Bingaz

KNC/USD- Retrace required for valid entry

BINANCE:KNCUSD   Kyber Network
Kyber has seen some incredible gains over the last week but now finds itself in 'no-mans land'
No valid support to speak of....(but correct me if I'm wrong)
I think we will see a slow retrace to lower support before bringing new buyers in and some really solid gains.

Shorting now for position, but long over the next few months.

Alternate entry is a further break but I'd struggle to justify an entry so high. (Seems far too pumped already)
May take a while but I think the lower buy line is valid.

As always, not financial advice, just my own thoughts and TA.
Bingaz

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