NKNUSDT trade ideas
NKN inside a long term triangleNKN looks to be inside a long term sustained downtrend but has bottomed out potentially. I'd be watching for a break of this structure either way. My opinion is a bullish break is more probable. We see an up trend starting but it's a matter of if the bulls can keep it up.
NKNUSD forming bullish Gartley | Upto 16 percent expectedThe price action of NKN / US Dollar is forming bullish Gartley pattern and soon it will be entered in potential reversal zone.
This PRZ area can be used as stop loss point in case the complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.02666 to 0.02551
Sell between: 0.02757 to 0.02975
Enjoy your profits and regards,
Atif Akbar (moon333)
NKN is a Small Cap with Huge Long PotentialRecently listed on Binance, this $13M marketcap token deserves some further DD (have a look to their website, white paper, and team members, so far I'm impressed). This is not by any means a technical play (despite some ridiculous volume since the Binance listing), but instead a potential long term big mover, if their plans come to a fraction of what's purposed (adoption wise), this could potentially grow by a factor of 15 to 50X from here.
I'm buying a small position now and wait for further developments.
Position for a long Position moving and already broke a long term trend, looking to cool off a little
