There are Double top and trendline breakout. So we're going to the nearest resistance
The main scenario I believe is a bounce from support area. Probably with a fake breakout. Because some earlier was a strong buy reversal volume which hints that there should be a bounce to UP direction from the support area. The second scenario, when the BTC US reserve decline is the reason for the fall of the entire crypto market, including Bitcoin falling...
if 1h candle is being closed below this level - goes short there are strong support level trade on FUTURES
POPCAT 3rd wave will start. If it can stay from this momentum and hold horizontal area
If it can stay and bounce from support area it will be going to cosmos.
So we should finish ABC coorection (if there will be ABC), and then we should start the 3rd wave of senior cycle to 1$. It's only a Hypothesis, not an investment recommendation. Will see.
Esli probivaet treugolnik to idem k verhnei granice
Now we are in correction stage. We should wait till end of the wave C (it it would be ABC), then look a point of enter to position. So we should wait some and we would go to start the 5th wave. There are we will close our position.
There are much profitable business in a local cheap price. There are long-term channel, now we are in bottom. after 1-2 years we can reach the top again
There are strong resistance. It must be broken soon.
Now there are much greater volume of bought than last past years even in March 2020. Company released new products (apps). Nothing scared happens. Analysts give a good predictions (27 and higher). I extremely loaded whole roll on this.
Now NLMK has pushed off from MA250 Day, seems like it will be double bottom here. Then it must be pushed up to 280. There are will be a strong resistance and then we should watch what be there depends of fundamental.