#NIBI The price is moving in a downtrend on a 4-hour frame, and the trend has just been broken and is being retested We have a downtrend on the RSI indicator, which has been broken to the upside We have momentum now that Bitcoin is recovering Entry price. 0.4498 The first target is 0.5629 The second goal is 0.6826 the third goal is 0.8306
Nib is an ETN which invests in Cocoa futures. It has broken through a downward trendline. It appears to be setting up for an inverse head and shoulders. Trading plan: Buy around downward blue support line. Stop loss just under the support line. Targets are at the neckline of the Inverse H&S and also at the previous high where the green arrow shows. Based on...
watching for a reversal at support over the next few weeks. as of now still very bearish. $NIB
NIB $NHF $NHF is painting a bearish flag right now. We might see lower prices. I see correction to $5.25 or even $5.00 if $5.25 does not hold.
This is where I lose all my Xmas present funds... and my house ... and the money i stole from my parents. There may be tears ... and no chocolate for the kids
Cocoa has taken a beating recently. It looks like we are starting to see people jumping in to catch the knife. Im stalking my prey like a lion, waiting for the time to strike. Maybe next 2 weeks.