Price has recently re-test our Support area within our ETH pairs. In doing so we have formed a Demand Pivot on HTFs for NCASH/ETH
I would like to see expansion now towards the EQ of our Daily Supply. A break & print below our Demand level would invalidate this idea.
Twitter - Telegram
NCASH is currently in a downward trend beginning on the 3rd of September. Later today it is expected to reach the next major support level from 30-31 August. Expect a decent 1-2% bounce when it reaches this point.
So, not looking great in the short term,(probably until mid next week) possibly looking at a major momentum shift for NCASH. It appears that we are stuck in a descending channel. If the 4hr price closes below .00006008, then a drop to the mid 800's to mid 700's is likely. The rest looks pretty apparent. In the past few weeks, we really haven't seen BTC affect...
Thanks grandaddy bitcoin make it to 9700! Ncash is showing nothing but the bull. Bullflags and Healthy consolidation now , needs to keep the pink line of support it just broke into and then we are off to test the all time high since the drop
if the price did not break 0,00006377 on daily chart that means we will have more correction
i do not think we will hear a big news in the next day so i will sell some here
but guys if u want to sell here do not sell everything u have
sell about 25%
Looks like a head and shoulders is the most probable. Not much data to prove the theory, but resistance and support is becoming more clear as the candles form. Primary support at .00005948 and resistance around .00006330. What do you think?
I made a head and shoulders , or what I think is one. If my key breakout zone , breaks out like the previous breakout zone did... I will be able to increase my position with some more ncash from ether. I'll buy some ether when it shows reversal. I see it going lower for now though
FYI I have no way to validate what I see, I'm a noob