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Nuls VS Bitcoin Signs of an Uptrend
On the 29th of June, Nuls reached the 29.7k satoshis support, where it has rejected 88.6% Fibonacci retracement level. Since then price has been rising consistently, while printing higher highs and higher lows, suggesting the validity of an uptrend.
What is interesting, is that NULS/BTC yesterday rejected the 3/1 Gann Fan trendline and 76.4% Fibonacci support, that is 34.4k satoshis level. At the same time the downtrend trendline has been broken.
However, the 44.5k satoshis resistance is still valid, and in order for Nuls to go higher, it mus be broken with confidence. If/when that occurs, price is likely to increase towards next Fibonacci resistance level, that is 56.4k satoshis.
On a downside, if resistance will hold Nuls is likely to consolidate and perhaps go down towards 30k satoshis support or even lower.
What is interesting, is that NULS/BTC yesterday rejected the 3/1 Gann Fan trendline and 76.4% Fibonacci support, that is 34.4k satoshis level. At the same time the downtrend trendline has been broken.
However, the 44.5k satoshis resistance is still valid, and in order for Nuls to go higher, it mus be broken with confidence. If/when that occurs, price is likely to increase towards next Fibonacci resistance level, that is 56.4k satoshis.
On a downside, if resistance will hold Nuls is likely to consolidate and perhaps go down towards 30k satoshis support or even lower.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。