NULS Weekly Analysis 8/27/18Welcome! 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:
NULS has looked like it may turn things around recently. It is making a series of higher lows on the 4H chart. It broke above a 3D bearish order block and is consolidating above it now. I think this resistance will become support and I like a break to the upside to occur.
Trade:
I'm long already but I like this trade. I think NULS can break through the order block overhead because it has already been tested 3 times. I think supply is weakening and a run higher could occur.
Nuls
NULS Analysis 8/21/2018Welcome! 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.
$NULS, To The Bottom We Go…
Weekly
Looking at our trend timeframe we see price has broke our 30000 support zone and we are now heading towards our 2nd target at 15000. Stochastic RSI showing momentum continues to remain in favor of bears with no signs of slowing down.
Daily
Looking at our pattern timeframe we see price respecting our bearish channel, stochastic rsi not showing any signs of slowing down, a 4hour close above 25000activates our trade, otherwise sitting on our hands until 15000 is reached.
Nuls looks ready to goBullish divergence
Falling wedge
Right above confluence zone of previous support
I would not be surprised to see a lot of stop losses line up right under 0.000255, and a some whales use them as liquidity before nuls can break up higher, therefore I'll wait for more confirmation before entering a position on nuls.
Nuls VS Bitcoin Signs of an UptrendOn the 29th of June, Nuls reached the 29.7k satoshis support, where it has rejected 88.6% Fibonacci retracement level. Since then price has been rising consistently, while printing higher highs and higher lows, suggesting the validity of an uptrend.
What is interesting, is that NULS/BTC yesterday rejected the 3/1 Gann Fan trendline and 76.4% Fibonacci support, that is 34.4k satoshis level. At the same time the downtrend trendline has been broken.
However, the 44.5k satoshis resistance is still valid, and in order for Nuls to go higher, it mus be broken with confidence. If/when that occurs, price is likely to increase towards next Fibonacci resistance level, that is 56.4k satoshis.
On a downside, if resistance will hold Nuls is likely to consolidate and perhaps go down towards 30k satoshis support or even lower.
NULS - Elliott Wave TheoryOverall pretty bullish. The mainnet release is also coming up so that could be a confluent reason as well.
If we zoom out, though, to the 1d and take a fib retracement lvl over the big downward move
we see that the target comes close to the golden pocket, another confluent reason.
Target: 0.00049 area
Anyway, this is my first post on here so feel free to leave any tips ECT!
NULS - Bottoms Up! NULS had a nice bounce up from the bottom of the channel on June 30th. All the indicators confirm reversal is in play. There was a dip in price yesterday when Bitcoin dropped, but I expect momentum to continue to build from here.
RSI
CCI
MACD
Easy decision for me to make an entry here with the indicators confirming reversal and a ton of room to grow.
Plus, easy buy and hold with Mainnet release coming on July 12th.
My trading strategy targets for NULS on Binance as posted on my Discord group:
NULS on Binance
Buy up to: 37000
T1: 40700
T2: 44400
T3: 48100
SL: 31450
Daily volume: 59 BTC
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
$NULS #Nuls - ANALYSIS - Big move soon, just not yetHello Lads and Ladies,
As just now requested, we will take a look at NULSBTC a coin that is hyped a lot, actually has some nice potential but just "not yet".
Taking a look at the daily chart we can see a very slow increasing, yet well respected support line. At this line most of the bounces happened. As we can see we had a nice bounce from this line almost a week ago. It went to the most recent resistance line and at least at the daily it is "hugging" it. Moreover, we can see that it has been rejected from the mid Bollinger Bands as well as the downtrend resistance. Therefore, I believe that we will see NULSBTC coming down a little more or even bouncing from the overall support pretty soon.
Looking at the RSI, it is also seeming to retrace and it should find its bottom around 10 Points below.
To confirm these findings we will take a closer look at the 4h chart of NULSBTC ->
Here we can see pretty much the same picture. Nevertheless, taking a closer look we can see a descending double top just above the downtrend resistance, which basically gave the retracement a very clear indication. This double top, when it retraces all the way back, would form a slightly bigger scale double bottom, which would indicate a bounce.
Looking at the RSI we can see almost the same picture of it heading down right now and with it most likely forming a double bottom.
Nevertheless, there is a chance that NULSBTC will not retrace completely to the support line and bounce even earlier. This would also mean on RSI that the mentioned double bottom would be at 31 points and not at 20 points.
Basically, looking at both charts we can clearly see that NULSBTC is retracing right now and will have a bigger bounce after this retracement. One major indicator for this is also the volume, or better said the lack of volume. Whenever NULSBTC will get a lot of volume again, we will see pretty nice pushes. Right now the volume is crashed and is looking for a "revival" ideally at the bottom the of the uptrend support.
This bounce would be able to hit at least the 38.2% and touch the 50% fibs line.
IN NUMBERS
- BUY @32k-30k
- SELL @34.5k - 39k - 42k
NULSBTC Signals Technical Analysis
Bitcoin i s going bullish and therefore alts are flying too, NULS is a nice alt-coin with good FA. its breaking out and a nice bull run ahead I'll love to buy this when it test the support again i see profit up to 57% and more which is good and i think this will be achieved within 10 days. Thanks guys for looking into it don't forget to leave a like and follow me for more. Join Us on Telegram :- @ImSNG
T HANK YOU FOR YOUR SUPPORT
$NULS, Bounce Or Nothing
Weekly
Looking at our trend timeframe we see price is currently testing our major support level at 30000. Momentum heavily shifted towards the bears. Looking for a weekly reversal at this level, otherwise sitting on my hands until we reach our next major support at 5000 satoshis. Leaning towards the drop before we radically shoot up.
NULS/BTC going UP or DOWN?!NULS showing some positive and negative signs. As we have a bullish pattern, and are above the 50 day moving average, I belive we will touch the 50 Day moving average and then moon. Negative signs, we have a tremendous lack of volume, which shows uncertainty in the market, as well as in the MACD, the 12 day moving average is under the 26 day moving average. There goes the uncertainty, bearish or bullish? In my opinion we will see NULS rise when it touches the 50 Day moving average, as it will find some support!
Ps: Fibonacci was made taking in count the recente high and recente low!
The $NULS BTC train is departing soon 200% gain 1:12 RRHey guys,
This is an update to my previous idea on NULS. Please see related idea below. It is not too late for entry into NULS. You can market buy below 52000 or set your buy for 50K or lowest 49500.
Entry: 0.00052000 - 0.00049500
Stop: 0.00043500
Target: 0.00160, exit half at 0.00105 and wait for my update for re-entry.
Please don’t forget to like or comment as it always helps to get feedback from you. As always, good luck and stay safe!
Kinashi-San
*The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
NULS next target 77k-81kBINANCE:NULSBTC retracement appears to be complete (pending any further BITFINEX:BTCUSD disasters). Next stop would be the all time high area of 59-63k. Expect to find some resistance there but I'm not looking for it to hold. Target is still 77k-81k satoshis before a wave 4 retrace back down to mid 60k's.
For now we can be happy to have confirmed our supports at 45-46k and 51k. Those are our safety nets.