NKNUSDT trade ideas
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
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.
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!
#NKN/USDT - Long - Potential 33.52%Strategy: Long
Exchange: BINANCE
Account: Spot
Entry mode: Market order in range
Invest: Risk 1%
Exit:
• ⎿ Target 2 : 0.1685 33.1%
• ⎿ Target 1 : 0.1337 5.61%
Entry: 0.1266 ⌁ 0.1266
• ⎿ Current market price: 0.1266
Stop: 0.1121 (-11.45%)
Technical indicators:
Trendline break, cross above 200 & 20 MA's, RSI momentum.
• ⎿ 24h Volume: 4439111.1445
• ⎿ Satoshis: 0.1266
• ⎿ Analysis: TradingView
#NKN/USDT breaks the Diagonal Trendline in 4-Hour TF!#NKN/USDT breaks the Diagonal Trendline in 4-Hour TF!
GETTEX:NKN so far holds the Support level of PML $0.1139. I am expecting a bounce from here towards the Diagonal Trendline. I am expecting a retest and rejection. Let's wait for a successful retest to short #NKNUSDT
NKNUSDT 1W LONG📈Hi all. NKNUSDT has been in accumulation for almost 2 years, with increased volumes. I am considering spot recruitment now, with possible additions, which I will inform you about additionally (if there are any). Everyone can see the accumulation, so there is a high probability of collecting liquidity and then going up. Also long during breakout/retest. Marked goals and levels.
with two way nkn can pump to .26 or .28 $i draw on nkn after breakout on first season(red line)
I was waiting for him to touch the target quickly. But with the fall of Bitcoin and Total Market Cap, it returned to Fibo 0.618 and started a new movement. In the second move (black line) it can also touch the previous target. So we shop here with caution