💟 Market Health (October-27) The market just had a crash and this is an opportunity for us to continue accumulating Altcoins. Money has been withdrawn from Topcoins and will likely be pushed into mid-cap and low-cap Altcoins. However, it is highly likely that buying will come back strongly and close today's 1Day candle in the green color and the market will be very bullish. But be aware that the market during this period will have strong ups and downs so limit the use of leverage as much as possible because your position will be easily liquidated. ETH also filled the gap at 4000$
💟 Market Health (October-27) Money is being withdrawn from coins that have pumped strongly in the past days and is being redirected to the next coins with lower capitalization, so in the next few days there will be many quick pumps with high profit rates. so please check the market regularly to be able to sell at high price areas. This phase will need about 1-2 weeks before the money flows back to the top coins
💟 Market Health (October-26) The market is recovering very strongly with a lot of coins rising above the ATH (All time high) price zone. Currently, BTC still holds the $60000 zone and that is what has helped the market to confidently grow. Let's continue to accumulate and wait for the pump's turn
💟 Market Health (October-25) BTC is still holding the $60000 zone and this is a good sign for Altcoins. However, because the number of Altcoins is too much, the cash flow will be circulated between them, so actively accumulate Altcoins and wait for their turn to pump. At this time, we must always prepare a reserve in case something bad happens and will buy at a lower price if possible.
💟 Market Health (October-24) The market is still doing quite well and the positive signals are present on most of the Altcoins. We can continue to accumulate during this period as we are at the bottom of a new bull run. Don't miss the chance!
KNC has important support at 1.6$ zone and is heading to 1.9$, 2.3$ and 2.8$ zones in this October. But if it loses this zone, it will fall down sharly to 1.4$ or even 1.1$ zone
📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 1.6$ zone
🔴Buy : 1.6
🔴Sell : 1.9 - 2.3 - 2.8
📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 1.6$ zone
🔵Sell : 1.6
🔵Buy : 1.4 - 1.1
❓Details 🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
Kyber is an on-chain liquidity protocol that aggregates liquidity reserves to allow instant and secure token exchange in multiple decentralized applications (dApps). In 2019, Kyber ranked as the most widely used DeFi application on Ethereum.
Unlike other protocols, Kyber Network is fully built on-chain, without any off-chain component, and allows instant settlement of token-token transactions (e.g., MANA to BAT).
At its core, the Kyber Network interacts with a system of reserves, i.e., liquidity pools, working as pre-automated market-maker on the blockchain. There are three types of reserves: Price Feed Reserves (work with an off-chain component), Automated Price Reserves (built on an automatic algorithm within a smart contract), and Bridge Reserves (permissionless third-parties e.g., Uniswap, Bancor).
Kyber Network is an implementation of the Kyber protocol on Ethereum. It is by far the most used implementation of the protocol. However, the Kyber protocol itself has been deployed in alternative blockchain like EOS (YOLOswap) and TomoChain (TomoSwap). In addition, the project team has been working on cross-chain protocol like Waterloo to allow EOS/Ethereum token swaps.
The Kyber Network Crystal (KNC) token is an ERC-20 token running on Ethereum used to connect multiple participants in the Kyber Network ecosystem, including both liquidity contributors and different entities building on the protocol. For instance, to operate and provide token liquidity, third-party token reserves are required to use KNC to pay for their operation in the network as Kyber Network charges transaction fees in KNC from these reserves.