KNC Analysis (4H)Kyber Network / TetherUS PERPETUAL CONTRACTBINANCE:KNCUSDT.PbehdarkBased on the point where we placed the green arrow on the chart, KNC has started forming a diametric pattern. This type of pattern is a complex corrective structure often seen in Elliott Wave analysis, indicating potential future price movements that traders should monitor closely. Currently, it appears that we are in the middle of wave D. The chart highlights two green lines, which represent our preferred entry zones. Traders can enter long positions using a Dollar-Cost Averaging (DCA) strategy, gradually building their position within these zones to optimize risk management. The target levels have been clearly marked on the chart. These targets correspond to the expected wave E of the diametric pattern, providing potential exit points for this bullish move. Monitoring the progression of this pattern is crucial, as it helps in managing trades and anticipating market behavior. It is important to note that a daily candle closing below the invalidation level will negate this analysis and cancel the projected bullish scenario. Traders should always use proper risk management and stop-loss strategies to protect their positions. If you have a coin or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you. This is not a trade setup, as it has no precise stop-loss, stop, or target. I do not publish my trade setups here.