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NKNUSDT trade ideas

Eyes on $NKN as wellAscending triangle in formation. About The Token : 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.
by TopGBanks
NKN, Bears are trying, but many perspectives ahead. Still time for retest atleast to 0.39, NKN is going through a very strong resistence on the ichimouku cloud, it's fighting through it but that is why you're finding big red candles come in out of nowehere, it's under bearish territory. However, it went over strong resistence levels on the daily, and is not retesting the 0.40 - 0.35 as support. DMI is bullish, but if it goes down more then there will be a DMI cross over, which will confirm it to be a fakeout of the breakout of the resistance. overall: more bullish than bearish, but BTCDOM might go through a slight correction so watch out.
by bitmoey
🆓NKN (NKN) Aug-13 #NKN $NKNNKN is being rejected at the $0.45 zone and it is highly likely that it will correct to the $0.35 zone before rallying again in the coming days to conquer the $0.45 zone and advance to the $0.55 and $0.70 zones. But if it loses the $0.35 zone, it will fall sharply to the $0.25 zone 📈BUY 🔴Buy : 0.34-0.36$. SL if B 🔴Buy : 0.44-0.46$ if A. SL if B 📉SELL 🔴Sell : 0.44-0.46$. SL if A 🔴Sell : 0.535-0.565$. SL if A 🔴Sell : 0.68-0.72$. SL if A ♻️BACK-UP 🔵Buy : 0.44-0.46$ if A. SL if B 🔵Sell : 0.535-0.565$. SL if A 🔵Sell : 0.34-0.36$ if B. SL if A 🔵Buy : 0.244-0.256$. SL if B ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY and SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
by CryptoStation
1
NKNUSDT Resistance Zone Breakout.NKNUSDT Technical analaysis Update NKN/USDT currently trading at $0.2550 Resistance Zone Breakout. In the above chart, price multiple times touched resistance after continuous consolidation finally we can see the resistance zone breakout. Buy level : Above $0.250 Stop loss: $0.209 TP1: $0.2828 TP2: $0.315 TP3: $0.345 TP4: $0.405 TP5 :$0.0.450 Note: please do your own research before investing. Never invest money that you can't afford to lose.
Long
by HexaTrades
3