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Nuls

$NULSBTC - hunting for 200% gain at 1:18 risk/rewardGood day traders and welcome to this idea on NULS As you can clearly see, NULS is a beast. It’s trading above January high. Not very many pairs are trading above January high… I can only think of EOSBTC and ZRXBTC off the bat. So no doubt, NULS is going places. Looking at the daily, we see that after testing the March highs, NULS has accelerated quite quickly towards our wave iii target of roughly 83K. Within this wave iii, we can see that likely, we are done with wave (3) of iii and are working on our wave (4) as our wave (3) have hit an important fib expansion level and now it’s starting to correct: Looking closer in the 1hr chart, based on our RSI trend, we can assume that we’ll start to see lower price action as the RSI work towards the lower region to reset itself for a push towards the fifth wave. With that said, I expect this 4th wave correction to be an ABC zig zag with the C leg ending somewhere between 50500 and 46500 since we do have support from the high on 4/29. This is also a confluence with the .382 retracement of wave (3), which is a rather standard retracement for third waves: With that said, we could start buying from 50500 down to 46500 with a stop just below that at 45K since if we do see those prices, we could get back to 40K to test our March highs again. Entry 50500 or at 10D EMA Stop 45000 Target 152K, start taking profits from 130K and up Risk / reward ratio: 1:18 I don’t normally set my buys above the .382 retracement but in this idea, it is a case of FOMO since I know that there is definitely steam behind this push. I also see that the 10D EMA is approaching quickly and it doesn't seem like NULS like the 10D EMA very much. It is staying away from the 10D EMA like the plague. So as long as we're trading above the 10D EMA, we're golden. However, let’s say we miss this trade, fear not since likely we’ll see a corrective wave iv that should come back down to this level to prepare us for the push to the fifth wave to complete (iii) which should end some where between 150K to 160K, a relatively conservative estimate based on our wave (i) and (ii). Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe! Kinashi San *For pure fun and joy, not financial advice. Not a recommendation to buy sell or hold.*
Long
by Kinashi_San
42
NULS broke sats ATH and is not even close to done yet We're currently finding resistance at the all time high level of sats which is more than expected. Don't worry friends, there is a lot more left to go as we're just getting started. Wave 3 of the NULS supercycle should end around 77-81k sats so I would look for that around the end of the month Honestly I would prefer a healthy retrace down to the 51k or 46k levels but with the main net coming up soon that may be off the table. Have to wait and see
Long
by stir224
5
TTM fires LONG! NULS is about to make a moveHey guys! Back to update you on NULS. As you can see from the last chart we are right on pace headed for the overhead resistance at 38k satoshis. I expect a small bounce initially but I expect us to climb over it. Once we are over it and confirm it as support we can start targeting 46k satoshis. I've shown this on the chart with some simple arrows. That's really all you need to understand what's going on right now. The daily TTMsqueeze has also fired long (still need current daily candle to close to confirm but it looks really good) which is supports our previous analysis. Get ready, the shuttle is fueling up!
Long
by stir224
NULS - Sleeping giant (mainnet launch soon)NULS team have been working hard and is finaly coming closer to the point where they launch the mainnet and breaks the market. NULS (just like BTC) have been bullish for awhile now. MACD shows confirmation for bullish movement as it crosses 0. Alligator indicator is crossing lines (blue and green lines switches place) which indicates for buy opportunity and bullish movement. Huge wedge have been building and breakout from that will proly reach 0.786 fib. Hopefuly we see good news (mainnet launch) before we reach tip of this wedge. Target 1. 34k sat Target 2. 60k sat Target 3. 92k sat (fib 1.618) Will update NULS movements to this chart later on.
Long
by Em4rk
5
DO NOT miss out $NULS accumulation phase!ENGLISH : You know the different phases of the market described on Dow's Theory, right? Well, if you don't, I strongly recommend you to do some research! To sum up: an accumulation phase occurs at the end of a downtrend, when ordinary investors, due to lack of patience, start dumping lots of it. Now, we can clearly see the increased volume I circled on the chart. But don't get afraid of how red are those volume columns: they're only selling because someone is buying! And these people are the smarter investors. We are going to face that important downtrend line soon, and I feel in my guts we're going high! I'm already in this, got a nice and cozy entry around 0.000263. If I were you, I'd buy as much close as possible from that support region and just let the market works itself out for some days, maybe weeks. PORTUGUÊS : Você sabe sobre as diferentes fases de mercado descritas na Teoria de Dow, certo? Bem, caso não, eu recomendo muito que você pesquise um pouco! Para resumir: uma fase de acumulação ocorre no final de uma tendência de baixa, quando investidores inexperientes, por falta de paciência, começam a vender uma grande volume de um asset com baixo preço. Nós podemos ver claramente o aumento de volume que eu circulei no gráfico. Mas não fique com medo do quão vermelhas são as colunas de volume: eles só estão vendendo porque alguém está comprando! E essas pessoas são os investidores inteligentes. Nós estamos prestes a enfrentar aquela importante tendência de baixa, e eu sinto que o preço vai subir! Eu já entrei nessa trade, consegui uma boa e confortável entrada por volta de 0.000263. Se eu fosse você, compraria o mais próximo possível da região de suporte assinalada e então apenas deixaria o mercado funcionar sozinho por alguns dias, talvez semanas.
Long
by MatheusFranco
7