New Kind of Network (NKN) Chart Analysis With Targets (170%+)

30 Mar 2020

We are now looking at NKNBTC (New Kind of Network) on Huobi, let's see what we have here.

First, let's start by noticing how EMA200 (brown line) has been rejecting NKNBTC's growth in the past two months... This is the level to watch out for.

• If EMA200 (0.00000268) can be conquered, we can expect strong growth to take place right after.
  
• But if instead this level can't be conquered, we will have another retrace as we saw in mid-March (green area).
  

On the above chart, I marked the next strong support (0.00000184) as well as the last low (0.00000145).

• If prices drop below our main support, we still expect a strong bounce after (bold green arrow).
  
• We remain bullish long-term.
  

Thanks a lot for reading.

This is not financial advice.

Namaste.