KyberNetwork (KNCBTC) is looking good on Binance... Come and read the charts with me... Hit LIKE to get started!
KNDBTC Weekly Chart Analysis
We have two inverted hammers supported by big volume. Drops in price become smaller and smaller... KNCBTC hit a new all time low but now it is showing signals that it will soon start to move up... After consolidation of course.
Divergence is building up on the MACD and the RSI is oversold.
We also hit the lower band of the Bollinger Bands and more signals are coming from shorter time frames... KNCBTC is reaching bottom.
The chart above is the daily chart, looking at the RSI, MACD, volume and candlesticks, shows that a bounce can happen and we can profit from with very low risk but high reward.
Here is the trade... (We need to break and close above EMA10 for the action to start on the daily time frame - you can also trade after breakout...)KyberNetwork [KNCBTC] by Alan Masters
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