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.
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.
Nota
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.Nota
We are forming a falling wedge (bullish) with price having dipped below $1.50Nota
Updated chart: tradingview.com/chart/TrIPqA44/
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.