NKN (NKNBTC) just printed a strong volume bar today while breaking above EMA10, giving us the signal of a high volume breakout once confirmed.
After EMA10 at 0.00000207, the next barrier/resistance is sitting at 0.00000238 which is marked in this chart by EMA50 (a yellow line). Once this level is conquered, NKNBTC can easily produce an impulse move up.
If EMA (0.00000238) fails to be conquered, we follow the red arrow for consolidation to gain strength before the next jump. If not enough strength can be garnered, the prices will move lower and test a new low.
Right now we are looking bullish and ready to go.
Namaste.
After EMA10 at 0.00000207, the next barrier/resistance is sitting at 0.00000238 which is marked in this chart by EMA50 (a yellow line). Once this level is conquered, NKNBTC can easily produce an impulse move up.
If EMA (0.00000238) fails to be conquered, we follow the red arrow for consolidation to gain strength before the next jump. If not enough strength can be garnered, the prices will move lower and test a new low.
Right now we are looking bullish and ready to go.
Namaste.
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