$NKN breaking out. Above $.85 sets up a retest of ATH+
In the immediate short term, I could see a retrace to $.50-.51 to retest the top of the structure, from there, I think we're headed for the 50% retrace at $.85.
If we breakout above that level, it would send $NKN to it's previous ATH. And if we can get over that, then we should be in price discovery with resistance on the up at the targets on the chart.
My bias for the initial long target would be $2.25 or so.
If we breakout above that level, it would send $NKN to it's previous ATH. And if we can get over that, then we should be in price discovery with resistance on the up at the targets on the chart.
My bias for the initial long target would be $2.25 or so.
Comment:
BTC looking heavy here... not ruling out the possibility of another pullback before we see a breakout. If this where to happen, we should find support in the low $.30 range.
Comment:
Looks like it wants higher.