NULS Analysis 8/21/2018
Updated
Welcome! I've been learning/praciting technical analysis for awhile now and have recently learned a lot about price action. I plan to publish my thoughts at least once a week. My goal is to practice, improve, learn and hopefully share some knowledge with the community. Please feel free to challenge and question me (respectfully). This is also not financial advice in anyway and is meant for entertainment. PSA: Don't look for advice from random people online- learn and create your own ideas for trades!
4H:
Jumping right to the 4H chart NULS has been ranging between two 1D order blocks(bearish vs bullish). Right now it is testing bullish support for the 3rd time. It has made a series of higher lows but also lower highs. I'm watching this area carefully as a break below it may offer a chance to sell and rebuy lower. It has done a decent job staying above the orderblock equilibrium but I'm wary of it being below there now. There is also a 3D bearish OB that could be resistance on a retest. If this area provides a rejection I may look to sell here and look for support to falter below. My long term goal is to accumulate as much NULS as I can so don't take my outlook on the price as a negative view of the project.
1D:
Areas I'm looking to rebuy if support breaks.
4H:
Jumping right to the 4H chart NULS has been ranging between two 1D order blocks(bearish vs bullish). Right now it is testing bullish support for the 3rd time. It has made a series of higher lows but also lower highs. I'm watching this area carefully as a break below it may offer a chance to sell and rebuy lower. It has done a decent job staying above the orderblock equilibrium but I'm wary of it being below there now. There is also a 3D bearish OB that could be resistance on a retest. If this area provides a rejection I may look to sell here and look for support to falter below. My long term goal is to accumulate as much NULS as I can so don't take my outlook on the price as a negative view of the project.
1D:
Areas I'm looking to rebuy if support breaks.
Comment
Missed that long wick up but, I am a little bit optimistic. You can see on the 1H a prior resistance block is now offering support. Maybe NULS can rally some off of this. The closes back below the bearish 3D OB aren't great but another good push might be able to soak up all the sell side supply we have been seeing.
On the fundamentals side, NULS has had a good amount of news so maybe that will help trigger something.
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