NKNBTC trade ideas
NKN / BTC 4 HOUR SHORT PRICE ANALYZE NKN, looks ready to follow the rest of the market!
Some alt coins pump like crazy, you see they escape downtrends that is building up last years. I think NKN is one that will follow the rest of the market! A little ascending triangle is building under OB, you see that by a lot of alt coins that breakout heavy! So if serious volume is coming in, then it will break out this channel also. For fun some targets!
Keep an eye on NKN! Looking good
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 Volume Breakout | Bulls Ready To Go (111%+)NKN (NKNBTC) just printed a strong volume bar today while breaking above EMA10, giving us the signal of a high volume breakout once confirmed.
After EMA10 at 0.00000207, the next barrier/resistance is sitting at 0.00000238 which is marked in this chart by EMA50 (a yellow line). Once this level is conquered, NKNBTC can easily produce an impulse move up.
If EMA (0.00000238) fails to be conquered, we follow the red arrow for consolidation to gain strength before the next jump. If not enough strength can be garnered, the prices will move lower and test a new low.
Right now we are looking bullish and ready to go.
Namaste.
NKN Challenges EMA50 | Aims At 222.2% Mid-TermNKN (NKNBTC) is now challenging EMA50 sitting at 0.00000279 BTC. If this level is conquered, we can see NKNBTC move higher... Let's take a look at the chart!
First, we can notice how NKN broke below support (0.00000270/EMA10) for a few days and now is moving back up.
As prices move back above EMA10 and now challenge EMA50, we can also see a clear increase in trading volume.
We also have our trusted RSI being strong above 50, and the MACD showing a bullish crossover.
Chart:
It is likely that this pair will now move higher, according to the signals above.
Conditions for change
If prices move and close below 0.00000230, the above signals are invalidated and we see NKNBTC as bearish rather than bullish.
Thanks a lot for your support.
This is Alan Masters.
Namaste.
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.