#NAS / BTC
Buy Range : 0.0000370
Stop Loss : Daily Close below 0.0000360
Target 1 : 0.0000409
Target 2 : 0.0000446
Target 3 : 0.0000472
Nebulas has been falling hard for weeks and it hasn't confirmed its bullish reversal yet on big timeframes.
However, that point looks interesant to enter on it.
Weekly chart :
- Last week candlestick suggest buy pressure about these low levels.
- Volume and CMF confirms the buy pressure
- This week candle is in a positive territory, early to judge, but it could be a good start.
Daily Chart :
- We have low retested between March and April
- CCI is crossing into the green territory
- Price is trying to break above EMA20
- Double bottom ullish Divergence on the RSI
- MACD supporting the bull movement
4H Chart is not looking bad. Price action stay above ema20+ma50 and failed to break MA200 in different test. A good confirmation of bullish reversal in short-term will be break this zone.
GL !
- I tried to adjust our investiment to a tight stop loss. Because the trend hasn't reversed yet and trying to catch the lows is a bit risky.