Nu Crossroads

2021年4月29日

Nu has returned to its previous descending channel after falling to .35

It has found a support at .50 at the moment, and is at a crossroads. A drop below .40 will favor the descending channel, while a rise to .60+ will favor the new rising channel.

If it favors the new channel, expect price ranges along that channel.

2021年4月29日

註釋

Symmetrical wedge price consolidation at .54 is signalling a potential bullish breakout continuation.

2021年4月29日

註釋

Wedge is starting to look more like another descending triangle. A dip at this point at the end of this potential descending triangle is still within range of both channel directions - so this is still a developing process.

2021年4月29日

註釋

If this d. triangle pattern continues, price will drop to the .40-.42 range. Anything lower might send it eventually back to .35

Price desperately needs to get to at least .57 or .58 to signal an exit from this descending channel

2021年5月4日

註釋

Nu appears to bounce of the bottom ascending channel. If it can maintain this position, we could see a consistent overall rise through May.

2021年5月9日

註釋

Another descending triangle forming. Could signal another price drop returning it to .35