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NKN / TetherUS

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NKNUSDT trade ideas

NKN/USDT Lying on the strong support, Could NKN Bounce and UP?💎 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. 💎 There's a likelihood that NKN will bounce from this support and probability make another attempt to breach the robust resistance area. 💎 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. 💎 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.
by MyCryptoParadise
NKN is continuing to go up in the Bullish channel NKN is continuing to go up in the Bullish channel after the rejection 🔵Entry Zone 0.1285 - 0.1345 🔴SL 0.1198 🟢TP1 0.1459 🟢TP2 0.1638 🟢TP3 0.1939 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments.
Long
by JosephMcKenzie
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.
Long
by sunnytrader07
1
NKN/USDT Break key level area. Ready to continue upward move ??💎 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. 💎 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.
by MyCryptoParadise
2
✴️ 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.
Long
by MasterAnanda
2
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.
Long
by Sherman_Trades
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.
Long
by MoonTradingForecast
2