NKN, Bears are trying, but many perspectives ahead. Still time for retest atleast to 0.39, NKN is going through a very strong resistence on the ichimouku cloud, it's fighting through it but that is why you're finding big red candles come in out of nowehere, it's under bearish territory.
However, it went over strong resistence levels on the daily, and is not retesting the 0.40 - 0.35 as support.
DMI is bullish, but if it goes down more then there will be a DMI cross over, which will confirm it to be a fakeout of the breakout of the resistance.
overall: more bullish than bearish, but BTCDOM might go through a slight correction so watch out.
NKNUSDT trade ideas
🆓NKN (NKN) Aug-13 #NKN $NKNNKN is being rejected at the $0.45 zone and it is highly likely that it will correct to the $0.35 zone before rallying again in the coming days to conquer the $0.45 zone and advance to the $0.55 and $0.70 zones. But if it loses the $0.35 zone, it will fall sharply to the $0.25 zone
📈BUY
🔴Buy : 0.34-0.36$. SL if B
🔴Buy : 0.44-0.46$ if A. SL if B
📉SELL
🔴Sell : 0.44-0.46$. SL if A
🔴Sell : 0.535-0.565$. SL if A
🔴Sell : 0.68-0.72$. SL if A
♻️BACK-UP
🔵Buy : 0.44-0.46$ if A. SL if B
🔵Sell : 0.535-0.565$. SL if A
🔵Sell : 0.34-0.36$ if B. SL if A
🔵Buy : 0.244-0.256$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
NKNUSDT Has Broken Above a Major Resistance
Welcome back Traders, Investors, and Community!
Hi Traders, NKNUSDT on h4 has broken a major resistance. There might be a Pullback before it goes up
⬆️Buy now or Buy at 0.24301
⭕️SL @ 0.18320
✅TP1 @ 0.32569
✅TP2 @ 0.45885
✅TP3 @ 0.67736
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
NKNUSDT Resistance Zone Breakout.NKNUSDT Technical analaysis Update
NKN/USDT currently trading at $0.2550
Resistance Zone Breakout.
In the above chart, price multiple times touched resistance after continuous consolidation finally we can see the resistance zone breakout.
Buy level : Above $0.250
Stop loss: $0.209
TP1: $0.2828
TP2: $0.315
TP3: $0.345
TP4: $0.405
TP5 :$0.0.450
Note: please do your own research before investing. Never invest money that you can't afford to lose.