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
Sharp buying off a daily pull back to the 20 EMA. Looks set to out perform bitcoin and good risk to reward off the todays price action.
- Moment indicators neutral
- Fibonacci Confluence
- Bottom looks to be rounding out
- Broken and holding above resistance
- In a Daily...