NKN
🆓NKN (NKN) May-12 #NKN $NKNNKN has just rejected from the 0.65$ zone and it could have a small correction to 0.55$ then find out a new chance to generate new rally up to 0.8$ and 1.1$ zone in this May.
📈BUY
-Buy: 0.535-0.565$ if A. SL if B
-Buy: 0.635-0.665$ if A. SL if B
📉SELL
-Sell: 0.78-0.82$. SL if A
-Sell: 1.07-1.13$. SL if A
♻️BACK-UP
-Sell: 0.535-0.565$ if B. SL if A
-Buy: 0.39-0.41$. SL if B
❓Details
🕯Timeframe : 12 Hours
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
NKNUSDT CUP HANDLENKNUSDT is making a cup handle formation in the 4h frame time. The support and resistance lines are given in the graphic. The main resistance line of the formation is 0.89$. Once it is broken upwards and after a possible re-test, it is good to open a position or hop in. This is not a finance advice. DYOR.
NKN breaks out of a tight trading range on big volumeNKN is a pier to pier software overlay network, built on top of the internet to share unused bandwidth and host d-apps to create a faster, safer, more reliable, and easily accessible internet user experience with blockchain technology.
NKN token is earned by crypto miners, providing P2P networking services and hosting Web 3.0 decentralized applications, including content delivery acceleration, secure messaging, and d-app hosting. Users pay for content delivery, game streaming, and other services.
NKN was listed on Coinbase exchange on April 9 at $1.39, quickly declined to about $0.60, and stabilized at around $0.65. A breakout from that range today, up 13% with large volume makes this token worth taking a look at for trend and momentum traders.
NKN trades on Binance, Bittrex, Coinbase, Hitbtc, and Huobi exchanges.
NKNUSD H1A newer crypto currency that has been released yesterday on Coinbase at a very low price still. Price is following an ascending trendline & an uptrend. Price has now found a Demand Zone, which also aligns with the 61.8 fibonacci retracement. From this area, I will be watching price to make a move higher for potential a new higher high next.