KNC/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 1.466, 1.516, 1.600,
Key Support Levels: 1.358, 1.260, 1.204.
Daily Time Frame:
The price on the higher time frame succeeded to break the bearish channel to the upside and posted a double bottom formation near the strong support level 1.260 USDT mark. the market managed to break the strong resistance around the 1.377 USDT level and is expected to continue its move upward all the way up toward the next key resistance level.
KNC/USDT (Futures) Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the price succeeded to break the bullish flag to the upside with the help of a double bottom formation. A lower correction could be seen to the highlighted zone before a new bullish impulsive wave toward the target profits.
Buy Limit Order @ 1.366
TP 1 @ 1.457
TP 2 @ 1.516
Stop Loss @ 1.321
Trade Safely 🙂