✳️ NKN Long-Term Higher Low | Reversal Signals
Updated
Even if only by a few sats, it is still a higher low.
➖ In May 2022 NKNBTC bottomed at 0.00000230.
➖ In January 2024 NKNBTC bottomed at 0.00000235.
That's a long-term higher low or double bottom, works the same as a reversal signal.
➖ We also have a "volume breakout". Yesterday's volume was the highest since June 2023. Another reversal signal.
➖ NKNBTC is trading literally at bottom price yet the RSI is above 50 (bullish/strong).
➖ NKNBTC is trading above EMA50 which opens the doors for medium-term growth (1-3 months minimum). As it moves and closes above long-term moving averages growth potential for longer periods of time is confirmed.
"Bottom prices" means low risk vs high potential for reward.
For example:
✔️ Risk can be 20% or 30%.
✔️ Growth potential can go to 400%, 600%, 800% and beyond.
Let's move on to the next one.
Thanks a lot for your continued support.
Namaste.
➖ In May 2022 NKNBTC bottomed at 0.00000230.
➖ In January 2024 NKNBTC bottomed at 0.00000235.
That's a long-term higher low or double bottom, works the same as a reversal signal.
➖ We also have a "volume breakout". Yesterday's volume was the highest since June 2023. Another reversal signal.
➖ NKNBTC is trading literally at bottom price yet the RSI is above 50 (bullish/strong).
➖ NKNBTC is trading above EMA50 which opens the doors for medium-term growth (1-3 months minimum). As it moves and closes above long-term moving averages growth potential for longer periods of time is confirmed.
"Bottom prices" means low risk vs high potential for reward.
For example:
✔️ Risk can be 20% or 30%.
✔️ Growth potential can go to 400%, 600%, 800% and beyond.
Let's move on to the next one.
Thanks a lot for your continued support.
Namaste.
Note
Perfect bullish chart setup for NKNBTC: Support level was breached but followed by a quick recovery; a bullish signal.
The action is now moving above EMA100 and this is the 3D timeframe; a major bullish signal.
Massive growth can easily follow.
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