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NKN

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: WHALE INCREASE RETURNNKN is a cryptocurrency that has experienced a significant decline in recent months. However, our research suggests that there is a promising opportunity for a substantial increase in value, which could potentially bring the coin back to a level of $0.14 and even reach a new target of $0.20. Based on our analysis, we anticipate a positive trend for NKN in the future. If this trend unfolds as expected, it is likely that more investors who had previously traded against the coin (shorts) could exit their positions when the trend breakout by whale increase as this chart idea shows. Please note that this information is not intended as trading advice. It is always important to carefully manage your risk and trades. We will continue to monitor the progress of NKN in the coming period.
Long
by Goldenbreakout
2
NKNUSDT Massive long setupIts been a while since I did not post any trade as I was busy with memes. As most of you may know, I am glad to announce that I am one of Alireza Mehrabi students posting trade ideas. So basically I look at weekly or monthly time frames for massive moves and I am not interested on any short time trades. NKN is very interesting on weekly and monthly chart, Wedge is already broken and I am looking for a pullback to ape in. I will update as soon as my limit orders are filled. GL
Long
by Cuckero
✳️ NKN Looks Good But... 4896% Explained (Name Your Altcoin #55)This trading pair looks good based on many different signals but things can easily change. NKNBTC bottomed January 2021 at 51 satoshis (0.00000051 BTC). Bullish consolidation followed in February of the same year and a major bullish wave took place in mid-March 2021 that lasted for less than a month and ended in April 2021. This was a 4,896% or 48X bullish wave. If I shared a trade idea predicting such a move or published a trade, people would not believe it. They would say, "it is impossible with the market sentiment to see a 4,800%+ wave in a matter of months!" What if the same repeats? Since the peak price in 2019 to the peak in 2021 we have a period of a little more than two years. If we calculate from the 2021 peak to early April 2023 we have the same time period, a little over two years... The conditions are similar now but better. Notice the cryptocurrency market sentiment, very bad... This type of sentiment leads to the strongest type of bullish explosive growth. NKNBTC Chart Signals This pair is trading weekly above MA200, EMA10, EMA50 while challenging EMA100. EMA50 only confirms once this week closes above 497 sats, closing below would invalidate this part of the signal which doesn't mean anything. We have a long-term higher low May 2022 vs Jan. 2021. The RSI is super strong while there hasn't been any major bullish breakout. The MACD is above 0 (bullish). Many altcoins already produced massive gains. Everything is looking great but, things can change. We can go from a dead, dull, boring market, to a massive explosion of growth mixed with excitement and euphoria, in a matter of days. Bitcoin is bound to produce a correction, a strong correction at some point and that will be the catalyst for the Altcoins explosion, money will flow from Bitcoin to the rest of the market and after the low/support is found the next bull-market will be confirmed and years of growth is likely to take place. The market moves in cycles... It does it like clockwork. As the money supply expands and Bitcoin's supplies contracts, this leads to the appreciation of Bitcoin and Crypto which is like Bitcoin's arms and legs. Namaste.
Long
by AlanSantana
5