$NKN [1W] - Bull market targets

New Kind of Network is one of the surprise gainers of this bull market.

Bear market 2018-2020

Price corrected in a ABC correction wave (white)

Bull market 2020-2022

• 0-1: first impulse wave

• 1-2: first corrective wave

• 2-3: second impulse wave

• 3-4: second corrective wave

• 4-5: current wave (i-ii)

Targets

The strongest targets are Fibonacci extension levels of the bear market 'cup' that coincide with the extension levels of the 3-4 wave.

• ~$2.8

• ~$6

Tip: in the tradingview chart you can press the play button, to see how price evolved after this analysis was made.

More info: https://nkn.org/