Currently we're in a symmetrical triangle, this could be a good play for short-term gains. I'd suggest we wait for the breakout to be confirmed and for the resistance to be turned to support, but after that, we should see it breakout as long as Bitcoin
doesn't plummet after the breakout which could cause it to turn into a fakeout. It has the needed volume
behind it, so I guess we'll see how it goes. But if Bitcoin
does go sideways/hold its position, and Nubits breaks out, we should see some pretty decent gains since it is a LONG way down from ATH
. As always, I suggest you constantly check the RSI
, and sell if it's overbought. Otherwise, you can use the fibs as short-term resistance levels. If it breaks through them, I'll update with further resistance levels/targets.