Morning Chart Talk Conistencey is Key.
No Tree can reach to heaven unless it first has roots that reach to hell
-CG JUNG
NKNUSD trade ideas
NKN Previous analysis updatePrevious analysis update
Given the price channel and previous price reactions to these lines, it can be concluded that it is currently on the support floor. Also in terms of Fibonacci, it is at the level of 0.618%, which can act as a strong support area. If you leave the downtrend channel, it can reach the previous price ceiling in the first stage, and in the second stage, it can grow up to $ 2.
$2 incomingHaven't changed my price target.
still in a falling wedge/bull flag pattern.
retraced to the .618 fib level.
MACD crossover imminent
Hidden bullish divergence.
If history repeats, it bounces at this level. Given that $btc is now up. Alts will follow. So will $nkn.
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.
Buy zone .90-.96Might need to impulse wick down to .90 to bounce off. That also happens to be the .5 fib level, so it makes sense. .96 it meets a diagonal line that you can draw from way back as well. So thats where Im getting that range .90 to .96
$2 nextNKNUSD looks like it wants to keep the channel alive.
$2 is likely the next area of major resistance.
Broke out of the falling wedge, retested and now on the move up.
MACD crossover on the hourly imminent.
Hidden bullish divergence.
Broke over the EMA200
NKN - Drop and UpNKN, bearish at this moment, either once it hits 1.00 to .94 Cents, It will rebound, and will have good ride, but it won't be fly high as yesterday. It will be same as Enjin.
It will rise up to 1.15 to 1.20. and it will go down after.
NKN - ScaryGuys, NKN and huge rise this week, this will go down pretty bad next week. Sell it.!!
The trend is down..
NKN Price PredictionBINANCE:NKNUSD
The NKN price can go up from 0.0286 USD to 0.0327 USD in one year.
The long-term earning potential is +14.26% in one year.
In five years (2024)
The NKN (NKN ) future price will be 0.0422 USD.
