 2021

İşlem aktif

Breakout confirmed

10 May 2021

İşlem aktif

Higher RSI levels with higher lows = trend intact.
Hidden bullish divergence on the MACD suggests a continuation to the upside.

The neckline is the questionable subject in the pattern. there are 4 to 5 ways to draw that neckline. My thoughts are the majority of traders have settled the argument on the scuffed neckline because the indicators are pointing pricing north in the coming days. This last retest of pricing has shaken out the doubters and a 5.00USD KNC is still very much in play here.