Previous analysis update Given the price channel and previous price reactions to these lines, it can be concluded that it is currently on the support floor. Also in terms of Fibonacci, it is at the level of 0.618%, which can act as a strong support area. If you leave the downtrend channel, it can reach the previous price ceiling in the first stage, and in the second stage, it can grow up to $ 2.
Looks good on the 4 hour as well. Looks like price may be turning toward the upside
Crypto_Savage11
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It looks good but for some reason it doesn't want to rise above this price area, repeating the same patterns that it did last time before it dipped lower. I am starting to think that NKN topped, and is repeating the same long term patterns as other alt coins like GRT, XTZ, etc, where it will drop to an even lower low around .50 and begin it's slow rise up. I'm bullish on this coin but proceeding very cautiously with tight stop losses