I was asked to run a chart on KNC, this one is for Binance. It is on a heavy downtrend at the moment. Its riding the bottom bollinger band
with a large bearish
candle and RSI
is below 30% which shows signs of it being oversold. The oversold RSI
can be a sign there is a reversal soon, though if I were to buy in, I would wait until RSI
goes positive and we see some bullish
candles. This may not be the bottom for KNC so buying in should wait. If you are holding this, either wait to gain some losses back or I may take the loss and re-invest elsewhere.