On the above 1-day chart price action has corrected 95% since April 2021. A number of reasons now exist to be long, including:
1) The ‘incredible buy’ signal.
2) Broken price action and RSI resistance.
3) Price action is testing past resistance (green line), look at the weekly chart below.
4) Price action has corrected to the golden ratio (see weekly chart...
We've identified a Bollinger Band breakout on the $NKN/USDT chart. The price has moved outside of the upper Bollinger Band, which can indicate a potential bullish trend. We may consider buying at the current price zone and targetting higher level.
NKNUSDT has been trading in bullish trend on lower time frame.
The price has been holding an important rising support.
Now the price has approached to the rising trend line .
The 200MA also confluence with the rising support.
The bulls need to hold this support and so can show a strength at this level.
Manage your levels accordingly.
NKNUSDT looks kinda bearish to me. A few days ago it pumped big. Now it keeps getting rejected from the 0.125 level. I think the price will go back to the 0.1255 level and then goes down towards the big support level of 0.08885.
8 month downtrend finally broken here! and crazy 50%+ rally today, congrats to longs :)
crazy part is there's still 1000%+ upside until all time highs, watching for pivot level break (.1897) above this we can target .30-.53-1.35
The price got rejections from the 0.12$ area where the market created the daily resistance and now the market is testing the 0.11$ area above the static and dynamic support
How to approach?
IF the price is going to lose support and retest as new resistance, According to Plancton's strategy , we can set a nice order
Keep in mind.
🟣 Purple structure ->...
NKN has been consolidating within a diamond bottom pattern since almost 2 months. RSI touches also its trendline. NKN will break the pattern very soon.
Statistically, breakout is favored. In this case, referenced targets are in chart.
HEY traders, what's going on today ?!
As you can see ,Since 12 Mar 2021, when I posted the last analysis for the 'New kind of network', although it couldn't hit my final target but it successfully reached higher Tps ,then as other altcoins it has been declining til now, and recently reached my entry point in previous analysis . (more than 900%💰 (1x)long).