Hi dear patrons, hope you are well and welcome to the new update on Kyber Network.
On the long-term monthly time period chart, the price action of the KNC with Bitcoin pair has completed the last leg of the bullish Shark pattern and entered in potential reversal zone. (here I have ignored the extra spikes at C leg). For more confirmation we can wait for the Stochastic bull cross, when it formed the previous bull cross in Oct 2019 then it produced more than 1100% profit.
Buying and sell ranges:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Potential reversal or buying zone: 0.00002464 to 0.00000059 btc
Fibonacci projection or sell zone: 0.00005482 to 0.00011249 btc
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
On the long-term monthly time period chart, the price action of the KNC with Bitcoin pair has completed the last leg of the bullish Shark pattern and entered in potential reversal zone. (here I have ignored the extra spikes at C leg). For more confirmation we can wait for the Stochastic bull cross, when it formed the previous bull cross in Oct 2019 then it produced more than 1100% profit.
Buying and sell ranges:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Potential reversal or buying zone: 0.00002464 to 0.00000059 btc
Fibonacci projection or sell zone: 0.00005482 to 0.00011249 btc
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.