I would like to bring these two cryptos in lime light they are really very undervalued and going to take massive bullish move in future.
- Kyber Network (KNC)
- ARK
In this article I am going to do pure technical analysis of both assets it will be short and concise.
Kyber Network (KNC) With USD Pair:
Kyber Network is ranked at 67th position out of more than 2300 cryptocurrencies as per coinmarketcap.
On long term two weeks chart after a long time at last the 25 SMA has crossed down the priceline to lift the price up very soon.
Therefore I have defined the buying zone between 0.886 to 1.13 Fibonacci.
The bearish shark with all required dimensions from X to C legs is formed soon when the 25 SMA will lift the price action up the formation of C to D leg will be started.
It will be a massive move.
The Sell Targets Are:
Secure sell targets: $1.4345 to $2.8324
Aggressive sell targets: $6.740 to $5.45
As per above targets KNC with USD pair can give up to 2617% gains.
Kyber Network (KNC) With Bitcoin Pair:
The KyberNetwork with Bitcoin pair is moving within a falling wedge and since Dec 2017 the support of the wedge cannot be broken even after 6 hits on the support.
At the moment the price action is again hitting the support of the pennant but this time it is also at 1.13 Fibonacci of bearish shark pattern and due to the strong support of pattern the price action will not move more than this 1.13 Fibonacci therefore I am taking the buying zone from 0.886 to 1.13 Fibonacci rather than 1.13 to 1.618 Fibonacci level.
We have also pivot 1st support just beneath the wedge’s support.
The formation of C to D leg will be started soon from here.
As per Fibonacci sequence the targets are:
Buy between: 0.00001410 to 0.00010653 sats
Sell targets:
For secure targets sell between: 0.00027611 to 0.00055322 sats
For aggressive targets sell between: 0.0006275 to 0.00078300 sats
As per above targets KNC with BTC pair can give up to 5400% bitg gains.
Ark:
The priceline of ARK with Bitcoin pair is moving within a pennant.
We have support at 0.00003019 sats above the pennant support and price action has already hit at that support and now likely to gear up soon.
The RSI is already in oversold zone.
The MACD on week chart is turned weak bearish from strong bearish soon it will be bullish.
I have defined the targets as per Fibonacci sequence method and the targets are as below:
Sell Targets:
1st target: 0.0001981
2nd target: 0.0002500
3rd target: 0.0003019
Final target: 0.0003758
As per above targets the Ark can produce up to 1144% massive profit.
