NKN (Binance: NKNUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, NKN began a wave one advance on October 11. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 14, and the red wave two (blue sub-waves a-b-c) correction ended on December 18. If this wave count is correct, NKN should be heading next towards the October 14 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
NKN is a "new kind" of network infra for decentralized Internet. You can watch their December AMA below.
(Sources: https://www.nkn.org/)How Will NKN Trade?
NKN (Binance: NKNUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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