#NIBI/USDT#NIBI
The price is moving in a descending channel on the 1-hour frame and we are about to break it
We have a bounce from a major support area in green at 0.0666
We have a downtrend RSI that has been broken upwards which supports the upside
We have a trend to stabilize above the 100 moving average which supports the upside
Entry price 0.0666
1st target 0.06970
2nd target 0.07179
3rd target 0.07447
NIB
#NIBI/USDT#NIBI
The price is moving in a downtrend on a 4-hour frame, and the trend has just been broken and is being retested
We have a downtrend on the RSI indicator, which has been broken to the upside
We have momentum now that Bitcoin is recovering
Entry price. 0.4498
The first target is 0.5629
The second goal is 0.6826
the third goal is 0.8306
NIB BUYING OPPORTUNITY - COCOA Nib is an ETN which invests in Cocoa futures. It has broken through a downward trendline. It appears to be setting up for an inverse head and shoulders.
Trading plan:
Buy around downward blue support line. Stop loss just under the support line.
Targets are at the neckline of the Inverse H&S and also at the previous high where the green arrow shows.
Based on my study of the patterns in cocoa, I believe Cocoa is one of the most bullish commodities at this time. What do you think?
NIB (cocoa ETF) ideawatching for a reversal at support over the next few weeks. as of now still very bearish. $NIB
NIB Health Insurance $NHFNIB $NHF
$NHF is painting a bearish flag right now. We might see lower prices.
I see correction to $5.25 or even $5.00 if $5.25 does not hold.
*** Unicorn ***This is where I lose all my Xmas present funds... and my house
... and the money i stole from my parents. There may be tears
... and no chocolate for the kids
Cocoa has had no friends! But im going to send a friend requestCocoa has taken a beating recently. It looks like we are starting to see people jumping in to catch the knife. Im stalking my prey like a lion, waiting for the time to strike. Maybe next 2 weeks.
