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NKN/BTC TA Update (Bearish Pattern Confirmed?)
NKN/BTC
NKN broke bearish with this descending triangle pattern after the price closes below 264 sats area. NKN tried to get back above the support area
but the Daily EMAs acted as dynamic resistance and the price fell further. This bearish pattern target to the downside is between 170 - 160 sats area.
It is not wise to trade Long positions as the downtrend is just starting. Wait for confirmation before entering a trade.
NKN broke bearish with this descending triangle pattern after the price closes below 264 sats area. NKN tried to get back above the support area
but the Daily EMAs acted as dynamic resistance and the price fell further. This bearish pattern target to the downside is between 170 - 160 sats area.
It is not wise to trade Long positions as the downtrend is just starting. Wait for confirmation before entering a trade.
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