Priceline of Nuls / Tether US cryptocurrency has formed a bullish shark pattern and entered in potential reversal zone.
Price action has hit the support lower band of bollinger bands 1st time ever.
Stochastic has given bull cross.
MACD is turning bullish.
I have defined targets using Fibonacci sequence:
Buy between: 0.4299 to 0.2650
Sell between: 0.6106 to...
Very accurate measurements for Bullish Bat Pattern.
CD leg has tested Alternate AB=CD 1.41 and current tested 1.618 AB=CD.
Secoundly, At 1.618 AB=CD level, 0,886 retracement of XA confirms the Potential Reversal Zone (PRZ)
I advise you to set your stop loss below 1.0 XA retracement.
BestEntry - 0.8988
StopLoss - 8822
Find Me Here : Telegram : "GTCGoodTradeCalls"
I was really rooting for NULS these past couple of days, but this 1hr bear flag seemed to do its job and cleared the long term support trendline and whatever ascending triangle was remaining...keep an eye on it!
After ~17% drop 4/24, NULS/USDT invalidated an ascending triangle on the 1h. Any thoughts on how this 4h AT is charted? Does anyone see a move to the upside if we close a couple candles along the trendline?