Panjang
$NU targets $.98 - $1.04 by September

I'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.
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.
Nota
There's a chance that the 20th could be the pivot that sends There is also a chance that price goes to $3 instead of $1. The signal will be a break of $1.14. It will need to break resistance at $2.09 for it to set up $3.
I'll continue to update this over the coming weeks as price action develops.
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Penerbitan berkaitan
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.