Long
Nebulas: It's all systems go!
NASBTC looking good after a strong bounce from support of the bullish symmetrical triangle. There is a small chance that this formation is a bearish pennant continuation pattern, however, looking at the 1D chart, price has had a strong bounce from triangle support, StochRSI is oversold and MACD shows potential for an upwards crossover. There is also bullish divergence showing on the 4H chart (see pic below).
Nebulas has teamed up with Nuls (NULS), Bytom (BTM) and a few others to form the Blockchain Alliance Initiative which will work towards curbing vicious competition between public blockchains and they aim to open up their isolated ecosystems to new users and developers. Nebulas already has over 6800 dApps on its mainnet, they have strong advisory and backing and not bad R:R for a short term trade.
Buy between 0.0002300 - 0.0002400
Target 1: 0.0004030 - 0.0004220
Target 2: 0.0004520 - 0.0004780
Stop loss: 0.0001900
Good luck and happy trading!
Nebulas has teamed up with Nuls (NULS), Bytom (BTM) and a few others to form the Blockchain Alliance Initiative which will work towards curbing vicious competition between public blockchains and they aim to open up their isolated ecosystems to new users and developers. Nebulas already has over 6800 dApps on its mainnet, they have strong advisory and backing and not bad R:R for a short term trade.
Buy between 0.0002300 - 0.0002400
Target 1: 0.0004030 - 0.0004220
Target 2: 0.0004520 - 0.0004780
Stop loss: 0.0001900
Good luck and happy trading!
Note
To be on the safe side, take partial profit at the triangle resistance too:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.