Nknusd
NKN/BTC (Trend change?: up to 45% profit)NKN/BTC
NKN has broken the 1st resistance line at 207 sats and if this current level will hold, NKT may see another growth up to 251 sats area.
A pullback to previous resistance to confirm new support at 207 sats area would be a good buying opportunity to enter a Long position.
Our stop-loss would be below the previous higher low at 177 sats.
NKN/BTC TA Update (Bearish Pattern Confirmed?)NKN/BTC
NKN broke bearish with this descending triangle pattern after the price closes below 264 sats area. NKN tried to get back above the support area
but the Daily EMAs acted as dynamic resistance and the price fell further. This bearish pattern target to the downside is between 170 - 160 sats area.
It is not wise to trade Long positions as the downtrend is just starting. Wait for confirmation before entering a trade.
NKN/BTC TA Update (Bearish Pattern?)NKN/BTC
NKN keeps testing the support level between 276-260 sats many times and we know this is not good because the price keeps making a series of Lower Highs.
If NKN can't break above 320 sats in the coming days, I expect this bearish descending triangle is leading to play-out.
The immediate target to the downside is the 0.786 Fib support.
NKNUSDT forming bullish Gartley | A good long opportunity aheadThe price action of NKN / US Dollar is forming bullish Gartley pattern and soon it will be entered in potential reversal zone.
This PRZ area can be used as stop loss point in case the complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.02785 to 0.02758
Sell between: 0.02808 to 0.02860
Enjoy your profits and regards,
Atif Akbar (moon333)
NKN inside a long term triangleNKN looks to be inside a long term sustained downtrend but has bottomed out potentially. I'd be watching for a break of this structure either way. My opinion is a bullish break is more probable. We see an up trend starting but it's a matter of if the bulls can keep it up.
