Nuls looks strong and if the bottom is in (as it seems to be) and we look at SHSL, the first target (the 236) was hit with perfection. Waiting for the 382 and 618 to be hit next. Of course, if NULS is a real winner, we would not stop there. We should think more in the line of 1.272 or 1.414, but let's start nice and easy. Volume is rising together with price, which is a sign of healthy price development.
Recommend using the 3D chart for long term analysis, as it eliminates a lot of noise. Looks like a perfect buy area. I am in .
No need to be overly technical either. It is a textbook bullish chart. NULSUSDT looks bullish too, where a C&H formed (sometimes this can be a reversal pattern, but technically probably better to talk about a bull flag. And what a beauty it is. Confluence with the BTC target provided here.
Recommend using the 3D chart for long term analysis, as it eliminates a lot of noise. Looks like a perfect buy area. I am in .
No need to be overly technical either. It is a textbook bullish chart. NULSUSDT looks bullish too, where a C&H formed (sometimes this can be a reversal pattern, but technically probably better to talk about a bull flag. And what a beauty it is. Confluence with the BTC target provided here.
Comment:
When I said that a C&H can be a reversal pattern, I meant that where a C&H is normally a continuation pattern during an uptrend, it can also be a reversal from downtrend to uptrend, although I don't like that as much. It is NEVER a reversal pattern from uptrend to downtrend.
Comment:
Comment:
One lesson: never 'freehand' a chart. Use the fibs and be rigorous. First chart was definitely too easy and I got stopped out. Is it worth a second try?