NULS/USDT pair has successfully retested the Neckline of the Inverse Head and Shoulder pattern after a high volume Breakout. Now, according to Wyckoff Accumulation Schematic, we need to see a Breakout of the AR resistance area (Red Area) to get to SOS .
I can't stress enough how important this Wyckoff Accumulation Schematic is. Very easy setup with high reward. you can go back and check my analysis on IOTA/USDT Pair before the last explosion. Here is some snapshots to illustrate the setup:
The volumes went up while growing.
There has been no bullish growth yet.
I'm waiting for the correction and for the growth to continue.
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Weekly Chart - Trendline breakout.
On this chart, I am mapping the next potential targets based on Fibs.
I hope this will help you set your profit targets.
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and are therefore are unqualified to give investment...
0.23USD showed to be a strong resistence to nuls. A funnel formed and give potencial for a head and shoulders pattern to run the next days/weeks. Its just a idea. Make your own study. Im not a financial advisor.
Nuls / usdt
Price currentnly Test major support for the coin
Also we can see some daily bullish rejections and some of consolidations formation in the support
+ Bullish divergence
From all that signs we expect nuls test the
trendline resistance again
💎Technical Analysis Summary💎
-NULS bounce off at previous key support area
-But the small rally is starting to fade off
-If NULS can show any Bullish signs
-A good retest of recent support to form a Double bottom
-That would be a good indication from the buyers
-You can aggressively enter the green area with tight stop loss
-This coin is testing the major support area for the 2nd time
-We can see the price is currently holding at his level
-Also, the 200D MA dynamic support is following the price
-Can we expect another bounce reaction within a few days?
-The answer is Yes if Bitcoin will start to settle down
-But I recommend entering on the breakout of trendline...
💬 The NULS + Nerve Network and Bitcoin staking services news is almost as bullish as the potential bullish reversal we are seeing on NULS's chart. Let's take a look at some different timeframes to see what NULS is up to.
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-the price has retraced over -30% from the top
-approaching a potential area of support
-this zone was a previous resistance and could flip to new support
-enter a buy position only if there is bullish strength or reversal signs
-but if the 1st green support failed
-the next area to watch is somewhere in 4000 zone