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NU

$NU more downside to $.38-.52 before price reboundsUpdating my thoughts on $NU. While I still think we'll eventually get to $3 in price, I think there's further downside to come before we get there. Potentially another drop of around 30-50%. BTC is continuing to correct which leads me to believe that the alts will get hit hard if BTC starts falling sharply. I think $NU should find support somewhere in the $.40 region. I have bids set at $.42, however I think we might end up finding support in the $.48 range. I've put the 4 levels of support I can see us stopping at. I don't see price changing bullish until price action moves outside of the bearish channel. Once that happens, I can see us recovering back up to the $2 range on a big BTC bounce. Will update my analysis to a bullish view after it looks like we've formed a bottoming pattern.
NShort
by benjihyam
9
$NU new targets and timeframe analysis $.93-$3 by Nov?Updating my analysis one more time based on price action and my updated view on alts and BTC. What's hard for me to assess is how high $NU goes. There's essentially two scenarios that I'm weighing right now. For either outcome to take place, $NU needs to get above the $.65 green line for price action to turn bullish. After that, then there are two separate scenarios that I'm looking at: Scenario 1) I could see price moving really quickly once breaking $.65 to break the ATH at $1.14. If this happens, I think the most likely scenario is for price to surge up to $1.46, consolidating back to around the $.87 range, and then making another move higher towards the $3.07 range as the final high in Mid Oct/Nov. This could all happen very quickly, just like the move did in Feb. Scenario 2 (less bullish) I could see price breaking the $.65 level and then not breaking the ATH high - price moving somewhere between $.98-1.10, and setting up for a longer term lower high on the chart, which would send price lower over the long-term. In either scenario, I'd see price action playing out before November 9th - the last pivot on the chart. I've marked key dates for changes in price action and currently looking at the week of Oct 18th for a cycle top. I've also marked off important resistance levels on the way up. If any interpretation changes, or as we get updated price action, I'll update in the comments below.
NLong
by benjihyam
25
NuCypher Fundamentals are very BullishCheck out these Fundamentals, which means potential future involvement in major corporation, and potentially Government contracts. The rumor of KEEP and NU merging to form Keanu seem to be a reality, as NU benefits KEEP by providing its validators. Nu was also recently added to Coinbase, as well as Coinbase Institutional. Tesla had made news recently from ELON tweeting about blockchain often, and then the company buying Bitcoin itself. Tesla, Bitcoin.. Hmm. BITCOIN is not energy efficient. Yet! 1. Elon tweeted about giving away 100 million for whoever could capture carbon in a game changing way, in December. 2. In February it was announced that this was in collaboration with 'Xprize Carbon Removal'. 3. Xprize had previously made the news with Ocean Protocol and IBM, the headline stated: Ocean Protocol Foundation and IBM Watson AI XPRIZE join forces to bring Data and AI together. This roadmap concludes Q2 2021 4. Double Checking Ocean Protocol Website, XPRIZE is listed under Enterprise Partners. 5. VERY RECENTLY, XPRIZE sponsors and partners have been updated, showing 3 total. The first 2 don't lead anywhere to blockchain, but the 3rd... Is very interesting. Creative Destruction Labs. www.creativedestructionlab.com (Theres the 100M from Elon Musk at work). Creative Destruction Lab (CDL) is a nonprofit organization that delivers an objectives-based program for massively scalable, seed-stage, science- and technology-based companies. 6. When searching CDL website, there is not much on blockchain. It shows the sponsors are Tesla and XPRIZE bigwigs, but when searching under companies, 'Alumni they have worked closely with in the past', the 1 and only blockchain related project is... NuCypher. www.creativedestructionlab.com 7. March 2, 2021: dlt.mobi I will quote that article to save you the time - "The Working Group is co-chaired by DENSO, with support from Accenture, AMO Labs, Cognizant, Constellation Network, Continental, CPChain, DMX, Fifth9, Filament, Ford, IBM, NuCypher, Ocean Protocol, RouteOne, ShareRing, Swedish Blockchain Association, and Toyota Insurance Management Solutions (TIMS)." There it is again. Im Bullish.
NLong
by Shwayze
5
Short term NUHere's what I'm looking at for the short term with NU, maybe finishing out the month under $0.40. I have heard a lot of ideas about BTC just moving sideways for a while which makes sense and I think this one will really follow the moves of BTC until it breaks out of the descending wedge, then fib levels to break as shown. Realistically I can't see it getting up to $0.50 any time soon unless it's pulled up by the market itself. Going to try and accumulate some more through technical trading over the next week and hopefully October will be a great month for all the alts.
NLong
by scrom_indicator
4
$NU targets $.98 - $1.04 by SeptemberI'm updating my last analysis from a more bullish view to a less bullish view on $NU, changing the original target of $3 in September to a more conservative target of $1.04. The reason is because the market overall looks to be in a corrective structure rather than an impulsive one. So I think the more likely scenario is that we form a double top (or bearish bat pattern) at a little over a dollar and that sets us up for a larger correction where we correct until March 2022. This would better coincide with my view that BTC makes a lower high on this bounce, and then falls further down to $10k around March 2022 I'm keeping the same time period as my original analysis-- what's different is I don't think we'll make a new high on this attempt. If this were to play out, I think many people would think this is just the first leg of an impulsive move and we'll continue higher, but be careful if we don't break $1.14 on the way up, as that would set us up for a larger correction than the one we just had (likely finding a bottom somewhere around $.07 in March/April of next year). If we break $1.14, then I will create another analysis with new price targets. Key pivot dates and resistance levels on the chart. $.67 is the key bull/bear level at the 50% retracement line.
NLong
by benjihyam
8