NKN / USDT
It made breakout from the massive red trendline
But still inside the big yellow box (2 years accumlation)
When it break that box I expect a start of new strong bullish trend
Seems Like Getting Ready For Massive Recovery Formed Descending Channel In 2days Timeframe I*ncase Of breakout Expecting 300 to 320% bullish Wave In Coming Weeks
Welcome to this quick NKN/USDT analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- NKN/USDT is triangle pattern create and BUY the green zone
Entry:- buy green zone
Traget:- 40% to 50%
Stop loss :- green box down side candle close
Remember:-This is not a piece of financial advice. All investment made by me...
NKNUSDT Technical analaysis Update
NKN/USDT currently trading at $0.2550
Resistance Zone Breakout.
In the above chart, price multiple times touched resistance after continuous consolidation finally we can see the resistance zone breakout.
Buy level : Above $0.250
Stop loss: $0.209
TP1: $0.2828
TP2: $0.315
TP3: $0.345
TP4: $0.405
TP5 :$0.0.450
Note:...
NKNUSDT is making a cup handle formation in the 4h frame time. The support and resistance lines are given in the graphic. The main resistance line of the formation is 0.89$. Once it is broken upwards and after a possible re-test, it is good to open a position or hop in. This is not a finance advice. DYOR.
