While most of the altcoins on Binance hit a low point on the 12th September, the low for NEBL was hit on August and it has been in an uptrend since, it picked up steam just now and additional action is expected, long term, according to the charts.
Let’s take a look and plan a trade for this altcoin based on what we see:
- Since we already hit EMA50 (magenta line), NEBL will have to retrace and consolidate before it can challenge it again. Eventually, as it happens in an uptrend, it will break it. If this resistance can’t be broken, then the next support is tested.
- We trade based on the trend and protect ourselves with a stop loss where NEBL on the way down found support. If this support is broken we close our trade, because we assume that it will continue going down. But if the chart signals continue to develop and the trade goes our way, we will challenge target after target and profit all the way.
- With our pockets full, we are honestly grateful, we feel it (Thank you God for allowing me these blessings… ) and move on to another trade.
- This is a type of job, so you are always happy when you get paid. Namaste.
- Let’s continue with the analysis…
- is massive, you can see how big is the last bar (red/green bars on the background of the main chart behind the candles). This is the highest since January 2018.
- A strong bounced happened after Neblio hit an all time low, with all the indicators now , it is time for a strong wave up.
Trade instructions for Neblio vs Bitcoin
Buy in: 0.000335 – 0.000363
(Wait for price to retrace – go down to this level – to buy in)
Next support: 0.000283
Targets for NEBLBTC by Alan Masters:
More targets on chart.
Stop loss: Close weekly candle below 0.000260.
Capital allocation: <10%.
HOW CAN IT BE DONE?
It starts with change.
It can be simple and small, as little as changing your tone, the food you eat or your clothes.
Consistency will then from you ask the most.
As you start making changes, big or small, you will need consistency to imprint what you want.
There is no routine, ever, everything will change daily, weekly, yearly and other cycles will and develop as time goes on.
When people see you, they will think that this is the way that you were born.
Not realizing the infinite amount of persistence, positive attitude and work that is going on when you are alone.
And this is how it all happens.
You make the wish.
Start making the changes, big or small.
And then let everything move by itself.
As long as you are consistent making changes.
You will be able to adapt, growth and achieve infinite wealth.
This is how it can be done… All the above is really irrelevant, the goal of this process is to figure out what you really want.
The changes will take you there, once you figure it out, your body will be moved by your Soul.
Early reversal signals developing, take a look at the 4h time frame:
- Doji - reversal candle.
- EMA200 holding.
- Now trading above EMA10.
- RSI, MACD and everything curving up strong.
- Retrace completed.
- Needs volume to take off.