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NUUSD

$NU targets $.98 - $1.04 by SeptemberI'm updating my last analysis from a more bullish view to a less bullish view on $NU, changing the original target of $3 in September to a more conservative target of $1.04. The reason is because the market overall looks to be in a corrective structure rather than an impulsive one. So I think the more likely scenario is that we form a double top (or bearish bat pattern) at a little over a dollar and that sets us up for a larger correction where we correct until March 2022. This would better coincide with my view that BTC makes a lower high on this bounce, and then falls further down to $10k around March 2022 I'm keeping the same time period as my original analysis-- what's different is I don't think we'll make a new high on this attempt. If this were to play out, I think many people would think this is just the first leg of an impulsive move and we'll continue higher, but be careful if we don't break $1.14 on the way up, as that would set us up for a larger correction than the one we just had (likely finding a bottom somewhere around $.07 in March/April of next year). If we break $1.14, then I will create another analysis with new price targets. Key pivot dates and resistance levels on the chart. $.67 is the key bull/bear level at the 50% retracement line.
NLong
by benjihyam
8
$NU $2.53-$3.01 in September?I'm updating the timing and the price targets a bit from the last chart based on what I'm currently seeing. It looks to me like we got a retest of the lows today. I think the next pivot which will start the move up will happen either July 5th or July 19th. Keep an eye out for price action on those dates and the Heikin Ashi candles on the weekly timeframe turning green which will indicate the move up has begun. I think we'll ultimately end up between $2.53 and $3.01 sometime in early September. Price should gravitate towards the gray box with that time frame. Let's see how it plays out from here.
NLong
by benjihyam
6
NU updateNot a lot to say about this. Nu is following a similar pattern as it did before breakout. NuCypher is a relatively new crypto which started its journey on Coinbase. This is unique since most altcoins start on binance, kraken or other smaller exchanges before being adopted by coinbase. This leaves a lot of opportunity for expansion for the coin as it becomes accessible to other exchanges. NuCypher also provides a valuable service for smart contract encryption. A security service like this will help adoption of smart-contract applications by larger corporate organizations that may want to use blockchain but also must meet security regulations and standards. the basic thought here is, NuCypher has a bright future. Current prices may be very low. for reference: Ada max supply: ~45 Billion - price 1.44 Link max supply: ~1 Billion - price 41.00 Filecoin max supply: ~2 Billion - price 182.00 NuCypher max supply: ~3.5 Billion - price .57
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by The_Yeager
4
NuCypher bottomed, but will it go up?NuCypher is testing .58 and possibly for the last time before reversal. This is a lower risk, (assuming you are using a tight stop) but high reward situation. Nu has taken a dip due to BTC recent breakout upwards. Pushing down price on the NU/BTC trading pair. This could present a buy opportunity. RSI and MACD are both in uptrend and hovering just below reversal levels (rsi 50). volume is very low, which I interpret as "price is to low to short now" and "Is this the time to buy?". next price action could depend on BTC price action. BTC will need to retest support around 62000 at some point. I expect NU/BTC to increase a lot at this point. my evaluation is that NU price will see big increase soon, although there is potential to see a drop to .56 level. I don't expect this as volume is very low and it would require an "adverse event" to push down to such levels.. but use a stop to protect yourself if you are worried about a drop.
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by The_Yeager
6