Neblio showing multiple bullish divergences giving a nice set up
NEBL is set up nicely, given bitcoin does not start to dump below $6000. On the 4 hour chart it is exiting the oversold region and looking fairly bullish with a lot of bullish divergence yet to play out. Having caught support at the same level as the previous dip a few weeks back, this could be forming a nice bottom for NEBL and the Risk to Reward ratio is unusually high since NEBL has corrected a lot since the start of the year, pulling more than a full retrace.
Comment:
bullish divergence played out shortly after, giving a nice 10% return before retracing again
Trade closed manually
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