Kyber Network (KNC) Completing Big Bullish Setup For Up to 998% Huge Move

Kyber Network (KNC) Completing Big Bullish Setup For Up to 998% Huge Move

By moon333 | moon333 | 7 Jan 2021


Hi friends hope you are well, and welcome to the new update on Kyber Network (KNC) token.

On the long-term weekly chart, the price action of the Kyber Network is completing the last leg of bullish Butterfly pattern and soon it will be entered in potential reversal zone. The simple moving averages 25 and 50 are forming death cross which can push the price action to complete this leg.

KNCBTC: KNCBTC a bullish setup for big move upto 998%

For exact buy and sell targets you can click here to join me on patreon



Buying and sell ranges:
The priceline cannot enter in the negative zone. Therefore we can have an idea using a volume profile where to buy.

Stop loss:
For this purpose we can again use the volume profile that up to what level the traders have interest to trade. Below that level, we can set our stop loss.

Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 998%, and the loss possibility is only 27%.



For exact buy and sell targets, you can click the below link to join me on Patreon

https://www.patreon.com/moon333

 

 

Note:  Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.

How do you rate this article?

29


moon333
moon333

Hi, My name is Atif Akbar and I am a trader and trading charts author


moon333
moon333

Hi my name is Atif Akbar and i am trading charts author of different assets like crypto, forex, commodities, CFDs Stocks e.t.c.

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.