We'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.
I see there are no ideas for this ticker yet so I took my chance.
In terms of actual analysis, Bitcoin is currently pulling back from an ATH which is healthy in the long run. Right now or once we consolidate would be a great time to take a long position.
Sub billion market cap of 100 mil
A unique and useful use case
This could be a 10x token.
If we blow past the ATH of $72, we could very well go to $100. That still only bring us to a market cap of 200 million... Keep your eye on this one.
Right now, we are consolidating in a bullish pennant. Expecting a break out to +7 soon. Hopefully this will give us enough momentum to pump to a new local top!
After breaking out of the falling wedge in the short term, we had enough momentum to break through this long term symmetrical triangle. If we test the previous resistance and turn it into support, then expect a measured move to 11 cents. This may even be a bullish pennant, but i'd have to check a different exchange's chart. If that's the case than expect a...
A reversal after this accumulation phase will occur after a break out from this falling wedge.
Lower price lows and higher oscillator lows along with decreasing volume mean bullish upside soon to come.
Lower lows on the chart with higher lows on the oscillator call for a strong bullish reversal.
Keep in mind this may just be confirmation bias from someone holding SHIB, but it's still something to note.
