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.
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