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Nebl has setup the rocket launcher ready to go to moon!

Hello guys welcome to this analysis on Nebl-BTC,

We can see that Neble has broken up from a falling wedge, retested it and after moving up created a mini bull flag that seems like it has broken above that as well. the target is gonna be the green resistant line above the price action which gonna confirm and Adam and Eve bottom that we can see all across the crypto land!
Good thing about this coin is it hasn't pumped much while everything has been pumping, it has good volume, and doesn't have much resistant in its way. looks like a moon shot coin to me!

If you wanna buy it you can wait for the price to retest the mini bull flag before buying it with a stop loss below the flag, or wait for it to reach the green resistant, break it and open and close candles above it, buy it with a stop loss below the resistant. take profit at green resistants.

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lol, the last pic was for a TRX trade I updated that mistakenly.

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Alrighty, get back into Nebl,
we can see that after a failed rally caused by BTC dump, Nebl bounced up from the 0.5 fib located at the same place with 100 and 200 4hr moving averages and it appears that it's making a very strong dragonfly doji which is a bullish sign. We still hold the uptrend trendline ( the dotted pink line)
in order to buy back into this trade, we should wait for the next 4-hour candle to close above the dragonfly and doji to confirm it.

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we have bounced from the box in our last post and we have completed a handle of the cup and handle the measured move from this cup and handle will get us up to 17500 sat area.
on our way we gonna have resistants at the green dotted line areas that you can use as a reference to get profit.

I expect some sideways action on the dotted yellow line before going up to the next resistant.

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looking at the big picture again we are clearly up trending on the yellow dotted trend line. the measured movement of the cup and handle gave us a way to reach the 2nd resistant line in the dotted green.

and after that, we have to follow up and see how we gonna reach the blue messed move based on the triangle.

take profits at green dotted lines.

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if you wanna buy in wait for the price action to open and close candles on top of the first green trend line, buy it there and with a stop loss 2% below it.

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we are good on this trade getting ready for next move to the next resistant.
bring stop losses to the break-even point of entry.

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need more volume and love, but it's trending :P

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working fine, it has made a cup and handle and broke up from it and now is sitting on its support, its ready to go up to 18683 sats but it needs more volume.

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2nd target hit perfectly, take profits and increase stop loss to 14300.

Trader_Shayan

Penafian

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Trader_Shayan