NKNUSDT.P Triangle Pattern 1H TFNKN showing symmetrical triangle with a high chance of breaking downside.
NKNUSDT trade ideas
New Kind of Network DCA - Rectangle PatternExchange: Binance
Project: New Kind of Network
Ticker: NKN
Sector: Cryptocurrency
Introduction:
Today, we are analyzing the NKN/USDT cryptocurrency on the daily scale chart, focusing on a crucial principle in trading - patience. It's crucial to not jump into trades prematurely and we will be using the current state of NKN to illustrate this.
Rectangle Pattern:
In technical analysis, a Rectangle pattern forms during a consolidation phase, typically characterized by the price bouncing between clearly defined horizontal support and resistance levels.
Analysis:
Like many cryptocurrencies, NKN was previously in a downtrend, subsequently transitioning into a consolidation phase. This phase has formed a Rectangle pattern that has been active for over 384 days. The upper boundary of the Rectangle is at $0.1438, marked by 6 touchpoints, while the lower boundary sits at $0.0685, demonstrated by 3 touchpoints.
At present, the price appears to be consolidating above the 200 EMA, signaling a bullish environment. A breakout, confirmed by a candle close above the upper boundary, could present an opportunity to initiate a long position. The anticipated price target would then be at $0.2200, which signifies a potential price increase of 52.5%.
Conclusion:
This technical setup places NKN as a watchlist candidate. However, today's analysis offers more than just a potential trading setup; it underlines the importance of patience in trading. The marked "spikes" on the chart represent premature breakouts. Those who didn't wait for a confirmed candle closure would have likely encountered significant losses. This serves as a powerful reminder of the crucial need for patience when trading.
As always, this analysis should be utilized as part of a broader trading strategy, incorporating appropriate risk management. Stay tuned for more cryptocurrency analysis and remember, patience is a virtue in trading.
Happy trading!
Best Regards,
KarimSubhieh
NKN/USDT - NEXT MOVE - 20% PROFITI think NKN is a good coin to buy,just hold it,Good luck to you all.
Nkn Getting Ready For 300 to 320% Bullish Wave Seems Like Getting Ready For Massive Recovery Formed Descending Channel In 2days Timeframe I*ncase Of breakout Expecting 300 to 320% bullish Wave In Coming Weeks
NKNUSDT Massive long setupIts been a while since I did not post any trade as I was busy with memes.
As most of you may know, I am glad to announce that I am one of Alireza Mehrabi students posting trade ideas.
So basically I look at weekly or monthly time frames for massive moves and I am not interested on any short time trades.
NKN is very interesting on weekly and monthly chart,
Wedge is already broken and I am looking for a pullback to ape in.
I will update as soon as my limit orders are filled.
GL
NKNUSDT.When last time NKNUSDT made a very strong bullish rally, before rally its consolidation last for 46 days. After that bullish move new consolidation also has completed 46. Is the 46 days time cycle has ended before next bullish move?
NKN convincing me to enter long position in the pullback (Long)I can see an obvious change of character and I just wait for the price to meet the area of interest and expect it touch at least the first higher high in daily timeframe.
NFA
NKNHello everyone, some are surprised why I publish these currencies in the medium term, they collect and then explode, and they need patience, and some do not have patience in this market
NKN/USDT 2x coming 🚀Looking for a profitable trade opportunity? Consider NKN/USDT.
Buy between $0.1 and $0.082,
and aim for gains at $0.12, $0.13, $0.16, $0.18, and $0.2.
Cheers!
NKN LONG POSITION SWING TRADENKN is about to give us another run after hitting support. Go long on a 3-5x leverage
Entry: buy now
profit1 : 0.13657
profit2: 0.14735
profit3: 0.15607
profit4. 0.16479
Do your own research, follow and comment for more analysis.
NKNUSDT BULLISH ON WEEKLY TIME FRAME weekly time frame is forming two double bottoms so i expect abullish run in the near future and achieve all targets and more profits in the mid term future
NKN looks bullishHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the NKN symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
✴️ NKN Breaks Long-Term Consolidation Box | Bulls Confirmed✔️ NKNUSDT is breaking above MA200 weekly and at the same time a long-term consolidation box, this is a major development.
✔️ NKNUSDT has been going sideways for 11 months after hitting a low in May 2022 and it now finally breaks out.
These simple signals are pointing to the start of a new bull phase; a bull-market. (Higher highs and higher lows, long-term).
Namaste.
NKN hits the first target , What next!NKN is super bullish and today it hits the first target at 0.16
Now the next is 0.21 and we will double our money .
I enter this trade at 0.12 and still holding !
GOOD LUCK
NKN : INCREASE VIEWNKN showing on the low time frame increase view, we will see if this can confirm in the coming time.
$0,144 is also an important confirmation zone.
NKNUSDT | BULLS CONTROLNKN has been trading in a bullish trend. The price has hold an important support.
The price is now approaching to the next resistance zone.
The bulls are in control.
Manage your trades accordingly.
Nkn going to double Nkn broke the trend line , back test , now going to double
Looks good market this day , despite the news , some how baba jones try to make good deals .
GOOD LUCK
#NKN/USDT [NKN]: BBand_Breakout We've identified a Bollinger Band breakout on the $NKN/USDT chart. The price has moved outside of the upper Bollinger Band, which can indicate a potential bullish trend. We may consider buying at the current price zone and targetting higher level.
$NKN wave 5$NKN possible wave 5. You entry LONG upon break out on that little box. I put 3 possible tp's. I suggest you take profit by tranches upon hiting the first TP.
NKNUSDT | SETUPNKNUSDT has been trading in bullish trend on lower time frame.
The price has been holding an important rising support.
Now the price has approached to the rising trend line .
The 200MA also confluence with the rising support.
The bulls need to hold this support and so can show a strength at this level.
Manage your levels accordingly.
