KNCBTC Dynamic Support|Bullish Div| Weekly S/R| Declining Volume

9 sept 2020

Evening Traders,

Today’s analysis – KNCBTC- valid long into local S/R, following technical points to consider,
- Dynamic support holding
- Daily S/R (Support)
- Local S/R (Resistance)
- Oscillators Technical Divergence
- Declining Volume

KNCBTC is in a technical pivot point on the chart, price action is consider bullish as it is holding daily S/R.

Local S/R is the immediate resistance, price is likely to get rejected here for a bearish retest.

Both oscillators are diverging, indicating strength in the immediate term.

KNCBTC’s bullish scenario will be intact as long as the recent low is maintained. Taking it out will break the trend making weekly S/R target.

Hope this analysis helps!

Thank you for following my work!

And remember,

“In order to succeed, you first have to be willing to experience failure.” ― Yvan Byeajee