💎 The recent market performance of KNC has been garnering attention. KNC has successfully reclaimed its position above a critical support area, creating a bearish trap.
💎 Currently, it is navigating an upward trajectory toward the resistance trendline of a descending channel. For sustained upward momentum, KNC needs to effectively break out of this pattern. A successful breakout from the descending channel could propel KNC significantly upward, potentially leading it to our established strong resistance area.
💎 However, if KNC struggles and fails to break out of this pattern, there's a possibility it may revert to the support area to gather strength for another breakout attempt. In such a scenario, KNC must demonstrate a strong rebound from the support area, maintaining the bullish momentum needed for a successful pattern breakout.
💎 Should KNC exhibit a lackluster response at the support level, characterized by sideway movements and low trading volume, it could indicate a loss of support. Under such circumstances, the probability increases that KNC may descend further, potentially moving toward lower price levels.
💎 Currently, it is navigating an upward trajectory toward the resistance trendline of a descending channel. For sustained upward momentum, KNC needs to effectively break out of this pattern. A successful breakout from the descending channel could propel KNC significantly upward, potentially leading it to our established strong resistance area.
💎 However, if KNC struggles and fails to break out of this pattern, there's a possibility it may revert to the support area to gather strength for another breakout attempt. In such a scenario, KNC must demonstrate a strong rebound from the support area, maintaining the bullish momentum needed for a successful pattern breakout.
💎 Should KNC exhibit a lackluster response at the support level, characterized by sideway movements and low trading volume, it could indicate a loss of support. Under such circumstances, the probability increases that KNC may descend further, potentially moving toward lower price levels.
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Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。