shopflomah
做多

KNC bottoming in a few hours

BINANCE:KNCBTC   Kyber Network / Bitcoin
Red and orange channels coincide at 0.618 Fib level. Also, on 20 MA, volume is increasing slightly and RSI sub 30. If that support is not breached, a rise can be expected to at least orange channel resistance.
There is also a bullish divergence as noted by glencastleberrry (https://www.tradingview.com/chart/KNCBTC/OWKKmX73-Bullish-divergence-on-KNC-Kyber-Network-2hr/).
That's a bearish divergence mate. Face in palm.
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How high do you think this next wave will rise??
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shopflomah kxiong0613
@kxiong0613, maybe to 40K sats, if we do either we break it and it rise even more, or we rebound on it to around 34k sats then going up again, forming an inverted head and shoulders formation
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