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 high of about 1200 sat.
NKN has a mainnet launch coming up this week, it's already launched it's pre-mainnet and it's founders are hinting a very big project similar to
Google Stadia, which could put NKN on the map.NKN will also be listed on Beaxy. A new, highly hyped exchange that should draw a lot of liquidity to the project.
Buy-in now as this will probably be the last time NKN is this low.
***This is not financial advice, trade at your own risk.
Note
Correction: Mainnet launch is coming up in June, not this weekNote
NKN looking break out of giant wedgeTrade active
Note
Note
Breaking through descending wedge, mainnet launch in 1 month.Trade active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.