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NKNUSDT trade ideas

A New Kind of Network ;NKN/USDT analysisWhat is 🌟Nkn 🌟? (Network Infrastructure for Decentralized Internet) NKN, or New Kind of Network, is an open-source protocol for public blockchain-based peer-to-peer Networks to share network bandwidth and Internet connectivity. The project was launched in January 2018 and lists Stephen Wolfram, creator of Mathematica and Wolfram|Alpha, and Whitfield Diffie, inventor of public-key cryptography as advisors. ❇️The current internet has got some serious issues! After years of transmutation, the Internet is in danger of losing its original vision and spirit. For example, Network Neutrality is overturned; spectrum and bandwidth are not efficiently utilized; information is fragmented and can be censored; and privacy protection is limited. These signal that the network needs a reform. ❇️Existing solutions are not suitable for next generation blockchain systems because they: 👉Utilize a centralized approach to improve efficiency. 👉Sacrifice the scalability of the network to speed up consensus. 👉Limit participation rate of nodes or require authorization to increase “security”. 👉Use purely financial motivations or trusted third parties to solve problems which should be solved by mathematics and technology 1-Structure :is inefficient 2-Utilization: wastes resources 3-Centralization: reduces trust The Client-Server model is expensive, complex, and prone to failure and attack Today, most communications need to go through a centralized server, where it can be blocked or sabotaged, hacked into, or eavesdropped on. The aim of NKN is to solve all of these problems by providing a decentralized solution with blockchain technology, and a state of the art network topology based on Cellular Automata. references:nkn.org - coinmarketcap ------------------------------------------------------------------------------------------------------------------- ✅TECHNICAL ANALYSIS As we can see in the weekly timeframe logarithmic chart for NKN, The current price roam about $0.2 , The currency has made headlines in recent weeks, experiencing a sharp increase of more than 250%; You see, let's imagine these two different patterns for it, the reverse head and shoulder pattern, and the cup again. Which gives us long-term goals of $ 0.38 and $ 0.8 and even the possibility of reaching $ 2.5, the return of which depends on the green market of Crypto. I think ,NKN can correct down to 50% or grow even up to 100% more in short-time by forming a flag pattern, so the stop-loss is necessary; if you are in a long position. (Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, because Because this crazy market also depends on the odds and there is no certainty.) -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion and you are responsible for your own trades or invests. ❤️with Best Regards and successful trades 👍plz hit that damn like button if you like it
Long
by PRO_SMART_Trader
3
NKNUSDT AnalysisI am currently bullish about NKN while EngineeringRobo remains bearish. If you are holding NKN at the moment, it would be advisable to hold and aim to sell at the .0279 resistance level. However, you can sell at the uptrend line or the downtrend line. If you are interested in buying NKN, your options are: - Buy with EngineeringRobo buy signals - You could buy now as the candles have recently touched the support 0.018 support line and open/closed above it. - You can buy if the candles break above the uptrend line. - You can buy if the candles break above the downtrend line. HOWEVER - EngineeringRobo is still bullish and the Risk/Reward ratio is below 2 - so trade with caution. If you buy with EngineeringRobo buy signals, pay close attention for those EngineeringRobo sell signals! If you're looking to use EngineeringRobo, DM me!
by DanFox0x7C6
1
NKNUSDT AnalysisSince there are 3 SELL signals present, I'M BEARISH. (For people who cannot see, the bear signal is right behind the hell signal.) So, I don't recommend you to buy right now. If you want to buy, you can wait for EngineeringRobo's buy signals to be present, You can buy if candles will touch the support line (0.015) or You can wait for candles to open-close above resistance level (0.028) for 1D to buy. After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
by EngineeringRobo
3