NKN has bullish signs!
๐#NKN/USDT ๐
LONG
Leverage: (10.0X)
Entry Targets:
1) 0.181
2) 0.163
Take Profit Targets:
1) 0.190
2) 0.195
3) 0.200
4) 0.204
5) 0.209
6) 0.215
7) 0.221
8) 0.226
Stop Targets:
1) 0.158
๐กChart is speaking it self!
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Thank you for seeing idea .
Have a nice day and Good luck
๐ดThis is only an idea and not a financial advise ( NFA )๐ด
NKNUSDT trade ideas
NKN ANALYSIS (1D)First of all, note that NKN's movements are full of shadows and move slowly.
We have 3 big ABC waves on the chart. Wave A and B are over and now we are in the big C wave.
Wave C looks like a diamond diametric, and now the price is completing the bullish wave F of this diametric.
By keeping the green box, it can move towards the red box
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
NKN/USDT Lying on the strong support, Could NKN Bounce and UP?๐ NKN has recently undergone significant developments in the market. Positioned at a critical support zone, the strength of this area in sustaining NKN's downward movement is evident in historical data.
๐ There's a likelihood that NKN will bounce from this support and probability make another attempt to breach the robust resistance area.
๐ However, failure to maintain support could be concerning, indicating a breach of a crucial area. This could lead to a reversal in momentum, with the next support level situated at the demand area.
๐ NKN must bounce from the support area and reclaim the region above the support area. In the absence of positive signals, a prolonged sideways movement may result in NKN losing support, triggering a downward movement towards the formidable support area.
#NKN/USDT#NKN
The price has been moving in a descending triangle since July 2022
It was based on a strong support area at 0.0860.
Moving Average 100 was also reviewed.
We are about to break the downtrend of the triangle, and therefore we expect the price to rise to the specified areas.
The current price is 0.1015.
First goal 0.1869
Second goal 0.3019
This represents 300% of the current price.
Pay attention to correction areas.
NKN is continuing to go up in the Bullish channel NKN is continuing to go up in the Bullish channel after the rejection
๐ตEntry Zone 0.1285 - 0.1345
๐ดSL 0.1198
๐ขTP1 0.1459
๐ขTP2 0.1638
๐ขTP3 0.1939
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NKNUSDT LOOKS BULLISHBased on the analysis of NKNUSDT, I'm planning to initiate a long position in NKN at the current market price of 0.89. The decision is supported by the recent breakout from the trendline, and the price has remained above the trendline, suggesting the possibility of an upward trend continuation.
This analysis is primarily based on the 1-day time frame, where the price has demonstrated an inclination to remain in an upward trend.
In the event of a price retracement, I intend to buy more NKN coins at key support levels, which are set at 0.08 and 0.077. These support levels offer potential entry points for the trade, with a focus on achieving long-term targets, ultimately reaching 0.20.
To manage the inherent risks, a stop-loss order has been established under the support level at 0.073. This stop-loss serves as a protective measure to limit potential losses if the market moves against the trade.
Please be aware that cryptocurrency markets can be highly volatile, and trading carries inherent risks. It's essential to apply sound risk management principles and consider your own risk tolerance when executing trading strategies.
NKN/USDT Break key level area. Ready to continue upward move ??๐ NKN has undeniably attracted significant attention in the market. Currently, it has successfully broken through the key resistance level, entering a valid retesting phase at the support, which was previously a resistance zone. If there is a perfect bounce on the support area, it is probability that NKN will continue its upward movement towards our target supply area.
๐ NKN is reliant on the support area. If it returns to the retesting phase at the support area and fails to maintain or sustain above it, or worse, experiences a breakdown below the support level, it poses a danger. In such a scenario, NKN may revert to a bearish movement, potentially undergoing a downward trajectory toward the demand area or even retracing to the strong support zone.
โด๏ธ NKN 200%+ Bullish Wave Mapped | Simplicity (Simple & Easy)Not just simple but easy... Simple and easy.
NKNUSDT moved above EMA50 back in November 2020, it struggled with the level a little bit in late 2020 until it finally managed to stay above it.
Once this level was left behind, a massive bullish wave followed. Very simple.
It has been moving, growing slowly five weeks straight and now NKNUSDT is trading again above EMA50 weekly. November 2020 vs November 2023 is exactly 3 years... That's how long it takes for a bottom to be hit, set and confirmed as a new market cycle starts.
1.5 years the bullish cycle and 1.5 years the bearish cycle.
The remaining year to complete a 4 year cycle is composed of range trading, the whales accumulation phase.
The bear market low after the 2021 bull market happened June 2022 and we have higher lows since.
The target on the chart can happen short-term... Long-term, we are likely to see many, many times more growth, maybe 10, 15 or 20X to the next All-Time High... Easy!
Namaste.
$NKN Potential Break out NKN seems to be coming out of this rounding supply line here.
In the context of an accumulation range, this would be equivalent of "jumping over the creek"
If it holds up, id look for a test of the top of the range next at the 382 / 0.16
Above that, historically its a pretty swift move up to .32 and .43
It wouldnt be alarming if we retested the bottom of the range or got a checkback on the supply line first, but a real nice start here on a reversal.
Bullish on $NKNDaily chart:
- We have a Daily OB+ created.
- We had price yesterday draw to the M.T of the Daily OB+. This was after price hit the Daily Bearish OB- open price and draw to the M.T mentioned.
H4:
- We have Price reacting off the H4 Breaker and H4 PB+. The H4PB+ and the Daily M.T + Daily OB+ are the same price level 'Coincidentally' (hehe, jk)
- We have H4 Confirming our bias with TWO OB+ and Equal highs to draw to.
NKN did not rally much after bitcoin bull run hence I presume its time.
NKN On Fire: Don't Miss Out on This Buy Trade!"**NKN** is a new kind of peer-to-peer network connectivity protocol and ecosystem that enables applications to access Web3-native networking services, such as bandwidth sharing, VPN, and load balancing, in a decentralized and secure way.
**Recent news**
* On October 25, 2023, NKN announced the launch of its mainnet 4.0, which includes a number of new features and improvements, such as support for Layer 2 scaling, enhanced security, and a more user-friendly interface.
* On October 31, 2023, NKN announced that it had partnered with Chainlink to provide decentralized oracle services to NKN-based applications. This will allow developers to build more sophisticated and reliable applications on the NKN platform.
**Fundamentals**
* NKN is built on a novel blockchain consensus mechanism called Proof-of-Relay (PoR). PoR rewards nodes for relaying traffic through the network, which helps to ensure that the network is always available and reliable.
* NKN's native token, NKN, is used to pay for network services and to participate in the governance of the network.
* NKN has a number of unique features that make it well-suited for a variety of applications, including:
* Decentralization: NKN is not controlled by any single entity, which makes it more resistant to censorship and attack.
* Security: NKN uses a number of security features to protect user data, including end-to-end encryption and distributed storage.
* Scalability: NKN is designed to be scalable to handle large volumes of traffic.
* Flexibility: NKN can be used to build a wide variety of applications, including VPNs, load balancers, and distributed storage networks.
**Disclaimer**
This is not financial advice. Please do your own research before investing in any cryptocurrency.
NKN going downThe coin has formed several cascading support levels, each of which is confirmed by a lot of touches, indicating the accumulation of unrealized liquidity behind them. There is also a decrease in the highs along the trend to the cascade, which may indicate the local priority of sellers at the moment.