$NKN  H12 Bullish Bias Explanation

• Still has a valid bullish cypher pattern, that could peak towards the 127% extended Fib level.

• Made an evident bounce from its VAL and 75% key support trendline.

• Currently trading above the EMAs and NT, with the thread still in bearish color of purple, a sustain above it could have an impending bullish color change.

• Needs more bullish volume for a good reversal; could break both POC and VAH to mitigate the Be-OB, sending market to the designated TP.

• Market highly above the EMA200.

• TFO not making a bearish median cross despite the heavy selling of the overall market, could bounce from here on.

Key break points to WOF:

• $0.16909

• $0.17340

• $0.18435