NKN
$NKN/USDT 12h (Binance Futures) Falling wedge break and retestNew 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
Expected Profit= +24.09% | +51.87% | +81.50%
Possible Loss= -16.11%
Fib. Retracement= 0.618 | 0.883 | 1.117
Margin Leverage= 1x
Estimated Gain-time= 2 months
🆓NKN (NKN) Oct-9 #NKN $NKNNKN is heading to 0.45$ and 0.55$ or even higher this October. But if it loses this 0.35$ zone, we will consider buying it back at 0.3$ and 0.25$ zones
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.35$ zone
🔴Buy : 0.35
🔴Sell : 0.45 - 0.55
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.35$ zone
🔵Sell : 0.35
🔵Buy : 0.3 - 0.25
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
NKN/USDT Preparing for a pumpNKN is an undervalued Web 3.0 platform with only 266 Million Market cap. Currently tested the support and trading in the confluence area.If the next minor resistance broken then we will see a massive pump towards or beyond the major resistance. This project has so much potential so we can expect a new ATH before end of this year.
This is not financial advise please DYOR and place stop loss below the support.
NKNUSDT (4h Chart) - Channel BreakoutNKNUSDT (4h Chart) Technical analysis
NKN/USDT (4h Chart) Currently trading at $0.381
Buy level : Above $0.380
Stop loss: Below $0.349
TP1: $0.400
TP2: $0.424
TP3: $0.451
TP4: $0.487
Max Leverage 3x
Always keep Stop loss
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NKN bar pattern comparison 05/09/2021Gathering thoughts for future reference.
I have noticed very similar behaviour on these two assets. NKN looks to be having a similar run to RALLY soon, as we see volume increasing upon reaching the previous spike high. Volatility is also increasing as we come into the high. RSI heavily trending in bullish control zone.
Looking for an explosive 24-48 hour move within the next 3 days, as the bar pattern suggests. The end of the bar pattern falls in line with previous resistance between $0.75 - $0.80.
NKNUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4 hour time frame. As you can see, the price has hit its support level several times and has been supported. Currently, it has implemented the price of the Head and Shoulders model. But if he can break and stabilize his resistance line, he can see higher numbers. But if the price penetrates below the support line and stabilizes, we can consider a fall to the next support line.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
Eyes on $NKN as wellAscending triangle in formation.
About The Token :
NKN, or New Kind of Network, is an open-source protocol for public blockchain-based peer-to-peer Networks to share network bandwidth and Internet connectivity. The project was launched in January 2018 and lists Stephen Wolfram, creator of Mathematica and Wolfram|Alpha, and Whitfield Diffie, inventor of public-key cryptography as advisors. NKN Mainnet was launched in July 2019 and has up to 25,000 full consensus nodes (more than Bitcoin or Ethereum).
Notable use cases for NKN include:
Content Delivery System (contract with Chinese video giant iQIYI)
Edge computing (contract with China Mobile)
D-chat (secure messaging app)
nShell (secure remote terminal access).
NKN’s consensus algorithm is based on Cellular Automata, A New Kind of Science and Ising Model, where a simple local majority rule can lead to system-level convergence in a small number of iterations. The design goal is to scale to arbitrary numbers of equal consensus nodes.
NKN uses a global addressing scheme based on public keys, in order to enable direct peer-to-peer communication without centralized servers. The routing of packets is based on Chord Distributed Hash Table (DHT), which maps each NKN address to a random and verifiable position on the Chord DHT ring.
NKN, Bears are trying, but many perspectives ahead. Still time for retest atleast to 0.39, NKN is going through a very strong resistence on the ichimouku cloud, it's fighting through it but that is why you're finding big red candles come in out of nowehere, it's under bearish territory.
However, it went over strong resistence levels on the daily, and is not retesting the 0.40 - 0.35 as support.
DMI is bullish, but if it goes down more then there will be a DMI cross over, which will confirm it to be a fakeout of the breakout of the resistance.
overall: more bullish than bearish, but BTCDOM might go through a slight correction so watch out.
🆓NKN (NKN) Aug-13 #NKN $NKNNKN is being rejected at the $0.45 zone and it is highly likely that it will correct to the $0.35 zone before rallying again in the coming days to conquer the $0.45 zone and advance to the $0.55 and $0.70 zones. But if it loses the $0.35 zone, it will fall sharply to the $0.25 zone
📈BUY
🔴Buy : 0.34-0.36$. SL if B
🔴Buy : 0.44-0.46$ if A. SL if B
📉SELL
🔴Sell : 0.44-0.46$. SL if A
🔴Sell : 0.535-0.565$. SL if A
🔴Sell : 0.68-0.72$. SL if A
♻️BACK-UP
🔵Buy : 0.44-0.46$ if A. SL if B
🔵Sell : 0.535-0.565$. SL if A
🔵Sell : 0.34-0.36$ if B. SL if A
🔵Buy : 0.244-0.256$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
NKNUSDT Resistance Zone Breakout.NKNUSDT Technical analaysis Update
NKN/USDT currently trading at $0.2550
Resistance Zone Breakout.
In the above chart, price multiple times touched resistance after continuous consolidation finally we can see the resistance zone breakout.
Buy level : Above $0.250
Stop loss: $0.209
TP1: $0.2828
TP2: $0.315
TP3: $0.345
TP4: $0.405
TP5 :$0.0.450
Note: please do your own research before investing. Never invest money that you can't afford to lose.