TiborVrbovsky

Can NCASH continue with its bounce?

Hey, I am back with another Technical analysis , this time looking at Ncash, solid project.

Nucleus Vision is an IoT & Blockchain based, contactless identification system, using $nCash cryptocurrency to enable transactions across retail ecosystem.

Okay, so I am looking at Ncash for a while now, and I was trying to find perfect position. I wanted to post this TA yesterday at price 238 but I wasnt that sure if this is gonna be succesful but I bought at this level, and I wasnt the only one, most of my Discord community members saw the chart
I´ve posted and got their position around that level too.

Lets just proceed by looking at the chart.

On the chart you can see that Ncash was launched to the first exchange at 2/27/2018 and since then it seen its all time low at 220 being really oversold and followed by strong breakout (146%).

This time Ncash has fallen at level of 221 and bounced of this level which has formed double bottom in RSI and even in price.

What needs Ncash to remain in uptrend and continue with this bounce?

Break EMA .
Break Downtrend line.
Break 40 RSI level and found support at this level.

So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my Discord channel!

Hope I made your view on whats going on with NCASH somewhat clearer.
If you like this Technical Analysis let me know in the comments, Likes are aprreciated, Thanks !

If I see something worth to share on the chart I will surely do an Update.



Comment: Uptrend about to head to fight with the downtrend line
Comment: 220 holding tight even in hard times.
Comment: second try
Comment: downtrend is still some, but what happens when the downtrend and support level meets? Lets see

Comments

Really appreciate your work. Any stop loss on this? I'm in at 239
Reply
@aking414, I dont use stop losses, but If you really want just go with 216.
Reply
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