Price of NUUSD now located at local bottom, developing cup and handle pattern. Might have very nice bump in price up to $0.3-0.35 zone.
Buy zone spotted in 0.22-0.20 area, with stop loss below it.
NU has gained some very good momentum at the moment.
We are about to hit a resistance area for the third time over the last 30-days. We've been harshly rejected each time.
You can refer to the chart above for the red resistance box above the price for where this area is. I do believe that upon breaking this heavy resistance, we should finish out...
I made some good money when this was released on Coinbase and have been watching the correction since. I believe it is complete and ready to start wave 3 of the primary wave 3 and we could see a rally to 0.38-0.40 area (TP1). That is 100%+ gains. I have been patient and have now deployed some cash to watch it go. SL 0.155.
There is Fib Extension Convergence at...
Watching this wedge the next few days. Back to consolidating at prior support. Would ultimately like to see us break .24 and .27 to a retest of .35. With Alts going up Nu may benefit from the pressure.
This my view, not an financial advice. I think the 2 orange lines are very important for the further development of this coin. A break out on the top orange line could mean breaking the .25 and .29.
A break out at the bottom of the orange line could bring us back to .016.
Let's see what's going to happen!