It seems like KNC is in another bearish pattern, but smaller. It had a fake bullish breakout the previous time, with a shadow to the major support. This time, there's a small shadow to the support, even though it's not strong enough. However, we still could have a bullish breakout because of this as a sign, especially since the long-term resistance line is broken.
If a bullish breakout happens, the first target will be $0.77. Then, we might see a bounce to $0.38. In that case, an H&S pattern will be confirmed, and we will have to wait for the shoulder to be broken, which will be the current support at $0.55. Alternatively, we could go straight to $0.37, again, confirming H&S pattern.
OR
we might see an attempt to break $0.95 and reach new highs with a lower chance of happening
For now, everything is good as long as KNC holds the $0.55 support.
If a bullish breakout happens, the first target will be $0.77. Then, we might see a bounce to $0.38. In that case, an H&S pattern will be confirmed, and we will have to wait for the shoulder to be broken, which will be the current support at $0.55. Alternatively, we could go straight to $0.37, again, confirming H&S pattern.
OR
we might see an attempt to break $0.95 and reach new highs with a lower chance of happening
For now, everything is good as long as KNC holds the $0.55 support.
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.