NCT - Neutral to slightly bullish

Updated

NCT I'm still bullish but we did hit 0.019 a few days ago, so I expect a move back to the midline of the channel since we didn't have a golden cross or punch through the 50 AND 200 day moving averages. I'm neutral on NCT until wee see confirmation of price action above 0.018. I'll be watching for sell signals on the daily but overall, we've retraced quite a bit from ATH and we can very well see a hold in this range or sideways action for a bit.

Note

NCT did not punch through yet which is mildly concerning, I'll be eyeballing 0.012 to potentially get back into this one. I'm thinking we need ETH ETF to move some new cash into Crypto markets to have a nice turnaround and I consider this as a long play higher risk than some other charts that are more juicy.

Trade closed: target reached

Taking some profit here.

DClayton

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