Didn't realize I posted my last $NU update on NU/USDT instead of NU/USD. So for those who've been following my $NU posts over the last year, here's my latest update (posted on 2/11):
$NU looks to be bottoming between here and $.38 (this was when $NU was at $40 so has since bottomed IMO).
The next move should be a break out of this structure. A close above $.59 should start a move higher to retest the upper levels of resistance.
My targets for this move are between $1.37-1.60 and I expect the move to take place over the coming month or two.
The horizontal lines are the chart are key dates for changes in price action. Let's see what happens from here.
Note: Those will be the levels I sell at because I think there's risk over the next few months that after those level(s) are hit, that we'll retest the lows as support before moving to my final target of $3.
$NU looks to be bottoming between here and $.38 (this was when $NU was at $40 so has since bottomed IMO).
The next move should be a break out of this structure. A close above $.59 should start a move higher to retest the upper levels of resistance.
My targets for this move are between $1.37-1.60 and I expect the move to take place over the coming month or two.
The horizontal lines are the chart are key dates for changes in price action. Let's see what happens from here.
Note: Those will be the levels I sell at because I think there's risk over the next few months that after those level(s) are hit, that we'll retest the lows as support before moving to my final target of $3.
Comment:
Just to be fully transparent, I exited all of my crypto positions after BTC just broke that low right now. I think there's too much risk that we fall further from here. I'll reassess the charts in May as I think that's when we'll see things shape up. Until then, good luck.
Comment:
Here's my reasoning for exiting. We'll need to see if this plays out from here:
Comment:
Okay, I do think there is a possibility of this playing out over the coming week(s). Not sure if we'll make it as high as I originally thought, but if we can break .50-.51, and then we get another test of $.62, I think it has the possibility to break there and go higher. First stop would be the green resistance, then maybe higher and all the way up to the final target posted on the chart.
Comment:
It never played out so the trend is still down.
