First, let's start by noticing how EMA200 (brown line) has been rejecting NKNBTC's growth in the past two months... This is the level to watch out for.
- If EMA200 (0.00000268) can be conquered, we can expect strong growth to take place right after.
- But if instead this level can't be conquered, we will have another retrace as we saw in mid-March (green area).
On the above chart, I marked the next strong support (0.00000184) as well as the last low (0.00000145).
- If prices drop below our main support, we still expect a strong bounce after (bold green arrow).
- We remain long-term.
Thanks a lot for reading.
This is not financial advice.