KNC/BTC - double bullish divergence + FA
Updated
KNC/BTC
TP1: .0003700
TP2: .0004350
TP3: .0006500
SL: .0002250
After KNC was listed on Bithumb we saw a massive run up as expected. Now we have found a double bottom with two weak bullish divergences indicating upside to come. If you took profit on the bithumb listing this is excellent entry.
Our first strong resistance is at .0003. Another level to watch is at TP1 and TP2 at the top and bottom of the resistance box. If there is a good set up we can have a chance at TP3.
Fundamentally we have a re-branding next month as well as a ICOs listed on the KNC DEX.
*educational purposes only, not investment advice.
TP1: .0003700
TP2: .0004350
TP3: .0006500
SL: .0002250
After KNC was listed on Bithumb we saw a massive run up as expected. Now we have found a double bottom with two weak bullish divergences indicating upside to come. If you took profit on the bithumb listing this is excellent entry.
Our first strong resistance is at .0003. Another level to watch is at TP1 and TP2 at the top and bottom of the resistance box. If there is a good set up we can have a chance at TP3.
Fundamentally we have a re-branding next month as well as a ICOs listed on the KNC DEX.
*educational purposes only, not investment advice.
Note
Stop loss hit, showing H&S
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