There is a trading opportunity to buy in Kyber Network…

There is a trading opportunity to buy in Kyber Network…

Kyber Network / Bitcoin BINANCE:KNCBTC


Technical analysis:
. KyberNetwork/BITCOIN is in a range bound and Resumption of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.

Trading suggestion:
. The price is in a range bound, but we forecast the uptrend would resume.
. There is a possibility of temporary retracement to suggested support zone (0.000187 to 0.000154). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.000187)
Ending of entry zone (0.000154)

Entry signal:
Signal to enter the market occurs when the price comes to “Buy zone” then forms one of the reversal patterns, whether “Bullish Engulfing”, “Hammer” or “Valley”, in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about “Entry signal” and special version of our “Price Action” strategy FOLLOW our lessons:

Take Profits:
TP1= @ 0.000235
TP2= @ 0.000274
TP3= @ 0.000313
TP4= @ 0.000369
TP5= @ 0.000440
TP6= Free