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 signals. - Green marks strong support/demand zone. - Below the green zone is our stop loss. A candle close below this zone points to bearish action. - Above the green zone, were NULSBTC remains now, leans towards bullish...
We have an open trade for Nuls and waiting patiently to start collecting profits.
Thanks a lot for reading.
Namaste.
Note
We are already moving and we hit our first and second targets.
That's a massive 26% profits in just 7 hours. (Additional long term targets available on the main chart above).
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.