Kyber Network (KNC): Cup with Regressive Fractal (Handle)steemCreated with Sketch.

in analysis •  7 years ago  (edited)

KNC.png

KNC/BTC is completing a cup with fractal . Currently capped at $600M, Kyber is the last project Vitalik Buterin (Ethereum Creator) will oversee; its bound to make strides in the future and hopefully join the top 25 coins group. As for the bottom of the fractal, my guess is around the .000265BTC mark. KNC2.png
Here is a better view on the handle, as you can see there is also a steady overall decrease in volume. This should help us find the true bottom with the help of some indicators and a more narrow view (15 min).

Now, there is also the possibility of a triangle and no #5 point. After meeting as the point below the price should continue to trend upward.

Please let me know what you think, I love criticism of all kind! This has been my first technical analysis I've published on SteemIt and I hope to do more.

This is only an opinion piece, educational purposes only

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