NKN/BTC NKN broke bearish with this descending triangle pattern after the price closes below 264 sats area. NKN tried to get back above the support area but the Daily EMAs acted as dynamic resistance and the price fell further. This bearish pattern target to the downside is between 170 - 160 sats area. It is not wise to trade Long positions as the downtrend is...
NKN/BTC NKN keeps testing the support level between 276-260 sats many times and we know this is not good because the price keeps making a series of Lower Highs. If NKN can't break above 320 sats in the coming days, I expect this bearish descending triangle is leading to play-out. The immediate target to the downside is the 0.786 Fib support.
The price action of NKN / US Dollar is forming bullish Gartley pattern and soon it will be entered in potential reversal zone. This PRZ area can be used as stop loss point in case the complete candle stick closes below this area. I have used Fibonacci sequence to set the targets: Buy between: 0.02785 to 0.02758 Sell between: 0.02808 to 0.02860 Enjoy your...
NKN looks to be inside a long term sustained downtrend but has bottomed out potentially. I'd be watching for a break of this structure either way. My opinion is a bullish break is more probable. We see an up trend starting but it's a matter of if the bulls can keep it up.
EXPEREMENTAL, BASED ON FUUL CHART FROM CHARTS.COINTRADER.PRO