Free NKN (NKN) Technical Analysis Signals

Overal Signal
Hold
Signals
Neutral Neutral Neutral Neutral
Last Update / Period
19 May / Daily
Category/Currency
Cryptocurrencies/USD
Exchange/Country
CCC/--

NKN (NKN) signal with technical analysis on 19 May

On 19 May, we conducted a comprehensive technical analysis of NKN (NKN), considering 256 signals with intricate details. Here are the key findings: 69 signals suggested buy strategies, while 73 indicated sell strategies. The remaining 114 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 17
Sell Signals: 21
Neutral Signals: 26
Result: This strategy leads to a Neutral position.

Strategy 2:
Buy Signals: 13
Sell Signals: 21
Neutral Signals: 30
Result: This strategy leads to a Neutral position.

Strategy 3:
Buy Signals: 20
Sell Signals: 16
Neutral Signals: 28
Result: This strategy leads to a Neutral position.

Strategy 4:
Buy Signals: 19
Sell Signals: 15
Neutral Signals: 30
Result: This strategy leads to a Neutral position.

Overall Strategy:
Buy Signals: 69
Sell Signals: 73
Neutral Signals: 114
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your NKN (NKN) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for NKN (NKN) on , there is a tendency toward a sell signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and careful consideration should be given to overall market conditions and your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
NKN (NKN) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is recommended to find the optimal time to exit your position based on the combination of technical analysis signals. For those with a higher risk tolerance, you may wait for the market to move further in the coming days before deciding.
NKN (NKN) trading strategy for those in sell positions (short positions): If you are already in a sell (short) position, holding your position may be the right strategy based on our technical analysis consensus. However, remain cautious and closely monitor market developments.
For new positions: If you are not currently invested or are considering switching to a sell (short) position, it's advisable to evaluate the expected price range, which represents a potential downside of 41.74% based on the lowest predicted price. Before entering a sell position, ensure it aligns with your risk tolerance and investment objectives by conducting thorough research.

In all trading scenarios, it is essential to implement a well-defined stop-loss strategy to manage potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we recommend the "Predict-price" website, which provides both short-term and long-term predictions for free. This resource can aid in making informed decisions regarding your **NKN (NKN)** holdings.

NKN (NKN) Price Analysis and Support Levels:

In our current NKN (NKN) position, we anticipate a potential downward trend. It is crucial to understand the key support levels, which can serve as reference points for traders to make well-informed decisions.

First Support Level: 0.0349 We are closely monitoring the price at the first support level of 0.0349, a critical point in our analysis. If the downward trend continues and this level is breached, it would indicate strong selling pressure and potential further price depreciation.

Second Support Level: 0.0279 If the first support level at 0.0349 is broken, the second support level at 0.0279 becomes a key point. A break at this level suggests stronger downward momentum, likely influenced by market sentiment or external factors.

Third Support Level: 0.0161 If the price continues to decline, and the second support level is breached, it signals a significant shift in market dynamics. Staying below 0.0161 would indicate a persistent downward trend, with traders looking to this third support level as the next reference point.
It’s essential to closely monitor these support levels and analyze them within the broader market context. By remaining alert and consistently analyzing the market, you can make informed decisions while trading NKN (NKN). By paying attention to these support levels and considering broader market trends, you can adapt your trading strategies to the dynamic nature of this market.

NKN (NKN) technical analysis chart

NKN (NKN) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 0.0468 0.0483 0.0593 0.0616 0.069
Support 0.0349 0.0279 0.0161 -- --
 NKN (NKN) Support and Resistance area (19 May)  NKN (NKN) Support and Resistance area (19 May)

NKN (NKN) signals list for 19 May

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

NKN (NKN) candlestick patterns on 19 May

Today's NKN (NKN) Candle Patterns List:

Three Outside Up/Down Hanging Man

NKN (NKN) technical analysis over the past days

# Date Overal Signals ALL Signals
1 18 May Hold NeutralNeutralNeutralNeutral
2 17 May Buy HoldNeutralNeutralBuy
3 16 May Sell HoldHoldNeutralSell
4 15 May Hold HoldNeutralNeutralHold
5 14 May Sell SellNeutralHoldHold
6 13 May Buy BuyHoldHoldHold
7 12 May Hold NeutralNeutralHoldHold
8 11 May Hold HoldHoldHoldHold
9 10 May Buy HoldHoldBuyHold
10 09 May Hold HoldBuyNeutralHold
11 08 May Buy BuyNeutralBuyHold
12 07 May Hold SellHoldNeutralBuy
13 06 May Hold NeutralSellNeutralNeutral
14 05 May Hold HoldNeutralNeutralHold
15 04 May Buy HoldNeutralBuyHold
16 03 May Sell SellNeutralNeutralHold
17 02 May Hold NeutralNeutralHoldHold
18 01 May Hold NeutralHoldHoldHold
19 30 Apr Buy BuyHoldHoldHold
20 29 Apr Sell SellHoldHoldHold
21 28 Apr Hold NeutralHoldHoldHold
22 27 Apr Hold NeutralHoldHoldHold
23 26 Apr Hold HoldHoldHoldHold
24 25 Apr Hold HoldHoldHoldHold
25 24 Apr Buy BuyHoldHoldHold
26 23 Apr Buy NeutralHoldHoldBuy
27 22 Apr Hold HoldHoldHoldNeutral
28 21 Apr Hold HoldHoldHoldNeutral
29 20 Apr Buy HoldHoldBuyBuy
30 19 Apr Hold HoldNeutralNeutralHold

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