NKN bar pattern comparison 05/09/2021
Gathering thoughts for future reference.
I have noticed very similar behaviour on these two assets. NKN looks to be having a similar run to RALLY soon, as we see volume increasing upon reaching the previous spike high. Volatility is also increasing as we come into the high. RSI heavily trending in bullish control zone.
Looking for an explosive 24-48 hour move within the next 3 days, as the bar pattern suggests. The end of the bar pattern falls in line with previous resistance between $0.75 - $0.80.
I have noticed very similar behaviour on these two assets. NKN looks to be having a similar run to RALLY soon, as we see volume increasing upon reaching the previous spike high. Volatility is also increasing as we come into the high. RSI heavily trending in bullish control zone.
Looking for an explosive 24-48 hour move within the next 3 days, as the bar pattern suggests. The end of the bar pattern falls in line with previous resistance between $0.75 - $0.80.
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