Another cup handle formation in progress. Looks like it is reversing from it's bottom.
If the cup holds, it can go 1800% to the upside, up to 8400 sats in about over a year. This could test patience but the rewards would be great.
Setup invalidated if:
- Cup handle formation broken (due to BTC's crazy moves)
- Any FA wrecks this project
NCASH is in super bad situation but we will give it the last chance.
We can buy some NCASH at here on Huobi and wait to sell around 300sts
If it drops below 2.3sts, I think we will see it at 1.4sts and we will say bye to it!
Previously I have posted chart where the price action of NCASH formed bullish Butterfly. And at that time the price action was moving above the potential reversal zone of this harmonic pattern. And at that time I was expecting soon it will enter in PRZ level to give us buying signal. And eventually it entered in potential reversal zone and moved up for more than...
India Government Unbanned Cryptocurrency and now a nation of investors will buy crypto!
Why is this Important for N C A S H!
It’s base of operations is in India with a market toward a Billion Ppl!
The project is heavily invested in retail locations in India and the world!
The news comes at alltime low prices!
I expect the dead cat bounce to slowly reverse...
Let's start by looking at the long-term chart for NCASHBTC (Nucleus Vision).
A new low hit just recently, marked with blue on this chart.
5 consecutive weeks going green with prices trying to move above EMA10 for the first time since December 2019.
If we zoom out, we can get more targets and the total potential profits...
Price break above massive downtrend trendline. This worth to keep an eyes on and accumulate price down towards 6sats zone.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss according to our risk management.
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