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NKN - NKN/USDT
NKN - NKN/USDT
- USDT (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: NKNUSDT
ISIN:

NKN - NKN/USDT - 1H - Technical analysis published on 12/17/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 0.122502 USDT
My targets
0.125990 USDT (+1.87%)
0.133588 USDT (+8.02%)
My analysis
The bullish trend is currently very strong on NKN - NKN/USDT. As long as the price remains above the support at 0.122502 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.125990 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.133588 USDT as an objective. Crossing it would then enable buyers to target 0.140191 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

MOHAMMED ALAMERI
This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:
Daily Weekly

Additional analysis

Quotes

The NKN - NKN/USDT rating is 0.123672 USDT. The price has increased by +6.82% since the last closing and was traded between 0.112219 USDT and 0.124814 USDT over the period. The price is currently at +10.21% from its lowest and -0.91% from its highest.

0.112219
0.124814
0.123672

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of NKN - NKN/USDT in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour


Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour



In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Black hanging man / hammer

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.111440 0.116889 0.122502 0.123672 0.125990 0.140191 0.308800
Change (%) -9.89% -5.48% -0.95% - +1.87% +13.36% +149.69%
Change -0.012232 -0.006783 -0.001170 - +0.002318 +0.016519 +0.185128
Level Intermediate Major Intermediate - Intermediate Major Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0983540.1024310.1091010.1131780.1198480.1239250.130595
Camarilla0.1128170.1138020.1147870.1157720.1167570.1177420.118727
Woodie0.0996520.1030790.1103990.1138260.1211460.1245730.131893
Fibonacci0.1024310.1065360.1090720.1131780.1172830.1198190.123925


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0862320.0951400.1054560.1143640.1246800.1335880.143904
Camarilla0.1104850.1122480.1140100.1157720.1175340.1192960.121059
Woodie0.0869360.0954920.1061600.1147160.1253840.1339400.144608
Fibonacci0.0951400.1024840.1070200.1143640.1217080.1262440.133588


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0580670.0722900.0929030.1071260.1277390.1419620.162575
Camarilla0.1039350.1071280.1103220.1135150.1167080.1199020.123095
Woodie0.0612610.0738880.0960970.1087240.1309330.1435600.165769
Fibonacci0.0722900.0855980.0938190.1071260.1204340.1286550.141962

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 64.56
MACD (12,26,9): 0.0017
Directional Movement: 21.306661
AROON (14): 28.571429
DEMA (21): 0.119435
Parabolic SAR (0,02-0,02-0,2): 0.123741
Elder Ray (13): 0.003666
Super Trend (3,10): 0.113781
Zig ZAG (10): 0.122084
VORTEX (21): 1.1192
Stochastique (14,3,5): 74.08
TEMA (21): 0.120390
Williams %R (14): -16.21
Chande Momentum Oscillator (20): 0.010658
Repulse (5,40,3): 4.4937
ROCnROLL: 1
TRIX (15,9): 0.1453
Courbe Coppock: 8.28
MA7: 0.112071
MA20: 0.113935
MA50: 0.106007
MA100: 0.095480
MAexp7: 0.119848
MAexp20: 0.116903
MAexp50: 0.115128
MAexp100: 0.113643
Price / MA7: +10.35%
Price / MA20: +8.55%
Price / MA50: +16.66%
Price / MA100: +29.53%
Price / MAexp7: +3.19%
Price / MAexp20: +5.79%
Price / MAexp50: +7.42%
Price / MAexp100: +8.83%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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