mlotis

NKN Consolidation, Triangle and Up!

Long
mlotis Updated   
BITTREX:NKNBTC   NKN / Bitcoin
NKNBTC was just listed on several exchanges, one of those being the highly anticipated Beaxy exchange which will be launching at the end of March. On Bittrex, there is A LOT of accumulation happening after the Upbit listing, volume has completely dropped off, besides spurts of large volume but no price movement over the last week. I've checked where these large volumes are coming from and they're all buy orders and very small sell orders. Someone is accumulating and once we break this giant triangle, we'll go up to the previous high on Bittrex, if not further. This is a project with a very bright future, mainnet launch in 3.5 months and was almost listed on Binance several months ago.
Trade closed: target reached
Trade active:
Opening position again as this one as retraced into buy level again after the pump, this one has a long way up still
Comment:
Reaching bottom of channel, look for bounce

Trade closed: target reached
Trade active:
Wait for price to touch trend lines, buy-in, profit

Trade active:
Touched trend-line again, look for another push up
Trade active:
Touched trend line, going parabolic soon. Mainnet launch occuring in a few months, coin will be listed on a new and upcoming exchange, Beaxy, at the end of the month when the exchange launches.

Comment:
New chart:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.