KNC - Kyber Network

[dominover]

I swear that the crypto markets know what I'm thinking sometimes.  I looked at Kyber Network KNC recently and out of the he blue it broke a solid upward trend and just started falling.  It's now less than half.  It didn't start falling until I input a limit buy order(which didn't fill thankfully).

I'm on Kucoin.


What's going on with this coin?  Anyone else having the same experience?

[kidbounty]

I think what happened to you is not the fault of the market. only the analysis you made is wrong. before making a buy order, you should look at the news, situation and trends. but all you do is look at the current trend. You thought it would go ahead and buy, but the situation didn't allow for that. luck is on your side, for the order has not yet been executed. In the future, don't be too quick to conclude to buy before you really know the situation.

[dominover]

I'm curious what the correct analysis of this particular market is?  I know the regulatory environment in crypto's is possibly changing at some stage.. Outside of that, the meandering south to less than half it's value is a surprise..
How would you analyze that?