NU/USD - Outlook over next few Months - INVERTED CUP AND HANDLE?
Hello Traders,
It looks like we may have formed an inverted cup and handle which is usually a sign of a pullback or downtrend.
Based on the overall momentum of the market at this time, I don't believe this will happen, at least not a major pullback as we had a couple of weeks ago.
But, if we do get the confirmation of the trend breaking the bottom line of the handle, it may be wise to hold and wait it out or sell and get back in at a lower price, depending on your trading strategy/ goals.
In all, I am very bullish on this Coin, as well as GRT, SOL, BLZ, SRM, RSR, OCEAN, and SNX. All of these coins have shown some very strong growth, even during the major pullbacks we've gotten over the last couple of weeks. GRT has been going off, the only one that has been holding back has been NUcypher.
I think it has to do a lot with the fact that it's a New Coin and also, it's lack of exposure to other big markets, like Binance and etc. I don't see any reason why the other bigger exchanges won't add it and it can't hurt to stalk up your portfolio with another cheap coin.
Mid/Long-Term Targets: #1: Retest ATH's @ $.40+/-, #2: $.59, #3: $.89, #4 $1.22.
Good Luck!
It looks like we may have formed an inverted cup and handle which is usually a sign of a pullback or downtrend.
Based on the overall momentum of the market at this time, I don't believe this will happen, at least not a major pullback as we had a couple of weeks ago.
But, if we do get the confirmation of the trend breaking the bottom line of the handle, it may be wise to hold and wait it out or sell and get back in at a lower price, depending on your trading strategy/ goals.
In all, I am very bullish on this Coin, as well as GRT, SOL, BLZ, SRM, RSR, OCEAN, and SNX. All of these coins have shown some very strong growth, even during the major pullbacks we've gotten over the last couple of weeks. GRT has been going off, the only one that has been holding back has been NUcypher.
I think it has to do a lot with the fact that it's a New Coin and also, it's lack of exposure to other big markets, like Binance and etc. I don't see any reason why the other bigger exchanges won't add it and it can't hurt to stalk up your portfolio with another cheap coin.
Mid/Long-Term Targets: #1: Retest ATH's @ $.40+/-, #2: $.59, #3: $.89, #4 $1.22.
Good Luck!
Trade active:
We are still holding very strong at $.20-$.22 price range. We still need to break the uptrend resistance of $.2375. If we break this and hold above it, we should see the higher highs to come.
Comment:
We have broken above the 38.2% Fib resistance though.
Trade active:
NU is not giving up! Still pushing to break this trendline moving up. Again, once we get a confirmation close above the trendline and we can find support in that range, we should be looking toward Higher Highs and Higher Lows.
