NULS Weekly Analysis 7/24/18
Just my observations. Not advice, just practicing TA for myself.
Daily Chart:
Currently NULS is sitting above last week's low. This area has also been support in the past. There has been selling pressure above which is evidenced by the 1D and 1W bearish order blocks. I'm expecting the recent lows to be taken prior to a run higher and would buy on a dip to these levels. Right now, it seems like alts are beholden to BTC's movements. If BTC continues to rally hard, alts might pull back further. In the case of NULS it is possible the lows from 3/12 and 4/02 could get taken.
4H chart:
You can see the failed bounce yesterday provided an optimal trade entry for sellers around the 0.5-.705 retracements. You can also see the 1.27 fib aligns closely with the lows from 3/12 and 4/02. I will be a huge buyer if we hit these levels.
Daily Chart:
Currently NULS is sitting above last week's low. This area has also been support in the past. There has been selling pressure above which is evidenced by the 1D and 1W bearish order blocks. I'm expecting the recent lows to be taken prior to a run higher and would buy on a dip to these levels. Right now, it seems like alts are beholden to BTC's movements. If BTC continues to rally hard, alts might pull back further. In the case of NULS it is possible the lows from 3/12 and 4/02 could get taken.
4H chart:
You can see the failed bounce yesterday provided an optimal trade entry for sellers around the 0.5-.705 retracements. You can also see the 1.27 fib aligns closely with the lows from 3/12 and 4/02. I will be a huge buyer if we hit these levels.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.