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Nucypher

NuCypher - Explosive Breakouts! ⚡️Nucypher has had several explosive breakouts and we could be on the verge of another breakout. We are in a 5 wave bearish trend at the moment and we're on the 5th and final wave. We can mark out a descending trendline and wait for the breakout. Trade idea: - Watch for the breakout of the descending trendline and enter - Alternatively, watch for bullish momentum at the double bottom region - Stops below the lowest point once bullish price action appears - Targets: taper off position as price moves higher and higher Goodluck!
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by WicktatorFX
5
$NU to bounce to $1.37-$1.60 to retest resistanceDidn't realize I posted my last $NU update on NU/USDT instead of NU/USD. So for those who've been following my $NU posts over the last year, here's my latest update (posted on 2/11): $NU looks to be bottoming between here and $.38 (this was when $NU was at $40 so has since bottomed IMO). The next move should be a break out of this structure. A close above $.59 should start a move higher to retest the upper levels of resistance. My targets for this move are between $1.37-1.60 and I expect the move to take place over the coming month or two. The horizontal lines are the chart are key dates for changes in price action. Let's see what happens from here. Note: Those will be the levels I sell at because I think there's risk over the next few months that after those level(s) are hit, that we'll retest the lows as support before moving to my final target of $3.
NLong
by benjihyam
13
$NU, the final leg to $2.97-$3.06Here's my updated view on $NU going forward. For those that followed the last chart on $NU, we were able to exit near the top at $1.46, and accurately predict which of the pivots would be the top of that cycle. Since then, I've been out of the trade waiting to see how price reacted, and now I feel like I have a better sense of where the market is headed. Over the weekend, we got one last exit pump that tricked many people (including myself) into thinking we were going higher-- though I didn't take the trade. Now you can see price is has declined under a key support of $.97-.98 which leads me to believe the market is going lower, not higher from here (at least in the next month or so). It's of course possible for price to exceed that level in the very near term (ie. next week), however, I don't see price staying above there for long. I believe we'll likely see another 40-50% drop from here with price finding support in the $.47-$.53 range in early/mid December. Then early January, we should see price start to recover for it's final leg up to $2.97-$3.06. If I had to guess the timing of when we'd see that last leg up, I'd guess that sometime between the two pivots on the chart in January (5-25), we should see price hit it's final high. I'm a buyer near $.50 and a seller near $3. Let's see how the trade plays out over the coming months. As always, this is my interpretation of the chart, and you should DYOR.
NLong
by benjihyam
10
$NU more downside to $.38-.52 before price reboundsUpdating my thoughts on $NU. While I still think we'll eventually get to $3 in price, I think there's further downside to come before we get there. Potentially another drop of around 30-50%. BTC is continuing to correct which leads me to believe that the alts will get hit hard if BTC starts falling sharply. I think $NU should find support somewhere in the $.40 region. I have bids set at $.42, however I think we might end up finding support in the $.48 range. I've put the 4 levels of support I can see us stopping at. I don't see price changing bullish until price action moves outside of the bearish channel. Once that happens, I can see us recovering back up to the $2 range on a big BTC bounce. Will update my analysis to a bullish view after it looks like we've formed a bottoming pattern.
NShort
by benjihyam
9
Binance: NU buy / long 1DBinance: NU buy / long 1D Entry: 0,7 - 0,8 SL: 1d close below 0,42 TP: 1.3 TP2: 2,7 NuCypher is a decentralized encryption, access control and key management system (KMS), encryption service for public blockchains. NuCypher offers end-to-end encrypted data sharing on public blockchains and decentralized storage solutions. NuCypher allows users to share private data between a number of participants in public consensus networks, using proxy re-encryption (PRE) technology. This decryption technology makes NuCypher much more secure and protected than traditional blockchain projects based on public-key encryption, according to NuCypher. NuCypher (NU) are the native tokens used on the larger NuCypher network. The tokens are used to incentivize network participants for performing key management services and accessing delegation/revocation operations on the network. The NU tokens are also used for staking to run a NuCypher worker node. The NuCypher network is protected against malicious staking, and would automatically slash a suspected user’s rewards. NU is also used on the network for participating in the NuCypher DAO. The NuCypher DAO is the protocol that controls network parameters and smart contract upgrades on the network. Users who stake NU can also participate in validating DAO proposals.
NLong
by Tran_Tri_Tai
$NU new targets and timeframe analysis $.93-$3 by Nov?Updating my analysis one more time based on price action and my updated view on alts and BTC. What's hard for me to assess is how high $NU goes. There's essentially two scenarios that I'm weighing right now. For either outcome to take place, $NU needs to get above the $.65 green line for price action to turn bullish. After that, then there are two separate scenarios that I'm looking at: Scenario 1) I could see price moving really quickly once breaking $.65 to break the ATH at $1.14. If this happens, I think the most likely scenario is for price to surge up to $1.46, consolidating back to around the $.87 range, and then making another move higher towards the $3.07 range as the final high in Mid Oct/Nov. This could all happen very quickly, just like the move did in Feb. Scenario 2 (less bullish) I could see price breaking the $.65 level and then not breaking the ATH high - price moving somewhere between $.98-1.10, and setting up for a longer term lower high on the chart, which would send price lower over the long-term. In either scenario, I'd see price action playing out before November 9th - the last pivot on the chart. I've marked key dates for changes in price action and currently looking at the week of Oct 18th for a cycle top. I've also marked off important resistance levels on the way up. If any interpretation changes, or as we get updated price action, I'll update in the comments below.
NLong
by benjihyam
25
Btc is awesome... right?Btc ruins the party yet again. Iotx is looking strong despite btc sucking. Nucypher has dropped below critical support. I'm hoping for a recovery above .88 cents. Stnd still looks OK because the Twitter is popping off with partnerships, I think it would have launched today it btc didn't roll over. I still think we are good to go as long as btc stay above 58k. If we drop below 58k for an extended period of time all bets are off... I think we are going through a shake out before we launch in December. Above 58k, good. Below, bad. Let's see what happens.
by TrueStoryCryptoNews
NU is one to watch$Nu and $keep have an upcoming protocol merger. The first of its kind actually. The baby they will have will be named tBTC. This thing is going to be a monster. It's still so early for this project. Look into what this monster will be bringing to btc. Seriously, look into this one. Showing some bullish divergence on the 4 hour and a considerable retrace from the recent ath. This is a long term hold type of project. This is an encryption protocol type of asset. Two teams merging that are very concerned with privacy preservation, and we know how important that is and how well these types of coins do.
NLong
by TrueStoryCryptoNews
11
NuCypher Squeezing After a dramatic pump NuCypher has pulled back on price and has been moving sideways cooling off really starting to squeeze between a support of $1.08 and a resistance of $1.18. May be forming a new price floor after its pump. Most of the buying and selling after the pump as occurred at $1.44 which is a point of control (POC). NuCypher seems to be holding well "so far" above $1.00. We're still up 285% within the past 2 weeks so keep that in mind. Keep a look out on NuCypher's movement and on your radars.
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by peacefuljustin
1