With Bitcoin trending well above 4000$ for the past month, the market sentiment has shifted and NULS is not falling behind.
NULS was trading a range for 108days. The mid-term spike, backed by volume, to 0.00015BTC got my attention and NULS has been trending ever since. The bullish trend (HH>HL) is intact ever since the 10th of Jan low, puncturing through...
Nicely retraced near bottom. One final retracement can happen around 104.
Volume increased %160 in 24 HR, %400 in 3D.
Liq index: %13.04
Live Fibo: %56.89
RSI bottomed. 28.43 in H6, 28.36 in H12
I stumbled upon, nuls and saw some strong arguments that we have a positive trend.
However since BTC is leading the "pump" we are not in a bull market yet, we can say we are in a bull market if we break macro ms levels around 5.830 on Bitfinex (preferbly above 6.4k ranges...)
As you can see for Nuls we are close to critical levels and we have historical support...
Nuls looks strong and if the bottom is in (as it seems to be) and we look at SHSL, the first target (the 236) was hit with perfection. Waiting for the 382 and 618 to be hit next. Of course, if NULS is a real winner, we would not stop there. We should think more in the line of 1.272 or 1.414, but let's start nice and easy. Volume is rising together with price,...
RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
My path doesn't seem like anyone. I'm like a MONK, always studying to find the direction that prices will follow. I will feel very comfortable if the price goes exactly in the...
Nuls looks likely to outperform bitcoin here with a nice setup on the daily chart
Reasons to buy -
Momentum is heading positive
Finding support at 50 SMA
Above 200 SMA
50% retrace holding as support
Daily uptrend forming
Broke out of resistance and is holding on a retest
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 Trying to get some traction from support level at 11500sats..
For now volume seems not enough for a breakout but worth keeping an eye on the following hours/days to see how it evolves...
In case that this moves up, 13800sats should be our 1st target.