Nosana: Incoming Higher Low?NOSUSDT (Nosana) is reversing after a small bullish jump but this jump was accompanied by really high bullish volume.
On the chart, we can see a rounded top and a strong bearish candle yesterday. This indicates that a move lower is about to develop. Seeing the high volume on the last jump, it is possible that this down-move will end up as a higher low compared to 5-August as buyers are present and ready to buy on this pair.
If support breaks there can be a lower low though but this wouldn't change the bigger picture which is growth after the next down-move ends.
Summary
👉 Nosana (NOSUSDT) is aiming lower and this move can result in either a higher or lower low compared to 5-August. After this low is in, we can expect a major bullish cycle to develop.
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Namaste.
