KNCUSDT: Will Resistance Break Confirm Bullish Pattern?
💎 Paradisers, #KNCUSDT has broken out of a resistive trendline and, after taking the liquidity, has formed a cup and handle pattern, enhancing the probability of a bullish move.
💎 If #KNC breaks and closes a candle above the resistance zone, it will validate the cup and handle pattern, and we can then expect a bullish move.
💎 In the case of a pullback, we can anticipate a bounce from the demand level, but for confirmation, we need an Internal Change of Character (i-CHoCH) towards the bullish market structure from this point.
💎 However, if a candle closes below the demand level, it will invalidate the pattern. In this case, it would be better to wait for more favorable price action to develop.
MyCryptoParadise
iFeel the success🌴
💎 If #KNC breaks and closes a candle above the resistance zone, it will validate the cup and handle pattern, and we can then expect a bullish move.
💎 In the case of a pullback, we can anticipate a bounce from the demand level, but for confirmation, we need an Internal Change of Character (i-CHoCH) towards the bullish market structure from this point.
💎 However, if a candle closes below the demand level, it will invalidate the pattern. In this case, it would be better to wait for more favorable price action to develop.
MyCryptoParadise
iFeel the success🌴
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