Below, is a full, in-depth dissection of NULS/BTC.
In the chart above, we can see NULS/BTC on the H4 chart.
From what we’re seeing above, it appears that the price is resting at a firm support point. We’ve identified four different times where that support point has been successfully tested above.
However, it is worth noting that the last test of the support point did not yield as amazing of results as the previous two tests:
Zerononcense Bands for NULS/BTC
The price is outside the bottom of the ZN Bands (trades just like the Bollingers’; custom indicator). So, there could be a slight bounce due to that.
Relative Strength Index(14) for NULS/BTC
RSI(14) for NULS/BTC isn’t really looking that promising though. Steady downtrend over the last few periods on the H4.
Let’s see what the RSI(14) shows us on the daily, instead.
Again, nothing to write home about.
Conclusion NULS/BTC is a pass for the moment (in terms of entering a position) in our books. We have concrete or definitive ideas for NULS for the time being.
So, as of right now, this will be put in the ‘wait and monitor’ category. If there is anything interesting that comes out of NULS/BTC, then we’ll be sure to note that ASAP.