Cryptobhuma

KNC/BTC , Bearish Chart : Double top and bearish candle!

Short
BINANCE:KNCBTC   Kyber Network / Bitcoin
BINANCE:KNCBTC
  • [KNC/ BTC on 12 hrs time frame showing bearish pattern !.
    As in chart we can see that price is moving higher but RSI is forming double top which is bearish sign . so if price moves to 20551 sats ( 0.88 level) and rejects it from there then target 1( 13872 sats ), target 2 (10076 sats ) is very much possible.
    so if you like this idea then one like will be appreciated.
    thank you.]
Comment: Need to consider stop loss of 21900 sats also.
Trade closed: target reached
Trade closed: target reached: target reached with profit 35%..