Dear Holders, I Love $NCASH but...
Updated
I really love the idea of Nucleus Vision, but to be honest with 10 billion supply, it won't really work until one day mass adoption coming. Because we need a stabilize the environment above all else so it can work just like our traditional currency right now. Nucleus Vision basically not bad as one of low sats because it is successfully listed on big exchanges like Huobi, Zebpay and of course, Binance. Looking forward for more.
But if you are only lookin for trade idea to be here, then these what you will get:
1. Low sats like NCASH quite affected by BTC price which they will dumped easily and pumped easily. Because the psychology behind low sats is it look cheap. So for both retailers and whale is almost the same unless you have another factor to consider on.
2. The RSI level for short term is a retracement from recent dead cat bounce, so i seek further dump as people realize that what happened towards BTC price at the current status quo due to Mt.Gox creditors meetup. But ETF acceptance will be a positive one.
3. The current price is on the range of lowest support of all time which means, the R:R quite tempting to hold but, considering the risk, it's also quite risky because probably it can make a lower low.
I just drew my supports and resistance line which you can follow. NCASH is on my watch list.
But if you are only lookin for trade idea to be here, then these what you will get:
1. Low sats like NCASH quite affected by BTC price which they will dumped easily and pumped easily. Because the psychology behind low sats is it look cheap. So for both retailers and whale is almost the same unless you have another factor to consider on.
2. The RSI level for short term is a retracement from recent dead cat bounce, so i seek further dump as people realize that what happened towards BTC price at the current status quo due to Mt.Gox creditors meetup. But ETF acceptance will be a positive one.
3. The current price is on the range of lowest support of all time which means, the R:R quite tempting to hold but, considering the risk, it's also quite risky because probably it can make a lower low.
I just drew my supports and resistance line which you can follow. NCASH is on my watch list.
Note
yep it touches my support!Note
Great Setup!
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