Exchange: Binance
Project: New Kind of Network
Ticker: NKN
Sector: Cryptocurrency
Introduction:
Today, we are analyzing the NKN/USDT cryptocurrency on the daily scale chart, focusing on a crucial principle in trading - patience. It's crucial to not jump into trades prematurely and we will be using the current state of NKN to illustrate this.
Rectangle...
The Price didn't made a lower low violation of market structure. Price currently sitting support level or neckline for a double bottom . Base on the daily & weekly candle the next candle must open to the upside. The Stop loss is protected by previous low and trend line also S/R level . Price broke the trend or trendline signaling for a reversal . Market structure...
TRX is looking like it's shaping up to breakout from upper trendline resistance.
bullish fractal
still some gas left in the RSI on the daily, lots left on the week,
Volume looking excellent.
Uptrend just started.
expect it to climb up, retrace a bit, then continue to ATH+ likely.
