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NUUSDT

$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
$NU $2.53-$3.01 in September?I'm updating the timing and the price targets a bit from the last chart based on what I'm currently seeing. It looks to me like we got a retest of the lows today. I think the next pivot which will start the move up will happen either July 5th or July 19th. Keep an eye out for price action on those dates and the Heikin Ashi candles on the weekly timeframe turning green which will indicate the move up has begun. I think we'll ultimately end up between $2.53 and $3.01 sometime in early September. Price should gravitate towards the gray box with that time frame. Let's see how it plays out from here.
NLong
by benjihyam
6