Remember the MA200 bullish signal?
Prices tend to gravitate towards the MA200 black line.
Right now, for NULSBTC MA200 is sitting at 0.00002035, we can see the indicator line trending lower.
At the same time, we can see the candles for NULSBTC trending higher...
Here is the full previous chart so you can get the full picture:...
- Falling wedge already broke out.
- 1st wave already done and going to build up a retracing 2nd wave and a spike third wave.
- volume needs some more pressure.
- RSI at 66 which shows there is still some space.
It is actually a very risky move since it have both a downward and further upward move probabilities.
Trade cautiously with a strict...
Showing a spike in volume as its facing 1st resistance (~1300 sats) w/ UCTS Buy signal
-80% since July (😬), feels like any recovery following the current market status could lead to a big upside..
For now wait for a break above this level as signal of continuation
NULSBTC is now trading above EMA50 while aiming to hit MA200.
We have a nice 135%+ of potential profits from the current price up to this level.
When you see the MA200 line curving down, prices tend to curve up... The candles are attracted to this line in a way. This is a simple signal.
Please keep in mind that you still need a plan/strategy to trade. The...
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This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't...
Technical reasons for the trade:
→ Double bottom price structure
→ 1.13 fib extension reclaimed as support on good volume
→ MACD, RSI, OBV divs
→ Gap in VPVR above
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We traded NULSBTC short-term, right before the 11-Nov. price jump.
This move took out multiple targets for us...
Great, thanks... Now, here comes another round of growth.
This is a solid setup, here you can have very low risk with high potential rewards.
The stop-loss can be set at only 10-15%, while the target can be at 100%, 250%, and up to 450%.