Nucypher (NU)....Getting ready to pop....or???

in #bitcoin3 years ago

I have been following #nucypher (NU) for quite some time now, and I think that it has become more and more interesting.....So I have been buying the last couple of days...($0.56 average price)...

It has been #trading sideways for some time, in the area $0.50-0.60 tending to follow #bitcoin swings. There is a massive resistance in the area around $0,66, it has been testet a few times now, latest today with decent volume...It has been rejected every time.
Looks like there i a lot of support in the $0.45-0.50 area, this has also been testet a couple of times...

Being a small marketcap #coin, this could easily skyrocket if the massive resistance is finally broken...I'm placing my bet, saying this will happen within a very short period of time....If the general #crypto mood is positive of course....

Screenshot from Coinmarketcap.com

Let's see what happens....Let me know if you are trading this #altcoin too :-)

This is not financial advice, just my own trading ideas

Sort:  

Hola, te comparto mi analisis.
En mi opinion, esperaria un retroceso a la zona de los 0.4$, y aqui, dependiendo de la accion del precio, podria pensar en entrar en largo.
Gracias por compartir esta oportunidad de entrada.

Hello, I share my analysis.
In my opinion, you would expect a pullback to the $ 0.4 area, and here, depending on price action, you might consider going long.
Thank you for sharing this entry opportunity.

Posted Using LeoFinance Beta

Thanks for sharing your point of view...maybe you are right...