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NKNUSDT trade ideas

Nknusdt buy opportunityNKNUSDT previously achieved the complete target for its inverse head and shoulders pattern, as shown on the chart, and continued to make an extensive move, peaking around $1.489. Following this all-time high (ATH), the coin underwent a correction phase. We believe this correction has now concluded, signaling the potential onset of a major move, likely the wave 3 in a larger wave structure. We have identified a broad accumulation area, which is ideal for Dollar-Cost Averaging (DCA) purposes. Given the wide range of this accumulation zone, I recommend focusing solely on spot trading. The targets outlined on the chart cater to both short-term and long-term perspectives, providing a comprehensive roadmap for potential gains. Patience and strategic accumulation are key to maximizing returns from this setup.
by weslad
11
NKN/USDT Bullish Breakout with Potential Resistance TestThe NKN/USDT chart on the 4-hour timeframe is showing a bullish trend supported by a rising trendline, indicating a series of higher lows. The price is currently approaching a critical resistance zone around 0.0794 USDT, a level that has rejected upward momentum in previous attempts. Analysis Trend: NKN is in an uptrend, confirmed by the upward-sloping trendline and increasing price action. Indicators: The Relative Strength Index (RSI) is currently around 61.73, suggesting that NKN is slightly overbought but still has room for potential upward movement before reaching overbought territory (>70). Potential Bullish Breakout: If the price manages to break above the 0.0794 USDT resistance level, it could trigger further upside momentum. Trade Idea Entry Point: A potential entry is around the current price of 0.0766 USDT, with confirmation from bullish candlestick patterns or volume spikes in lower timeframes. Take Profit (TP): TP1: Set at 0.0794 USDT, the current resistance level. TP2: Set at 0.0850 USDT if the breakout continues past the resistance. Stop Loss (SL): Set at 0.0711 USDT, below the trendline support, to manage risk in case of a bearish reversal.
Long
by cashback-ventures
Trading Signal Alert: NKNUSDTAttention traders! Here's a new trading signal for the NKNUSDT pair using the EASY Quantum Ai strategy. Direction: Sell Enter Price: 0.0828 Take Profit: 0.08133333 Stop Loss: 0.08503333 Our decision to recommend a sell position is supported by several factors: 1. Technical Indicators: Current technical analysis shows bearish signals on the charts, with NKNUSDT exhibiting a downward momentum. Several moving averages are aligned in a bearish crossover, reinforcing the downward trend expectation. 2. Resistance and Support Levels: The enter price of 0.0828 is strategically chosen, hinting at a recent breach of a key support level. This price point serves as a confirmation of ongoing selling pressure. The take profit level at 0.08133333 is positioned to capitalize on potential further decline before encountering expected buying interest. 3. Market Sentiment: Recent market sentiment analysis indicates a bearish outlook, with an increase in selling volumes and a decrease in buying interest. This trend aligns with macroeconomic factors affecting the crypto markets, including increased volatility and regulatory pressures. 4. Risk Management: The stop loss is set at 0.08503333 to manage risk effectively, providing a buffer against sudden market reversals. This signal has been curated with the EASY Quantum Ai strategy, focusing on providing data-driven insights to optimize trading decisions. Stay alert and trade wisely!
Short
by ForexRobotEasy
New Kind of Network (NKN)NKN or New Kind of Network, is a network that focuses on creating a decentralized and open-source network protocol for public blockchain-based peer-to-peer (P2P) networks to share network bandwidth and internet connectivity. Anyway, after NKN went up more than 8000%, correction started which toke NKN down to the major horizontal resistance area. NKN oscillated there more than two years. Now, it seems NKN might be ready for the next upward phase. Let's see what happens.
Long
by SaeedSalehinia
2
7 cents to $4 in 7000% move for NKN?On the above 11 day chart price action has corrected 95% since early 2021. A number of reasons now exist to consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Support on past resistance. Look left. 3) Bullish divergence. Multiple oscillators print positive divergence with price action across a 55 day period. 4) The Bull flag. The support on past resistance confirms the flag pattern. A repeat of the impulsive move in 2021 will take price action to the $4 area with a 7000% return. Is it possible price action corrects further from 95%? Sure. Sellers love it. Is it probable? No. Ww Type: trade Risk: You decide Timeframe for long: This month Return: 7000%
Long
by without_worries
21
NKN - 100x opportunityOn the above 1-day chart price action has corrected 95% since April 2021. A number of reasons now exist to be long, including: 1) The ‘incredible buy’ signal. 2) Broken price action and RSI resistance. 3) Price action is testing past resistance (green line), look at the weekly chart below. 4) Price action has corrected to the golden ratio (see weekly chart below). 5) Nudge nudge wink wink. Don’t know what I mean? Shame. Is it possible price action falls further? Sure. Is it probable? no. Ww Type: trade Risk: <=6% of portfolio Timeframe: don’t know. Return: $8 or 100x Weekly chart 3-day BTC pair
Long
by without_worries
73
NKN/USDT TF W Price Dynamics and Volume ProfileBINANCE:NKNUSDT The chart is of NKN/USDT on a weekly timeframe using Heikin Ashi candlesticks. Here's a detailed analysis of the chart: 1. **Price Levels and Volume Profile**: - **Current Price**: NKN is trading at $0.0833. - **Key Levels**: - **Resistance Zone**: Around $0.81 to $0.97. - **Support Zone**: Around $0.0055 to $0.0400. 2. **Volume by Price**: - There is a significant volume accumulation around the $0.0833 level, indicating strong interest and potential support at this price. 3. **Price Action**: - The price has been fluctuating within a range, with major resistance around the $0.81 level and support around the $0.0400 level. 4. **Historical High and Low**: - Historical high around $1.4890. - Historical low around $0.0055. 5. **Heikin Ashi Analysis**: - The Heikin Ashi candles suggest a bearish trend, indicated by the red candles and the overall downward movement in the recent weeks. 6. **Trend Analysis**: - The long-term trend appears to be bearish with significant resistance levels yet to be broken for any potential reversal.
Long
by Motivation_Voice
NKN/USDT TRADE SETUP!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. NKN looks good here. Break out done and after a successful retest, it starts going up. Long some here and add more in the dip. Possible Entry & Targets: Entry: Current Market Price (CMP) and potentially add more up to $0.115 Potential Targets: $0.126/$0.138/$0.157 Stop-loss: $0.113 (Consider setting a stop-loss based on your risk tolerance strategy). Leverage: Use leverage with caution. Consider low leverage (Max 5x) as suggested. Let's Discuss What are your thoughts on this current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1