Welcome! I've been learning/practing technical analysis for awhile now and have recently learned a lot about price action. I plan to publish my thoughts at least once a week. My goal is to practice, improve, learn and hopefully share some knowledge with the community. Please feel free to challenge and question me (respectfully). This is also not financial advice in anyway and is meant for entertainment. PSA: Don't look for advice from random people online!
Unfortunately, not much has changed for NULS since last week.
Daily chart:
NULS is still above the June low and holding above the EQ of the 1W bullish order block. This area has provided support for sometime and this is the 2nd time NULS has found support here. NULS has made some lower highs recently and volatility seems to be lower. You can see the candlebars are getting a little tighter recently so perhaps a move is coming one way or another. Below the current levels there is some support but I think breaking down much further is probably a bad sign for NULS(and other alts to be honest).
4H chart:
NULS also undercut last week's lows already. I'd still like to see it cut below the June lows to grab liquidity and push higher(see last week's analysis). I'm still a buyer at these levels and plan to hold this position long term. I'm going to target at least prior week's high and ideally the swing high from 7/09 before considering a swing trade to pick up more NULS at a lower price(grow my stack).
Unfortunately, not much has changed for NULS since last week.
Daily chart:
4H chart:
