KNC LONG IDEA
Actualizado
KNC had a nice rally after breaking through its overhead macro resistance (diagonal).
We have see it rally into resistance (horizontal) and now id expect its to cool off a bit.
Clear price action support/resistance flip down below could serve as a nice point to buy and go long, with stops just below. Id expect some consolidation below this overhead resistance before finally breaking through. Taking the long lower down means we reduce our risk and also, have the opportunity to take profit if the price makes it back to resistance.
(as an alternative option, you could wait for the break of this resistance and then long the retest)
(will also post the chart of KNC/BTC down below; is always a good idea to see if the bcc pairing is as equally bullish).
We have see it rally into resistance (horizontal) and now id expect its to cool off a bit.
Clear price action support/resistance flip down below could serve as a nice point to buy and go long, with stops just below. Id expect some consolidation below this overhead resistance before finally breaking through. Taking the long lower down means we reduce our risk and also, have the opportunity to take profit if the price makes it back to resistance.
(as an alternative option, you could wait for the break of this resistance and then long the retest)
(will also post the chart of KNC/BTC down below; is always a good idea to see if the bcc pairing is as equally bullish).
Nota
KNC/BTC chart. Looks neutral/ranging, which is fine. 
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.