💎 KNC has recently demonstrated significant market dynamics. After a period of consolidation, KNC is currently showing signs of upward momentum, aiming to break out of the descending channel.
💎 A successful breakout could signal a shift towards upward movement, probability leading the price to retest the strong resistance area.
💎 However, if KNC fails to break out of the descending channel and faces rejection, the price may retreat to the support area around $0.57 to gather momentum for another attempt.
💎 A concerning scenario arises if KNC breaks below the support area, confirming a downward trend. In this case, the price could continue its descent towards the strong support zone or even establish a new bottom support level.
💎 A successful breakout could signal a shift towards upward movement, probability leading the price to retest the strong resistance area.
💎 However, if KNC fails to break out of the descending channel and faces rejection, the price may retreat to the support area around $0.57 to gather momentum for another attempt.
💎 A concerning scenario arises if KNC breaks below the support area, confirming a downward trend. In this case, the price could continue its descent towards the strong support zone or even establish a new bottom support level.
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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.
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
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Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.