NKNUSDT trade ideas
The New Kind of Network vs TetherUS (Bullish vs Bearish)NKN Overview
About NKN
NKN bills itself as a 'new kind of P2P network connectivity protocol' that is powered by a public blockchain. NKN is used to incentivize Internet users to share their network connection and unused bandwidth. NKN's describes its networking infrastructure as 'open, efficient, and robust', thereby enabling application developers to build the decentralized Internet. Whitfield Diffie, inventor of public key cryptography (Diffie-Hellman) and 2015 Turing Award winner, and Stephen Wolfram, Founder and CEO of Wolfram Research, are listed on their publications as advisors for the project.
The New Kind of Network (NKNUSDT) is starting to look good with prices now moving above EMA10.
We have a volume breakout and bullish indicators (MACD and RSI).
When we look at the shorter-timeframe, 4H, we can notice prices moving above resistance:
If the purple trendline can be conquered, we will see prices jump next.
Thanks a lot for reading.
Namaste.
NKNUSDT forming bullish Gartley | A good long opportunity aheadThe 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 profits and regards,
Atif Akbar (moon333)
NKN 100% potential profit I see perfect accumulation with strong buyers , higher highs and higher lows structure.We can see a really good growth
Good buy point after fixing above 0.03
NKN inside a long term triangleNKN 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.
NKNUSD forming bullish Gartley | Upto 16 percent expectedThe 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: 0.02666 to 0.02551
Sell between: 0.02757 to 0.02975
Enjoy your profits and regards,
Atif Akbar (moon333)
NKN is a Small Cap with Huge Long PotentialRecently listed on Binance, this $13M marketcap token deserves some further DD (have a look to their website, white paper, and team members, so far I'm impressed). This is not by any means a technical play (despite some ridiculous volume since the Binance listing), but instead a potential long term big mover, if their plans come to a fraction of what's purposed (adoption wise), this could potentially grow by a factor of 15 to 50X from here.
I'm buying a small position now and wait for further developments.
Position for a long Position moving and already broke a long term trend, looking to cool off a little
