If you bought KNC near its recent ATH, do not fret, more upward momentum is yet upon us.
As you can see we have bullish descending triangle that is nearing its formation lifecycle.
Fundamentals are strong as Kyber Network has included Chainlink into its protocol.
KNC only has 180M coins in circulation while LINK has 380M. Basic FA shows we should theoretically see a price that is at least 2x of LINK's current price.
I stand firm by my $4 price target by end of Q3.
Yorum
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For clarification: Descending Triangles are usually bearish, however they can also be bullish because of a potential reversal. We have a lot of support holding around the $1.60 price range.
Yorum
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We are forming a falling wedge (bullish) with price having dipped below $1.50
good because im holding a fuk ton of knc bought at 0.8
brandyng
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@zecoya, lucky. Lol. Someone recommended it to me at .65 and I was like ehhhhh I dont knowwwwww I have money in bitcoin and that's doing okay. 3 weeks later I was hating myself lmao
StimulusCheckTrader
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@brandyngrabowski, I hate bitcoin 95% of my money from alts
brandyng
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Dropped to 1.47. I'm in it long. Do.you still see $4+?
gt3verse
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@brandyngrabowski, I do still see 4....Market Cap only needs to little more than double. With LINK in the lead right now, all other DeFi oriented Alts (including KNC) will also move in that direction. My only contention is the $3 resistance...we only have that area as resistance once in price history, so I am curious how fast we pass that.
Miamicane1
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J,
Thank you for your expert analysis and commentary. I am a long term HODL and i approve this message. Stay safe
JCBCrypto
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no offense but i don't understand how you just redraw an entire pattern because it didn't follow your plan. point of TA is not to confirm your assumption of price.