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NULS update #2! Nuls is doing everything right!

Hello traders,

Let me start off by saying that I LOVE NULS! NULS is not only a great project, but also the chart is just a thing of beauty.

Let me decode why NULS TA chart is very beautiful. Please follow along my step and tried to understand each step. If you have any questions please feel free to leave the comment!

1) Initial breakout on April 18th --> Resistance --> Bounce --> Tried to find support at EMA 50/200 --> Fail --> Found support at purple line! (This was my turning point!)

2) After the bounce at purple trendline, NULS attempted to break resistance --> Success!

3) After breaking the first resistance (first orange line), NULS faced another down trendline resistance --> Bounce

4) Tried to find support at first resistance --> Fail --> Found support at EMA 200!

5) After the bounce at EMA 200 --> Surpassed second trendline --> Found support at the purple trendline. At this point I was completely bullish on NULS, and I added another batch of shares.

I believe that NULS hit the plateau for now,and I expect minor dip before next bull run as both RSI and Stoch RSI is shifting toward bear side.
What I want to see is NULS to retrace at 23.6% level, which coincidentally overlap with the second horizontal major resistance. Reinforcing this level as a support is a very bullish signal.
If NULS failed to find support there, then next support is 37K Sats (38.2% retracement).

This idea is more for educational purpose only, and I hope you learned something from this chart.
Happy trading!

註釋

Bounced at 39K Sats as expected. I expect some side way movements in next few days to cool off RSI.