NKNUSD trade ideas
New Kind of Network (NKN) making higher highs and lowsSince February COINBASE:NKNUSD has made higher lows. Recently the crypto has been making higher highs. Expect a bullish continuation.
NKN 12-2-21 update to previousred path rejection and loss of channel support, green path channel support holds and we see a bounce back up. BTC holding its support and making a move toward its 60k zone will be a healthy indicator for nkn. BTC is rejected by resistance and we see a drop, bad news for nkn.
nkn 11/27/21breaking previous wedge, nkn has traded in a cannel pattern which has multiple touches where after we have seen an increase in vol and price action. on balance volume has also showed increase equal to our previous high which means there is a large amount of investors hodling. if channel supports hold this could be a big move up. Btc is in a good position on its daily stoch rsi so we shouldnt see any big drops there that could ruin our price move.
ps: if break channel trend this is invalidated
check previous charts where i have made previous predictions.
NKN 12345 ABC retracementBased on the fib I think we can expect the ABC retracement to go down to the 786 at .49 for a continuation of the overall trend upwards. Love to hear thoughts on this.
NKN 11-16-21 update to previousred, yellow, green. yellow green most likely, candles closing gradually along our ma ribbon will give us a better idea if we keep cannel support.
NKN future breakout?NKN is definitely looking good following its current uptrend besides the scam wick through it which was quickly invalidated. It looks like its repeating the pattern from a couple of months ago before the big breakout so look for a possible breakout on NKN to 2 dollars in the near future
NKN 11-15-21NKN impulse wave into our correction phase. we know this will happen due to btc losing buying volume, which is ok, we need this correction to show strong support in the next wave.
check out previous predictions, for likely probability of being correct.
I'm selling NKN to buy it lower! Ultimately, I think it can go higher however I'm gonna attempt to buy it back lower! It's gotta shake off before the next run imo. I am using limit orders and stop-loss. Good luck.
By the way, someone poke SHIB with a stick haha... I'm also loading into dogelon ELON, and DIGINU... Let me know any other ideas too.
$NKN Ascending triangle continuationThis is momentum trade on NKN, as we already have a trade setup on the daily.
In this trade you would be playing the backtest of the inflection zone, and the stop can be adjusted to taste, however the idea is to take a 3:1 trade, while stoping out under the inflection point and the last swing low.
The hidden bullish divergence on the MACD AND RSI implies a continuation and we should not be revisiting that swing low without invalidating the divergence.
Not a value here, a momentum trade, and will likely be contingent on bitcoins continuation upward.
NKN is a 2 Minute man in bedwhat do you guys think? short it right? It has lost all its strength I think.
$NKN breaking out. Above $.85 sets up a retest of ATH+In the immediate short term, I could see a retrace to $.50-.51 to retest the top of the structure, from there, I think we're headed for the 50% retrace at $.85.
If we breakout above that level, it would send $NKN to it's previous ATH. And if we can get over that, then we should be in price discovery with resistance on the up at the targets on the chart.
My bias for the initial long target would be $2.25 or so.
Who will lead connectivity for Web 3.0? #NKNI wrote this back in early April before it made it's last big run. I still feel the same way about the project today. As NFTs and DeFi grow I expect supporting Web 3.0 technologies to grow like #NKN.
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Been doing some research on New Kind of Network (NKN) and am REALLY IMPRESSED.
TLDR SUMMARY: For Web 3.0 (Decentralized Internet) there are 3 main components like today’s internet - Compute, Storage, and Network. Think BTC/ETH for compute, File Coin / Storj / Siacoin for storage, and NKN for Network. In my opinion NKN could be the Cisco of the future.
Use cases:
- Better perf and lower latency due to decentralized structure (non-centralized servers).
- Have the ability to rent out the bandwidth you aren’t using on your home or mobile plan.
- More nodes than any other decentralized network, leading to 0% downtime.
- Data is stored on endpoints increasing security.
Bullish DivergenceWe're getting closer to the tip of the falling wedge all... Combine this with the bullish divergence made apparent by the lower price lows and higher oscillator lows, NKN is set for another leg up.
NKN 10-14-21 Full Analysis Chart is easily read with clear target prices and current analysis from todays date.
NKN 10-12-21Nkn in a good spot for breaking out. i think October, November will be a good indication on how much ground we really can gain in the coming months.
NKN Bullish Reversal Pattern .25-.35 under accumulation with signs of a inverse head and shoulder pattern playing out. Measured move target = .50+
NKN 10-1-21Things are looking good since are previous break out with BTC. Most indicators are showing a bullish sediment, meaning once we hit our reversal zone we will only grow from there. I feel we will make a new high on this wave up.
NKN 9-28-21Falling wedge pattern just as btc is doing. if btc breaks nkn will most likely break. Few indicators showing we are at a potential bottom. waiting for breakout. I 'am optimistic!
BTC updates are in link to show where we are at.
