NEBL took a long time in resting up after the rocket launch reaching ~950% in just only 4 days.
Let's look at this in a few details. The charts on the right there a HSN signal setup and a bullish divergence with RSI as first sign of preparation for the big launch ahead.
Now, the chart on the left, notice that NEBLBTC respect fibonacci level as it have small bounce off and resistance level. Volume wise it is consistently low in trading but many owner still hold on to NEBL for long term and volume has recover since the big drop of earlier of the month. It as stay above the 8m OBV.
The key on left chart is it has enter historical oversold level. This means NEBL might be looking for a potential setup to go long in coming days. When it comes it will be like the rockets as history trend to repeats itself.
Short term: any reversal signals within support Zone 1, beware if price breaks support zone 1, potential drop to support zone 2 is likely to happen.
Let's look at this in a few details. The charts on the right there a HSN signal setup and a bullish divergence with RSI as first sign of preparation for the big launch ahead.
Now, the chart on the left, notice that NEBLBTC respect fibonacci level as it have small bounce off and resistance level. Volume wise it is consistently low in trading but many owner still hold on to NEBL for long term and volume has recover since the big drop of earlier of the month. It as stay above the 8m OBV.
The key on left chart is it has enter historical oversold level. This means NEBL might be looking for a potential setup to go long in coming days. When it comes it will be like the rockets as history trend to repeats itself.
Short term: any reversal signals within support Zone 1, beware if price breaks support zone 1, potential drop to support zone 2 is likely to happen.
