Long
Nucypher - NU - potential cup & handle
Bullish setup since inception for NU
First, highs remain around same area, and lows are getting higher and higher, as we progress forward, so we would have an ascending triangle formation if we cared to draw.
NU finally climbing to previous highs, which could be around $0.28, $0.35 - $0.42 - any one of these points may trigger a handle formation.
at which point we SHOULD see a short reversal - you can target this with FIB retrace, and plan for roughly 50% if it does go this way.
And prepare for rocketships, to the 2.168 lol
First, highs remain around same area, and lows are getting higher and higher, as we progress forward, so we would have an ascending triangle formation if we cared to draw.
NU finally climbing to previous highs, which could be around $0.28, $0.35 - $0.42 - any one of these points may trigger a handle formation.
at which point we SHOULD see a short reversal - you can target this with FIB retrace, and plan for roughly 50% if it does go this way.
And prepare for rocketships, to the 2.168 lol
Note
I believe we should see one more wave upwards - we should hit from 0.36 to 0.40 before turning around (this could be off by a few cents). If this happens, the retrace should be equal to a 50% retrace using a fibonacci retrace tool, which I will draw later if this does come true. Note
Should Bounce from here
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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.