COINBASE:NKNUSD is currently stuck in a falling channel since reaching recent highs of ~$0.8. Will only resume buying upon confirmation of channel breakout, otherwise, breakdown to the lower channel support line may be possible.
New Kind of Network successfully retested both 50MA & 200MA support and is looking good for bullish continuation!
More information about that IoT (Internet Of Things) blockchain on nkn.org
Current Price= 0.36868
Buy Entry = 0.35361 - 0.32951
Take Profit= 0.42385 | 0.51873 | 0.61993
Stop Loss= 0.28652
Risk/Reward= 1:1.5 | 1:3.22| 1:5.06
Expected Profit= +24.09% |...
We are now looking at NKNBTC (New Kind of Network) on Huobi, let's see what we have here.
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...
BITTREX:NKNBTC is showing bullish RSI divergence on the daily chart, RSI/Stoch both showing oversold on all time frames. We're hitting the bottom of the descending channel, at a minimum, I'm targeting 800 sats for a 100% gain. They were just listed on Huobi and will be listed on Beaxy here shortly for additional liquidity. This is a very underrated,...
BITTREX:NKNBTC is completing a head and shoulders pattern on the daily chart and creating a new uptrend line. This all aligns with the Mainnet launch at the end of June and also the possibility of being listed on Huobi by it's FastTrack program. NKN is being touted as trying to "Uberize" the internet. They are also partnered with several very successful...
BITTREX:NKNBTC broke the local ascending trend line and had a textbook retrace to exactly the .786 fib (not shown on this chart). This is the perfect time to buy-in as NKN is ready to take off.
Long term, NKN should reach about 4000 sat or more but here in the midterm, we can see it pump to the 1.618 level. Short term, we're looking at the the previous local...
NKN was just listed on several exchanges, one of those being the highly anticipated Beaxy exchange which will be launching at the end of March. On Bittrex, there is A LOT of accumulation happening after the Upbit listing, volume has completely dropped off, besides spurts of large volume but no price movement over the last week. I've checked where these large...
