Nucypher Poised for Breakout! All Time Highs Coming?

After gaining over 100% in value over just 24 hours last week, Nucypher seems poised for another breakout. Since the break out last week $NUUSD has found strong trend line support has it has developed into a bullish ascending triangle pattern. With clear hourly supply levels above it and strong trend support below a nice low risk high reward trade has set it self up.

Entry - Between the dotted and solid green trend line

Stop - You can run a trailing stop behind the trend line, although it has not been violated yet the tighter it is the more likely you can be taken out if $NUUSD back tests before breaking out.

Important Levels

• .57 - This is the strongest hourly resistance on the chart. A strong move with volume past this level would start the breakout and a back test of this level would signify the breakout is valid.
  
• .62 - Hourly resistance from the precipitous drop from all time highs. $NUUSD lost 20% in 2 hours on Feb 5th from this level
  
• .655 - Hourly resistance. I expect to see this level and .62 to provide some consolidation
  
• .69 - All Time Highs
  
  Targets
  
  I would scale out some profit at each of the levels above and level a decent sized runner on if it does break all time highs.
  
  Breakout Failure:
  
  An hourly open and close below the green trend line would signify the failure of the ascending triangle to produce a breakout.