Downward pressure to 1.00.
Updated
As NU continues to be distributed by early buyers we may possibly see it bounce of at the $1 range. Before rally continuation. But before this happens upward pressure must be sustained on the 12hour and daily chart.
Note
I'm still looking at the $1.00 to $1.06 to see a significant bounce. The bull band will meet with .618 fib retracement line at around that area providing possible support. However the downside pressure keeps on moving. We need price to bounce up to get that green LSMA moving up and gain some upward price momentum.Note
In my opinion the downward wave pressure has come to a slow down. We may see a possible slow recovery. We didn't see my $1.06 target but made it to $1.08. We still need to see what the weekend brings though.
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