KOK – Potential Bullish Reversal!

KOK – Potential Bullish Reversal!

KOK is approaching a strong demand and round number 1.00

KOK is overall bearish trading inside our brown channel.

For the bulls to take over, we need a break above the upper brown trendline.

Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM

As per my trading plan, I will be waiting for a third swing high to form around the upper brown trendline to consider it our trigger swing then buy on its break upward.

KOK – Potential Bullish Reversal! - 1

Meanwhile, until the buy is activated, KOK would be overall bearish can still trade lower till the 1.0 round number zone.

In this case, we will be looking for buy setups on lower timeframes as price approaches 1.00.

Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!

~Rich

 

Richard Nasr

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
- Founder of RichTL, which is the first and only indicator of its kind to help traders make Objective Technical Analysis.
- TOP author on TradingView platform
- NewsCrypto.io Ambassador and Educator
- Featured on Influencive as one of the TOP 10 Forex Mentors in 2021
- Featured on many websites like Yahoo!, Market Watch, and Digital Journal