There is a possibility for the beginning of an uptrend in KNCETH

8 בספט׳ 2018

Technical analysis:
. KyberNetwork/Ethereum is in a range bound and the resumption of the uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
. While the RSI and the price Up Trend in the Daily chart are not broken, Bullish wave in price would continue.

Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.0018800 to 0.0017080). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0018800)
Ending of entry zone (0.0017080)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
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