NULSUSDT
NULS waiting for a decisionNuls is another getting close to decision time.
Price bounced nicely off the .618 fib and is now getting pushed into a wedge where price has to decide if it wants to go up or down.
MACD is and momentum is looking pretty good for a breakout, I will be keeping an eye on it and will only enter once it breaks out.
If it breaks to the downside I will be picking it up in the accumulation zone.
Overall Nuls is a great project and I will be looking to hold a bag for the long term!
Not financial advise! What do I know? Nothing.
Nuls (Nuls) | 58%+ Potential Profits | FREE TRADING SIGNALPair: NULS/BTC
Exchange: Binance
Trade Duration: Short
Risk: Low
Introduction
NULS is a global blockchain open-source project which is a highly customisable modular blockchain infrastructure; it consists of a microkernel and functional modules. NULS provides smart contract, multi-chain mechanism, and cross-chain consensus. It aims to break the technical barriers of blockchain, to reduce the cost of development, and to promote the usage of blockchain technology in the commercial field.
Technical Analysis
- Bullish RSI divergence
- Nearing apex of symmetrical triangle
- Higher low
- Previous pump wore down resistance zones, therefore there should be limited bids and they should be easier to break
- We would like to see a close above 0.0001100 BTC to confirm mid-term downtrend break
- We expect our targets to be met within 3 weeks at which point we will re-asses as to whether or not we think it will trade higher in the coming months
Our Entry Zone
0.00010500 - 0.00011184
Our Targets
1: 0.00012334
2: 0.00013175
3: 0.00016542+
Our Stop Loss: 0.00010000
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Axsonex Team
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DISCLAIMER:
This analysis is not financial advice and the Axsonex are not financial advisors. We are sharing our opinion, nothing more.
Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.
Nuls | Declining Wedge?Declining wedges have a 92% chance of a upward breakout with about a 8-11% chance of failure
* 5 reversal Points in wedge
* RSI Divergence: price is declining but RSI is climbing
* Volume: 75% declining wedges decline in volume during formation. Post performance improves with increasing volume. BINANCE:NULSUSDT
NULS-USDT3H Chart:
NULS is testing this suport (around 1.07) since 12 Sept. and it is testing again now.
If we consider this zone the absolute retracement it makes is a good buy for this time of the year. (also, take notice of the 100% retracement of the last big pivot)
I consider this price movement taking place inside a parallel flat channel, which now has hit the lower part of the channel.
Very low volume on daily: 226k / 24h on Binance
Trading strategy:
1. Buy around this price range (stop 2-3% below this area)
2. Wait and buy when the price breaks the upper part of the price channel.
3. Opportunity to trade inside this price channel (14% max. profit)