$NCASH #NCASHBTC ready for a bounce from the 61.8% fibs again?

Hello Lads and Ladies,

As requested we are looking into NCASHBTC today. Since its initial push from March 8th it has respected the fibs lines very hard. My procedure was here first to make support/resistance lines which you see at the raw chart and then overlay the fibs retracement. After adjusting a little we see almost every single one fits just right.
Right now we see the chart sitting right above the 61.8% fibs line and the last time NCASHBTC has had quite a big push. This is very likely to happen again and it even seems to be forming a cup and handle formation.
ANYHOW, it has reached the 61.8% line on a smaller scale already two times in the last days and has been bouncing up and down between the 61.8% and 50%. As it just tested the 50% line and has been rejected, it will be testing the 61.8% again. From this point it will either retrace even more possibly even to 100% fibs or it will have its bounce and confirm the cup and handle formation. From where it would retrace again and then continue its push even possibly to new highs. At this point its dependent on the movement of the whole market and the news.

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Cheers, Tomas

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