KISS_Principle

Playing Pinball

COINBASE:NUUSD   None
...an initial blast off followed by a long, drawn out trip back down taking the path of least resistance and bouncing every which way. Sure, some good opportunities to win some points if you're lucky but trying to predict where it will roll next is close to impossible. When it finally comes to that critical moment for your chance to swing again you must be ready. If you're caught sleeping you'll miss the ball. Finally I believe we are in a good position to begin thinking about smashing that button. RSI seems to have broken out. Despite the retest of .45 the MACD is holding steady above the signal line. The chart pattern looks strikingly similar to the Jan 5th - 12th shape with the widening, descending channel beginning to open up. All we need is a solid break above this line and we're ready to send NU flying. One critical piece, we need volume and lots of it. NU needs to steal the show to not be overshadowed by other coins. I see sideways movement for another couple weeks. Once we are out of the downtrend from hell I think we explode back toward our $1 mark. A fib extension on the log chart (not shown) places my absolute upper limit as $3.50. However, this is on the side of pure speculation and wishful thinking. If we get a pump I'll be looking to sell most of my position by the $1.60 mark. Staying neutral with the caveat that breaking the red resistance on the chart will change my tune to ultra bullish.
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