It looks like NULS inside a large diametric. By fixing on the flip range, it can move towards the red line.
After the completion of the F wave, we should have a correction for the G wave and then have an explosive move up.
The severity of the G wave fall is not known, it is better to save profit at the highest point of the F wave and then enter NULS again after...
We are facing NULS respecting the borders of a ascendent channel. At moment, the price touched the inferior limit and probably will walk through Ichimoku cloud to touch another side (valuing 40%).
Why does it rise ?
*Limited supply is very scarce.
*Constant updates are coming.
*Agreements are ongoing.
*New exchanges.
*There is a pocm structure .
*Have solid foundations.
*Stake rate is very good.
Some coins just made an ABCD pattern and nothing else. I still believe they will pass the previous ATH. Nuls is a case that I believe will hit a new ATH.
Next Fib levels though are in the area bounded by 4.6USD and 7.32USD.
Expecting at least the price action hitting that target. Specially if we break the parallel channel up, the bullish scenario would flip...
He just complete a Head and shoulders pattern, after that we retested the rupture line. Rsi is in the bottom line. We can see a good explosion of this coins next months.
In this idea I show the movement through a formation that will soon break to the upside in a big way. I have overlaid a fractal that I believe best illustrates the movement I expect from the price action prior to and following breaking through the upper trend line. Bitcoin's upper resistance I expect it to be rejected from is 57951 before retracing down a good bit...
PERFECT MARKET STRUCTURE.. This is what WHALES and Traders look for. Resistance pushes price down three times (making it a STRONG resistance and support line!), then broke resistance! Waited for a confirmation, and we got it! Once Bitcoin Dominance goes down, big players will put money in cryptos with great market structure. NULS is getting ready to moon in the...
NULS, it seems to me at an interesting moment as it has been working for some time for a reversal of the trend that would be confirmed above 0.70 and 1 seems to me the first objective of this movement
