Long

Nervos Network Power Play

The Nervos Network describes itself as an open-source public blockchain ecosystem and collection of protocols. The Nervos CKB (Common Knowledge Base) is layer 1, proof of work public blockchain protocol of the Nervos Network. It reportedly allows any crypto asset to be stored with the security, immutability, and permissionless nature of Bitcoin while enabling smart contracts and layer 2 scaling. It aims to capture the total network value through its "store of value" crypto-economic design and native token, the CKByte.

How to play? Hold trendline support go long, lose support and I'm looking to enter below a penny.

DYOR, don't be greedy, preserve your capital.

TIP - keep an eye on BTC, total 2, and SPX for indication of a breakdown or breakout.



Source*coinmarketcap.com/currencies/nervos-network/
FibonacciSupport and ResistanceTrend Lines

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