NUGT nearing reistance
Updated
Former uptrend support moving average for NUGT should function as current downtrend resistance. The next leg of the downtrend should extend significantly below the 2016 low. IMHO, a reverse split will be required. XAUUSD is also facing technical resistance. All of this should be good news for DUST.
Comment
Updated value of target resistance moving average in question to MA987 on 39 minute chart. Comment
In the downtrend that began in July of 2016 XAUUSD has retraced 38 percent. The downtrend should resume as should the downtrend for NUGT. 
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.