NEBL LONG TERM (2ND CHANCE) ALL TIME LOW (10% PROFIT SHORT TERM)
NOW AT ALL TIME LOW !
+10% profit potential (SHORT TERM)
Maybe we drop a little further before we go up again
Be carefull: ALTS are bleading
Neblio failed to break down the falling triangle and it has crossed its previous minor high indicating a bullish trend. To be more safe, you could wait for 1800 level + 200 EMA cross.
Stop Loss: 1700
We are doing Analysis of NEBLBTC on 1 Day Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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Pair : #NEBL / #BTC
RSI : 45.8
Note : #Neblio is one of those alternate coins that suffered from a very big loss from the downward trend formed since Mid March which counts upto 300% price level. It seems it almost finished its downward move and trying to form a reversal bullish trend. Candle stick formations looks bullish in addition...
NEBIO READY FOR SOME ACTION
It is getting squeezed inside the triangle.
A possible break out to the upside could be anticipated if the necessary volume is present
If in case it does a fake out, a possible accumulation is around 13400-12280, green box below the triangle