Binance Hot list coin July 10th, 2020 : KNCUSDT #1

Assuming the elliot wave count, there is a potential 1 more wave up to complete the 5 wave structure. During the complex 4th wave which usually forms a flat pattern. During the flag pattern which is the accumulation zone, the price forms a descending type of the triangle. However, what I've experienced mostly whenever there was a descending triangle in the 4th wave, it will becomes a failure descending triangle with a spike toward the upside. But, we always need a confirmation of break out of the upper line of the triangle to open long position as well.