Hello to friends again !
I decided to do an update at 4 hour timeframe.
I want to hold my analysis much easy I can.
So this is it :)
As title speaks, I create triangle fibo (downward ) bear flag UPDATE combination.
It´s hard to predict NCASH moves or next steps, without any decent history.
Take this one , like something new and please, don´t invest by this chart .
NCASH makes here my favourite descending triangle and RSI indicates little reserve to touch bottom. It breaks support level below . So has room to fall into FIBO level 1. Everything sits here.
We now need to watch, what will happen at FIBO retracement level 1 - if candle touched this level ...
NCASH has very low volume, it´s new crypto. Low volume can mean lower volatility . So I don´t personally think, NCASH falls lower as FIBO level 1 .
For BTC and Binance hack scandal, I am still very bullish. It´s fixed and FOMO slowly disappearing.
But nobody never knows .
At the end, I like to notice, this is long term project.
It´s very new and risky to invest.
Sincerely,
Mario Emvo.
* This is not a financial advice.