Nuls (and most altcoins) stuck in downward trend vs. BTC.

Using Nuls as an example: since I was considering if I should buy some now, due to my personal interest in its fundamentals. However its chart, like with most other altcoins, look horrible at the moment.

Here, the chart shows NULs finding support on top of the thick-green LVDT line on the 3hr chart (note, for BTC, the 3hr, as well as 4hr, and especially the 1D chart works better).

However, LVDT guide bands are in an overall downward trend vs. BTC. I will wait till the overall LVDT bands to plateau before I am confident of investing into altcoins again.

My indicators used:
LIVIDITIUM + 2STDEV-AEONDRIFT {EMA}

LVDT guide-bands + 2 level Standard Deviation bands + with a set of detection algorithms implemented.

FUSIONGAPS {EMA} ( color fills removed here)

Net market Bullish/Bearish state oscillator, with DFG and D2FG indicators implemented.

also check out the following accompanying oscillators.

• DIFFERENTIAL FUSIONGAPS {DFG} = Momentum oscillator
  
• DOUBLE-DIFFERENTIAL FUSIONGAPS {D2FG} = Accelerator oscillator
  
• Also the FUSIONGAPS{EMA} 50/15-Series = that shows the FG, DFG, and D2FG lines for 50/15 {EMA}
  

{SMA} version also available.

Comment:

I will become neutral towards Nuls, in this example, once the DIFFERENTIAL and DOUBLE-DIFFERENTIAL FUSIONGAPS (i.e. DFG and D2FG) oscillators goes positive (preferably with a steep positive slope) + price goes above the green trend line with conviction.

I will consider taking up an investment position if price goes above the higher pink trend line and finds support.

Comment:

Woops. Just realised that I had accidentally deleted the relatively horizontal green trend line. It is presently at ~0.000051 BTC.
Also will be looking at whether the Ichi-cloud turns green ahead.

However, as mentioned, the overall parallel LVDT band levels are still sloping downwards. Need to have that turning around before we can have a longer-term bullish trend.

Comment:

NULS closed above the blue conversion line! Bought in a tiny position 4hrs ago @ 0.00004848 BTC, with stop-loss set at 0.00004788 BTC.

Both the FG and MAJ have or are turning bullish. With the FG acceleration oscillator crossing into the positive + both MAJ acceleration and jerk oscillators as well as the FG momentum heading sharply towards positive.

Now the 3rd green candle in a row is forming. But will still need to closely watch how the price and indicators interacts with the top pink trendline @ ~0.00005300 BTC.

www.tradingview.com/chart/mEDuoRib/

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