Short

Bears are in Control.. For Now

Updated

During NU's last climb in February, NU made two clear bull flags before the last break upwards before the downtrend. More recently Nu has made 1 bear flag and is currently making one last bear flag before NU's next climb... or so I hope. Looking at the MACD, the bears are still in control but they are weakening. In the bigger picture, NuCypher follows Bitcoin's move pretty closely, so it all depends on how BTC decides to move. Short term, I am bearish, but long term, and am extremely bullish. I am biased because I love the project, and I see so much price potential.

I wish you all prosperous and happy trading!!:)

Note

If NU bounces off of the $.59 level a double bottom will have been made and upward movement is to be expected

Jet856

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