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xtreeme99
Aug 30, 2020 7:12 AM

Nimiq - long term resistances to break Short

Nimiq / BitcoinKuCoin

Description

The previous pitchfork has broken down and the support has become the major resistance.
Short-term we are in the decending pitchfork with 54.9 sats being the top resistance line, going lower.

Generally follow the pitchfork and once we break upwards from the PF, seek the previous support (now resistance, bold line) to be next target to break.

Short-term, I'm bearish and looking to sell above the middle of pitchfork and rebuy below the middle of pitchfork.
Comments
Juergensan
Looks like a breakout in November?
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