Ncash, long downtrend since May a year ago
Along this downtrend Ncash showing 3 Pattern that you can see in the chart above, simply zoom it out
The first pattern is DESCENDING TRIANGLE as continuation pattern for downtrend.
Second is DESCENDING CHANNEL but the channel is breaked down.
And the last one is ASCENDING TRIANGLE as reversal pattern and now we are here.
The support area for Ncash is 25 - 26, if it jump from here and break 29sat and doing retest with succesfully it might going to 32 as first target and 42 as next target.
Weekly RSI is oversold and moving up.
Daily RSI is trending up and trying to cross 50.
Let's see how is this Ncash playing now
Idea only, do with your own risk.
Along this downtrend Ncash showing 3 Pattern that you can see in the chart above, simply zoom it out
The first pattern is DESCENDING TRIANGLE as continuation pattern for downtrend.
Second is DESCENDING CHANNEL but the channel is breaked down.
And the last one is ASCENDING TRIANGLE as reversal pattern and now we are here.
The support area for Ncash is 25 - 26, if it jump from here and break 29sat and doing retest with succesfully it might going to 32 as first target and 42 as next target.
Weekly RSI is oversold and moving up.
Daily RSI is trending up and trying to cross 50.
Let's see how is this Ncash playing now
Idea only, do with your own risk.
