Pair: NULS/BTC Exchange: Binance Trade Duration: Short Risk: Low
Introduction
NULS is a global blockchain open-source project which is a highly customisable modular blockchain infrastructure; it consists of a microkernel and functional modules. NULS provides smart contract, multi-chain mechanism, and cross-chain consensus. It aims to break the technical barriers of blockchain, to reduce the cost of development, and to promote the usage of blockchain technology in the commercial field.
Technical Analysis
- Bullish RSI divergence - Nearing apex of symmetrical triangle - Higher low - Previous pump wore down resistance zones, therefore there should be limited bids and they should be easier to break - We would like to see a close above 0.0001100 BTC to confirm mid-term downtrend break - We expect our targets to be met within 3 weeks at which point we will re-asses as to whether or not we think it will trade higher in the coming months
Our Entry Zone
0.00010500 - 0.00011184
Our Targets
1: 0.00012334 2: 0.00013175 3: 0.00016542+
Our Stop Loss: 0.00010000
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Axsonex Team
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DISCLAIMER: This analysis is not financial advice and the Axsonex are not financial advisors. We are sharing our opinion, nothing more. Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.