Cornevdberg

NLG Bullisch Breakout confirmed! Target 600 SATS, time for bull

Long
BITTREX:NLGBTC   Gulden / Bitcoin
Hello Guys,

NLG broke bullisch out if its wedge , as I mentioned in my last NLG post. The target of this falling wegde is 600 SAT, which is very good news, but quite unreal for some who have seen a downtrend for the pas 2 years. Now the bulls must show some strength and push NLG there!
It is also holding the 20 Day Moving Average as support, the last time it dit that was 2 months ago, this is also a strong sign that the bear trend has found a bottom.
I would like to see some big green candles pushing us to above the 20 Week MA, to completely confirm the beginning of the bull trend.

Trade safe!

Comments

it's already 243, i think it will go to 300 sat easily for sure!?
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The right intuition for sure. It just took 4 extra months than expected but the bottom appears to be locked in on NLG at this point. The nice, long, quadruple river bottom that has formed will lead to a bull trend that will last 2-3x as long as this expiring bearish cycle and will go 3-5x the last ATH by the time it is done (2024).
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Cornevdberg doxoliday
@doxoliday, Thanks for your comment, I will be holding NLG for sure
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It's looking good so far
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