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NKN/USDT Potential Upward Movement

NKN/USDT Long-Term Trend: Bullish

Key Resistance Levels: 0.3183, 0.3651, 0.4533

Key Support Levels: 0.2500, 0.1952, 0.1900

Daily Chart:

The price on the higher time frame succeeded to break the parallel channel to the upside where it is posting higher highs and lows showing that the market is in a clear uptrend and this most probably will continue in the coming hours.

NKN/USDT Medium-Term Trend: Bullish

4-Hour Chart:

On the lower time frame, the price is traded inside a bullish channel formation where it managed to break the previous swing high around the 0.2792 USDT mark and retrace to it. This could lead to a further move upward toward the mentioned target profit.

Signal Idea:

Buy Limit Order @ 0.27609

TP 1 @ 0.31696

TP 2 @ 0.31830

Stop Loss @ 0.26251

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

One comment

  1. What platform can I trade nkn on I don’t see it in mt4

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