NIEROETHUSDT breakout or downfall?
NIEROETH is on an uptrend with a considerable volume and I expect some actions in 830 level.
However, if the price is to break through the level with volume spike,
there's a good chance the uptrend will continue:
signaling a reversal of the 2-weeks downtrend.
This is pretty convincing due to the current flow of the crypto market.
However, if the price is to break through the level with volume spike,
there's a good chance the uptrend will continue:
signaling a reversal of the 2-weeks downtrend.
This is pretty convincing due to the current flow of the crypto market.
Comment
Comment
The price did hesitate a bit on 830 level, but the trend continued.
Looking at the 1H chart, we see considerable amount of volume before the breakout.
When is the next zone?
In 1D chart, we see around 0.125.
However, there's a good chance this zone might not be enough to stop the trend, either.
Comment
We see the reversal of trend after liquidity grab at 0.1120.
Bullish candle breaks through the 0.1120 line upward,
but the price is pulled back to the candle's low, which will be the short entry.
Stop loss would be the candle's high.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.