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...
I wrote this back in early April before it made it's last big run. I still feel the same way about the project today. As NFTs and DeFi grow I expect supporting Web 3.0 technologies to grow like #NKN.
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Been doing some research on New Kind of Network (NKN) and am REALLY IMPRESSED.
TLDR SUMMARY: For Web 3.0 (Decentralized...
We're getting closer to the tip of the falling wedge all... Combine this with the bullish divergence made apparent by the lower price lows and higher oscillator lows, NKN is set for another leg up.
Things are looking good since are previous break out with BTC. Most indicators are showing a bullish sediment, meaning once we hit our reversal zone we will only grow from there. I feel we will make a new high on this wave up.
Falling wedge pattern just as btc is doing. if btc breaks nkn will most likely break. Few indicators showing we are at a potential bottom. waiting for breakout. I 'am optimistic!
BTC updates are in link to show where we are at.
NKN appears to be reconsolidating after a textbook lift-off accumulation. Overcoming TR-M with demand prevalence is a healthy bull sign. I got in early at .2618 and we're gunning for the Fibonacci profit zones. Let's see how it plays out!
*I regularly seek out the most lucrative crypto swing trades available on all the major exchanges.
My win rates are between...
MACD Crossover on the 3 day chart. Bounced off the EMA 200, Falling wedge breakout and retest. RSI ready to pick up strength. Expecting big moves ahead.
