The previous pitchfork has broken down and the support has become the major resistance. Short-term we are in the decending pitchfork with 54.9 sats being the top resistance line, going lower. Generally follow the pitchfork and once we break upwards from the PF, seek the previous support (now resistance, bold line) to be next target to break. Short-term, I'm...
Nimiq has caught very strong support on the 100 day moving average and it coincides with previous resistance & support and major buy area. Nimiq could be caught range bound here for a little a while but make no mistake this is an accumulation zone until it makes it's next move. There is very good opportunity for a very nice swing trade here. Easy 2 to 3x trade...
I'd give a 50/50 chance of breaking in both directions, we'll see how it goes quite soon. Pay attention to SR lines.
RSI on 15, 1hr, 4hr looks nice, NIM is in a bull flag, looks good
NIMBTC nimiq may have strong growth, reached the bottom line of the channel ... roughly drew a possible movement
If BTC rally continues maybe we might break new heights soon but I tend to think we need to be careful especially if BTC takes a correction soon.
Price is touching the monthly uptrend
As mentioned in my previous analyses , we have small support at 0.50 stats with a possibility of breaking that support and chase the next Fibonacci level bringing the price around 0.37 sats. I was able to spot a Falling Wedge pattern that aligns really well with 0.37. Volume is also decreasing with the price is a bullish sign, are we ready to break up?
NIM has had quite a ride and a huge correction was bound to happen at some point, here are 3 possible scenarios that could play out. I have 3 entries at these levels - each 25% of my usual stakesize.
Descending triangle with the possibility to break up or down, huge movement coming ...
Nimiq broke the top of the ascending broadning wedge and printed a new ATH. Maybe will see more upside movement bringing the coin to the top 100.
Nimiq has recently seemed to perform well when both BTC is up and down. What is the step? Here are my recommendations to follow. 1. If BTC rises and Nimiq breaks through the flag formation buy more. 2. If Nimiq is due for a correction, wait until the next bottom to buy in again. I mostly think about two things these days, when will Nimiq enter a top100 market...
Nimiq is still in the previous pitchfork zone, plus in ascending triangle pattern. If it will follow, then probably sideways accumulation phase until 20 july or so. After that a potentially high breakout to 60 sats.