KyberNetwork

Technical Analysis of KyberNetwork

KyberNetwork was one of the best performers on the cryptocurrency market in the first three months of the 2019 year, in less than 90 days the price of KyberNetwork has advanced from $0.13 above $0.40 but the current price stands around $0.20. KyberNetwork is designed to provide the instant exchange of digital assets and cryptocurrencies with high liquidity. The KyberNetwork Crystal token (KNC) is used to pay fees on the KyberNetwork platform. According to some estimates, KNC has a bright future because a peer to peer system will become the only way to manage your cryptocurrency and cryptocurrency exchanges will go extinct. KyberNetwork also provides payment APIs that will allow Ethereum accounts to easily receive payments from any crypto tokens. The positive thing is that lots of partners are already supporting the KyberNetwork, KyberNetwork partners include the likes of interconnecting blockchain network ICON and Ethereum payment service Coinduck among others. The beginning of May has been very positive for the cryptocurrency market so far, the price of Bitcoin is above $6000 and this is certainly a positive thing for all other cryptos. When we look at the 1-year chart we can see that KNC is moving in “downtrend”. As long KNC is below $1 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.20 and $0.30 – If the KNC jumps above $0.4 that would be a “BUY” signal and the open way to $0.6 or even $0.8. If the KNC jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the KNC falls below $0.20 that will be a “SELL” signal and the next target could be around $0.15.

Advice: In my opinion, this is a highly speculative cryptocurrency and still very risky, I would invest only a small sum of money in this cryptocurrency. As for the technical picture, the KNC remains in bearish phase but if the price advances above $0.40 next targets could be located around $0.60 and $0.80. On the other side, if the KNC falls below $0.15 that will be a strong signal “SELL” signal and the next target could be around $0.10.

Technical Analysis of KyberNetwork

All major cryptocurrencies are advancing this Tuesday, the price of Bitcoin is very close to $5000 and this is certainly positive for the cryptocurrency market. In only several days the price of Kyber Network has advanced from $0.25 above $0.38 which represents more than 50%. The KyberNetwork Crystal token (KNC) is used to pay fees on the KyberNetwork platform. The positive thing is that lots of partners are already supporting the KyberNetwork, KyberNetwork partners include the likes of interconnecting blockchain network ICON and Ethereum payment service Coinduck among others. In my opinion, this is a highly speculative cryptocurrency and still very risky but lots of analysts agree that KyberNetwork (KNC) is currently at a point where it has the potential to make very big gains. When we look at the 1-year chart we can see that KNC is moving in “downtrend”. As long KNC is below $1 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.30 and $0.40 – If the KNC jumps above $0.4 that would be a “BUY” signal and the open way to $0.6 or even $0.8. If the KNC jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the KNC falls below $0.30 that will be a “SELL” signal and the next target could be around $0.20.

Advice: The cryptocurrency market has posted significant recovery this Tuesday but the negative trend is still strong. According to some estimates, KNC has a bright future because a peer to peer system will become the only way to manage your cryptocurrency and cryptocurrency exchanges will go extinct. In my opinion, this is a highly speculative cryptocurrency and still very risky, I would invest only a small sum of money in this cryptocurrency. As for the technical picture, the KNC remains in bearish phase but if the price advances above $0.40 next targets could be located around $0.60 and $0.80. On the other side, if the KNC falls below $0.30 that will be a “SELL” signal and the next target could be around $0.20.
 
 

Technical Analysis of KyberNetwork

The cryptocurrency market has posted a minor recovery this trading week but the negative trend is still strong. The first two months of the 2019 year have been very negative for the cryptocurrency market so far and all major cryptocurrencies are still under the pressure. The price of KyberNetwork (KNC) is also pressured by this situation and for now, we can not see the “light” at the end of the tunnel. KyberNetwork is designed to provide the instant exchange of digital assets and cryptocurrencies with high liquidity. The KyberNetwork Crystal token (KNC) is used to pay fees on the KyberNetwork platform. The positive thing is that lots of partners are already supporting the KyberNetwork, KyberNetwork partners include the likes of interconnecting blockchain network ICON and Ethereum payment service Coinduck among others. According to some estimates, KNC has a bright future because a peer to peer system will become the only way to manage your cryptocurrency and cryptocurrency exchanges will go extinct. When we look at the 1-year chart we can see that KNC is moving in “downtrend”. As long KNC is below $1 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.10 and $0.20 – If the KNC jumps above $0.4 that would be a “BUY” signal and the open way to $0.6 or even $0.8. If the KNC jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the KNC falls below $0.10 that will be a strong signal “SELL” signal and the next target could be around $0.05.

Advice: In my opinion, this is a highly speculative cryptocurrency and still very risky but lots of analysts agree that KyberNetwork (KNC) is currently at a point where it has the potential to make very big gains. As for the technical picture, the KNC remains in bearish phase but if the price advances above $0.40 next targets could be located around $0.60 and $0.80. On the other side, if the KNC falls below $0.10 that will be a strong signal “SELL” signal and the next target could be around $0.05.

Technical Analysis of KyberNetwork

The January 2019 has been very negative for the cryptocurrency market so far and all major cryptocurrencies are under the pressure. The price of KyberNetwork (KNC) is also pressured by this situation and for now, we can not see the “light” at the end of the tunnel. KyberNetwork is designed to provide the instant exchange of digital assets and cryptocurrencies with high liquidity. The KyberNetwork Crystal token (KNC) is used to pay fees on the KyberNetwork platform. The positive thing is that lots of partners are already supporting the KyberNetwork, KyberNetwork partners include the likes of interconnecting blockchain network ICON and Ethereum payment service Coinduck among others. In my opinion, this is a highly speculative cryptocurrency and still very risky but lots of analysts agree that KyberNetwork (KNC) is currently at a point where it has the potential to make very big gains. When we look at the 1-year chart we can see that KNC is moving in “downtrend”. As long KNC is below $1 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.10 and $0.20 – If the KNC jumps above $0.4 that would be a “BUY” signal and the open way to $0.6 or even $0.8. If the KNC jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the KNC falls below $0.10 that will be a strong signal “SELL” signal and the next target could be around $0.05.

Advice: According to some estimates, KNC has a bright future because a peer to peer system will become the only way to manage your cryptocurrency and cryptocurrency exchanges will go extinct. In my opinion, this is a highly speculative cryptocurrency and still very risky, I would invest only a small sum of money in this cryptocurrency. As for the technical picture, the KNC remains in bearish phase but if the price advances above $0.40 next targets could be located around $0.60 and $0.80. On the other side, if the KNC falls below $0.10 that will be a strong signal “SELL” signal and the next target could be around $0.05.

Technical Analysis of KyberNetwork

KyberNetwork is designed to provide the instant exchange of digital assets and cryptocurrencies with high liquidity. The KyberNetwork Crystal token (KNC) is used to pay fees on the KyberNetwork platform. According to some estimates, KNC has a bright future because a peer to peer system will become the only way to manage your cryptocurrency and cryptocurrency exchanges will go extinct. In my opinion, this is a highly speculative cryptocurrency and still very risky but lots of analysts agree that KyberNetwork (KNC) is currently at a point where it has the potential to make very big gains. KyberNetwork also provides payment APIs that will allow Ethereum accounts to easily receive payments from any crypto tokens. The positive thing is that lots of partners are already supporting the KyberNetwork, KyberNetwork partners include the likes of interconnecting blockchain network ICON and Ethereum payment service Coinduck among others. When we look at the 1-year chart we can see that KNC is moving in “downtrend”. As long KNC is below $1 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.15 and $0.30 – If the KNC jumps above $0.4 that would be a “BUY” signal and the open way to $0.6 or even $0.8. If the KNC jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the KNC falls below $0.15 that will be a strong signal “SELL” signal and the next target could be around $0.10.

Advice: In my opinion, this is a highly speculative cryptocurrency and still very risky, I would invest only a small sum of money in this cryptocurrency. As for the technical picture, the KNC remains in bearish phase but if the price advances above $0.40 next targets could be located around $0.60 and $0.80. On the other side, if the KNC falls below $0.15 that will be a strong signal “SELL” signal and the next target could be around $0.10.