NKNUSDT AnalysisSince there are 3 SELL signals present, I'M BEARISH. (For people who cannot see, the bear signal is right behind the hell signal.)
So, I don't recommend you to buy right now.
If you want to buy, you can wait for EngineeringRobo's buy signals to be present,
You can buy if candles will touch the support line (0.015) or
You can wait for candles to open-close above resistance level (0.028) for 1D to buy.
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
NKNUSDT
NKN/BTC (Retest Key Support Area?)BINANCE: NKNBTC
-NKN is back at previous key support area where tested multiple times
-We saw a good bounce but the trendline resistance pushes the price down
-NKN must hold the recent low at 187-170 sat range in the coming days
-To protect the price against the Bears in the short term
-Also, we need to see a breakout of the trendline resistance
-That will give us a strong bias of 1st sign of trend reversal
-If everything goes well next week, the upside potential is up to 313 sat or higher
-Perfect stop loss is below the recent Low at 170 sat
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NKNUSDT analysisBuy 2, moon and green robo signal say we can buy. Here is my analysis:
1. We can buy when risk/reward ratio is less than 2, we should not buy
2. We can buy at support = 0.028usdt or at the uptrend line
3. We can buy when resistance turns to support (1D open & close above resistance) = 0.036usdt
We can use sell 2, hell or red robo signal for sell decision. We must also sell if the chart goes 1D open & close below the uptrend line or the support line.
NKN/BTC (Bullish Daily Pattern?)NKN/BTC
-Price action is trading inside a downward channel
-NKN is back at previous Key support area
-If we can see a break above the trendline resistance
-That is a good Buy signal in the midterm
-I recommend entering a position on breakout or retest confirmation
-This will lead give a strong bias of market direction is going up
NKN 100% Gains Don't Miss it 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.
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Upcoming Events :
30 June 2020
- "New Assets" in Q2, 2020.
-Routing And Consensus
"Routing & consensus updates" in Q2, 2020.
- Mainnet 2.0 nMobile
-Web 3.0 Talk With ( Bluezelle / IoTeX / Storj / THETA )
- TUNA/NanoPay GA
- NKN 2.0 Unveiled
- NKNx Update
NKNBTC Ready For 98% Profit Ride#NKNBTC BINANCE:NKNBTC TA Update:-
NKNBTC broke our the resistance level.
And now trading above Retest or support level.
So this is good time to fresh setup.
Setup:- 230-250 Satoshi
Targets:- 309/362/580 Satoshi
Stop Loss:- 210 Satoshi
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The New Kind of Network vs TetherUS (Bullish vs Bearish)NKN Overview
About NKN
NKN bills itself as a 'new kind of P2P network connectivity protocol' that is powered by a public blockchain. NKN is used to incentivize Internet users to share their network connection and unused bandwidth. NKN's describes its networking infrastructure as 'open, efficient, and robust', thereby enabling application developers to build the decentralized Internet. Whitfield Diffie, inventor of public key cryptography (Diffie-Hellman) and 2015 Turing Award winner, and Stephen Wolfram, Founder and CEO of Wolfram Research, are listed on their publications as advisors for the project.
The New Kind of Network (NKNUSDT) is starting to look good with prices now moving above EMA10.
We have a volume breakout and bullish indicators (MACD and RSI).
When we look at the shorter-timeframe, 4H, we can notice prices moving above resistance:
If the purple trendline can be conquered, we will see prices jump next.
Thanks a lot for reading.
Namaste.
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.