Kyber Network (Binance: KNCUSD) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, KNC began a wave one advance in January. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in March, and the red wave two (blue sub-waves a-b-c) correction ended in November. If this wave count is correct, KNC should be heading next towards the March peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Kyber is an on-chain liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application. Coin Bureau reviewed the project in October this year.
(Sources: https://kyber.network/)How Will Kyber Network Trade?
Kyber Network (Binance: KNCUSD) weekly chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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