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
- NKNUSDTPERP is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@0.42721).
- Limit entry: test of the ascending triangle's inclined support.
Please provide a meaningful and detailed description of your analysis and prediction. Walk us through your thought process. Put yourself in the reader’s shoes and see if you would understand the context based on what you wrote. Clearly stated profit targets and stop loss areas help clarify any trade idea.
📉 NKN/USDT | Potential Downward Movement
💡 Sell Limit Order @ 0.21767
🎯 Target Profit 0.20613
🛑 Stop Loss 0.22348
❌ Do not risk more than 1% of your account on each trade
The coin succeeded to break the triangle to the downside by posting a double top near the strong resistance. A higher correction is expected to the neckline and then a sell...