breaking previous wedge, nkn has traded in a cannel pattern which has multiple touches where after we have seen an increase in vol and price action. on balance volume has also showed increase equal to our previous high which means there is a large amount of investors hodling. if channel supports hold this could be a big move up. Btc is in a good position on its daily stoch rsi so we shouldnt see any big drops there that could ruin our price move.
ps: if break channel trend this is invalidated
check previous charts where i have made previous predictions.
doesn;t look like it broke the wedge. you buying NKN now?
Crypto-RyGuy
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@acfuentes1, it broke wedge formation but btc is looking to drop id wait a little i think nkn will drop to around .37 - .45, we have a strong support right around .40 i would wait to see what happens.
Crypto-RyGuy
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remember these are to be shorted price may break down immediately after hitting tp or resistance zones