After the breakout from the descending channel, btc happened. Now its sitting on the upper trendline of the channel with EMA50-100-200 acting as support.
While MACD is bearish, RSI is starting to recover. No Volume.Set alerts at ~11995sats and wait for a potential bounce #NULS
NULSBTC has a support of MA50 between 0.618 to 0.786 fib retracement, this may help to form a harmonic pattern insha Allah.
I have defined the targets accordingly plz find on chart.
Atif Akbar (moon333)
Looking at the weekly chart for Nuls (NULSBTC), we can see that a strong and long term descending channel has been broken.
There is a bullish crossover on the MACD and the RSI coming out of oversold.
The daily chart:
- Is showing big volume on the last candle and a strong break above EMA50.
- All these are strong...
#NULS Big picture = Falling Wedge since August (orange).
EMA50(CYAN) acting as resistance really close to candle closes on the upside.
Zooming into current weeks. Descending triangle (red) that should breakdown before FW resistance into the 10ksats support zone.