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Price may react to Fibonacci lines. Line 0=7100 Fibonacci can be considered as resistance
in the chart:
Targets: 5500 . 6200 . 6800
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Things can change...
-Neblio is now testing major support area around 4300 sat range
-This is an important level of support and it must not break below
-Because if it does, longer consolidation or price discovery will take place
-If you are a support buyer, this area is perfect for you
-With a proper stop loss below the green support
-The potential target is the...
it has growth potential
if it reaches line 5800 will grow well
two lines support:4800. 4450
Targets: 5800 .6400 .6950 . 7400
now the best of price to buy
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It is a strong buy. However, it has not hit resistance so we might see a sell signal soon. Therefore, I am in a neutral position. We need to wait since crypto engineering gave a buy signal in May which is long time ago. There is however, a golden cross signal from crypto engineering.
See how many times the price has made traps for the buyers, this happens in assets with low liquidity, and a big player sell order can bring down the price considerably.
I recommend everyone stay out of assets with charts like these.
Opened a small position in NEBL.
Still sitting in classic accumulation range (chart setup somewhat resembles Navcoin).
Next few days will show if there will be a spring down to grab more liquidity and shake out bagholders. Will be adding a lot more if it dips into Spring range.
Weekly bullish RSI divergence throughout entire accumulation range.