NKN Challenges EMA50 | Aims At 222.2% Mid-Term

2 Jan 2020

NKN (NKNBTC) is now challenging EMA50 sitting at 0.00000279 BTC. If this level is conquered, we can see NKNBTC move higher... Let's take a look at the chart!

• First, we can notice how NKN broke below support (0.00000270/EMA10) for a few days and now is moving back up.
  
• As prices move back above EMA10 and now challenge EMA50, we can also see a clear increase in trading volume.
  
• We also have our trusted RSI being strong above 50, and the MACD showing a bullish crossover.
  

Chart:

It is likely that this pair will now move higher, according to the signals above.

Conditions for change
If prices move and close below 0.00000230, the above signals are invalidated and we see NKNBTC as bearish rather than bullish.

Thanks a lot for your support.

This is Alan Masters.

Namaste.