TradingView
pepeq
Dec 9, 2021 2:35 PM

NUM 4H TA - trade setup? 

Numbers Protocol / TetherKuCoin

Description

As described in the chart, watch for possible breakout of trend line and crossing of 8 EMA and 20 EMA.

Comment

From the 1H perspective I found a resistance around 0.95-0.97 where the sell-offs are happening after the bounces from white box (support). Also if the resistance around 0.95-0.97 got broken, it usually pumped either around 10-15% or in better case 30-35%.
Comments
farshidfinancee
hi,
do u have an idea about target for next month?
pepeq
@farshidshahgholi, I see this as a short term trade, but it can either continue with the downtrend or breakout to possibly 2 - 2.5
More