Nebulas: It's all systems go!

BINANCE:NASBTC   Nebulas / Bitcoin
NASBTC looking good after a strong bounce from support of the bullish symmetrical triangle. There is a small chance that this formation is a bearish pennant continuation pattern, however, looking at the 1D chart, price has had a strong bounce from triangle support, StochRSI is oversold and MACD shows potential for an upwards crossover. There is also bullish divergence showing on the 4H chart (see pic below).

Nebulas has teamed up with Nuls (NULS), Bytom (BTM) and a few others to form the Blockchain Alliance Initiative which will work towards curbing vicious competition between public blockchains and they aim to open up their isolated ecosystems to new users and developers. Nebulas already has over 6800 dApps on its mainnet, they have strong advisory and backing and not bad R:R for a short term trade.

Buy between 0.0002300 - 0.0002400

Target 1: 0.0004030 - 0.0004220

Target 2: 0.0004520 - 0.0004780

Stop loss: 0.0001900

Good luck and happy trading!

Comment: To be on the safe side, take partial profit at the triangle resistance too: