NKN
New Kind of Network (NKN)NKN or New Kind of Network, is a network that focuses on creating a decentralized and open-source network protocol for public blockchain-based peer-to-peer (P2P) networks to share network bandwidth and internet connectivity.
Anyway, after NKN went up more than 8000%, correction started which toke NKN down to the major horizontal resistance area. NKN oscillated there more than two years. Now, it seems NKN might be ready for the next upward phase. Let's see what happens.
NKN/USDT TRADE SETUP!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis.
NKN looks good here. Break out done and after a successful retest, it starts going up. Long some here and add more in the dip.
Possible Entry & Targets:
Entry: Current Market Price (CMP) and potentially add more up to $0.115
Potential Targets: $0.126/$0.138/$0.157
Stop-loss: $0.113 (Consider setting a stop-loss based on your risk tolerance strategy).
Leverage: Use leverage with caution. Consider low leverage (Max 5x) as suggested.
Let's Discuss
What are your thoughts on this current price action? Do you see a bullish pattern? Share your analysis in the comments below!
NKNUSDT 1W LONG📈Hi all. NKNUSDT has been in accumulation for almost 2 years, with increased volumes. I am considering spot recruitment now, with possible additions, which I will inform you about additionally (if there are any). Everyone can see the accumulation, so there is a high probability of collecting liquidity and then going up. Also long during breakout/retest. Marked goals and levels.
with two way nkn can pump to .26 or .28 $i draw on nkn after breakout on first season(red line)
I was waiting for him to touch the target quickly. But with the fall of Bitcoin and Total Market Cap, it returned to Fibo 0.618 and started a new movement. In the second move (black line) it can also touch the previous target. So we shop here with caution
NKN Can TRIPLENice Market structure for #NKN
We have a nice, Resistance level flipped into a support zone
A inverted #HVF at the top of the last cycle.
Which targetted that old resistance level.
We held .... We consolidated.
And it appears on the verge of a breakout ... anytime soon.
#BTC supporting the cause of course.
What's interesting the target level runs right into the funnel of the inv. HVF
Confluence increases confidence :)
NKN ANALYSIS (1D)First of all, note that NKN's movements are full of shadows and move slowly.
We have 3 big ABC waves on the chart. Wave A and B are over and now we are in the big C wave.
Wave C looks like a diamond diametric, and now the price is completing the bullish wave F of this diametric.
By keeping the green box, it can move towards the red box
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
NKN/USDT Lying on the strong support, Could NKN Bounce and UP?💎 NKN has recently undergone significant developments in the market. Positioned at a critical support zone, the strength of this area in sustaining NKN's downward movement is evident in historical data.
💎 There's a likelihood that NKN will bounce from this support and probability make another attempt to breach the robust resistance area.
💎 However, failure to maintain support could be concerning, indicating a breach of a crucial area. This could lead to a reversal in momentum, with the next support level situated at the demand area.
💎 NKN must bounce from the support area and reclaim the region above the support area. In the absence of positive signals, a prolonged sideways movement may result in NKN losing support, triggering a downward movement towards the formidable support area.
#NKN/USDT#NKN
The price has been moving in a descending triangle since July 2022
It was based on a strong support area at 0.0860.
Moving Average 100 was also reviewed.
We are about to break the downtrend of the triangle, and therefore we expect the price to rise to the specified areas.
The current price is 0.1015.
First goal 0.1869
Second goal 0.3019
This represents 300% of the current price.
Pay attention to correction areas.
NKN is continuing to go up in the Bullish channel NKN is continuing to go up in the Bullish channel after the rejection
🔵Entry Zone 0.1285 - 0.1345
🔴SL 0.1198
🟢TP1 0.1459
🟢TP2 0.1638
🟢TP3 0.1939
Risk Warning
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NKN/BTC - NKN: BBand Breakout Super-Trend◳◱ On the $NKN/ CRYPTOCAP:BTC chart, the Bband Breakout Super-Trend pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.00000252 | 0.0000026 | 0.00000274 and support near 0.00000238 | 0.00000232 | 0.00000218. Entering trades at 0.00000246 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: NKN
▣ Rank: 401
▣ Exchanges: Binance, Kucoin, Huobipro, Hitbtc
▣ Category/Sector: Infrastructure - IoT
▣ Overview: NKN is a public blockchain that aims to use economic incentives to motivate Internet users to share network connections and utilize unused bandwidth. NKN aims to be a network for building decentralized applications in a way that enhances peer-to-peer data transmission and connectivity.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00000246 ₿
▣ 24HVol: 0.498 ₿
▣ 24H Chng: -0.405%
▣ 7-Days Chng: 3.22%
▣ 1-Month Chng: 5.35%
▣ 3-Months Chng: 6.88%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00000252 | 0.0000026 | 0.00000274
◢ Support: 0.00000238 | 0.00000232 | 0.00000218
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: -0.59
▣ Last 90D: 0.65
▣ Last 1-Y: 0.31
▣ Last 3-Y: 0.88
◲◰ Volatility :
▣ Last 30D: 0.64
▣ Last 90D: 0.75
▣ Last 1-Y: 0.80
▣ Last 3-Y: 1.66
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.55 - Bullish
▣ Reddit sentiment score is 0.42 - Bearish
▣ In-depth NKNBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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NKN/USDT Break key level area. Ready to continue upward move ??💎 NKN has undeniably attracted significant attention in the market. Currently, it has successfully broken through the key resistance level, entering a valid retesting phase at the support, which was previously a resistance zone. If there is a perfect bounce on the support area, it is probability that NKN will continue its upward movement towards our target supply area.
💎 NKN is reliant on the support area. If it returns to the retesting phase at the support area and fails to maintain or sustain above it, or worse, experiences a breakdown below the support level, it poses a danger. In such a scenario, NKN may revert to a bearish movement, potentially undergoing a downward trajectory toward the demand area or even retracing to the strong support zone.
NKN: WHALE INCREASE RETURNNKN is a cryptocurrency that has experienced a significant decline in recent months. However, our research suggests that there is a promising opportunity for a substantial increase in value, which could potentially bring the coin back to a level of $0.14 and even reach a new target of $0.20.
Based on our analysis, we anticipate a positive trend for NKN in the future. If this trend unfolds as expected, it is likely that more investors who had previously traded against the coin (shorts) could exit their positions when the trend breakout by whale increase as this chart idea shows.
Please note that this information is not intended as trading advice. It is always important to carefully manage your risk and trades. We will continue to monitor the progress of NKN in the coming period.